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MNT Price Momentum Strengthens with Rising Capital Inflows
On-chain data and daily chart indicators reveal increasing activity on Mantle’s network, signaling rising interest among spot traders. This momentum suggests that MNT is poised to challenge its all-time high of $1.86 once again.
Rising Demand Supported by Price and Network Activity
The price daily active address (DAA) divergence for MNT currently stands at 63.97%, highlighting a growing correlation between network activity and price during its recent rally. This metric “signals an uptick in the altcoin’s demand,” indicating that more users are engaging with the network as the price climbs. Such a pattern often reflects organic demand and strong momentum behind the asset.
Capital Inflows Confirm Positive Market Sentiment
Further reinforcing this trend, the Chaikin Money Flow (CMF) indicator on the one-day MNT/USD chart remains above zero at 0.21. The CMF “signals sustained capital inflows into the spot markets,” meaning investors are accumulating rather than selling MNT. When the CMF stays positive, it typically indicates buy-side pressure and investor confidence in the asset’s near-term prospects.
Resistance Ahead, Profit-Taking Could Impact Rally
While the momentum appears strong, the $1.861 level remains a critical resistance point. If buying pressure continues and MNT breaks above this barrier, a new all-time high may be within reach. However, as always, potential profit-taking by traders could temper the rally and introduce short-term volatility.
