The post MNT Price Today Holds Above $1.15 Despite Profit-Taking: Is $2 Loading? appeared first on Coinpedia Fintech News
The MNT price today is exchanging hands at $1.15, marking a 7.70% intraday decline. Despite this brief dip, the Mantle crypto has managed to retain over 75% of its August rally gains.
Now, this month, its ecosystem growth has accelerated, exchange support has increased, and new institutional opportunities have been opened, which broadly suggests that the MNT price might continue to attract attention from traders and investors alike.
MNT Price Performance and August Rally Delighted Investors
Throughout August, Mantle showcased notable strength from a falling wedge pattern’s breakout, resulting in a gain of 103% with the MNT price USD spiking from $0.70 to $1.41.
However, as the month is about to close, profit-taking emerged, pulling the token slightly lower. Still, the Mantle price chart reflects resilience, as the asset still continues to trade well above its early August levels.
Even with the current intraday decline, MNT has not lost its bullish structure. The fact that MNT/USD retained the majority of its gains suggests that sentiment remains supportive, particularly as the asset consolidates within a tight trading range. If momentum builds again, the next upside target on the chart sits at $2.
ByBit Exchange Growth and Ecosystem Expansion Major Factor For MNT Crypto
Recently, on X, an analyst mentioned one of the most compelling drivers behind the latest bullish MNT price forecast, which comes from its direct connection to Bybit.
As the exchange continues to grow despite its hack in Q1 2025, Mantle crypto benefits directly as its native token. Now, Comparisons from other big players like Binance, which carries a market capitalization above $120 billion, highlight potential upside for Mantle given its current $3.86 billion valuation.
Adding further context, other exchange tokens like HYPE and OKB have recently surged following ecosystem developments, and their price has exploded.
Now analysts are expecting Bybit to release updates and initiatives of some kind that promote it among retail. This speculation remains that Mantle could see a similar rally once fresh news hits the market.
Main Development Of August: Regulatory – Aligned Staking and Potential Institutional Interest
Recently, Santiment Insights Brianq. shared his opinion that Bybit introduced a MiCA-compliant staking framework for MNT in Europe.
This move provides regulated yield opportunities and has been an important bullish factor because it is positioning Mantle as a more accessible and compliant option for both traditional crypto users and investors seeking structured products.
Similarly, another factor was the institutional confidence in MNT crypto, which was further reinforced on August 18, 2025, when Coinbase added Mantle to its derivatives offerings.
The listing of perpetual markets has strengthened the MNT’s credibility in institutional trading circles. This development is also critical for the long-term MNT price prediction narrative as it signals broader market acceptance.