Mantle (MNT) Downtrend Persists Amid Sell-Off, Possible Rebound to $1.4 Ahead

• MNT reached a swing low of $1.18 after failing to hold $1.58 support.

• The cryptocurrency market lost $100 billion in capitalization, with $1.14 billion in liquidations.

• Technical indicators like CMF and DMI confirm a bearish trend, with potential rebound to $1.4 before further drops.

Mantle price analysis reveals a 5.11% drop amid market turmoil. Discover why MNT is heading toward $1 and what traders should watch next. Stay informed on crypto trends today.

What is Driving the Recent Decline in Mantle (MNT) Price?

Mantle (MNT) price has experienced a sharp downturn, falling 5.11% over the past 24 hours as of November 2025, influenced by heightened volatility in Bitcoin and a widespread market sell-off. This decline pushed MNT to a swing low of $1.18 after it failed to maintain the critical $1.58 support level, which bulls had defended throughout much of October. Trading volume surged by 83%, signaling intense selling activity that exacerbated the downtrend in fearful market conditions.

How Are Technical Indicators Signaling Bearish Momentum for MNT?

Technical analysis from platforms like TradingView shows that the Chaikin Money Flow (CMF) indicator has dipped below -0.05, highlighting significant capital outflows and sustained selling pressure on Mantle (MNT). The Directional Movement Index (DMI) further supports this bearish outlook, with the negative directional indicator (-DI) rising above 20 while the Average Directional Index (ADX) trends upward, confirming a strengthening downtrend on the daily chart. Data from Coinalyze indicates a steady decline in Open Interest (OI), suggesting that speculators are facing liquidations or opting out amid volatility, which adds to the downward pressure. According to market analysts at TradingView, such patterns often precede further corrections unless broader sentiment shifts. Short-term, MNT could test the $1.1 support, a level that previously acted as a rally base in September, while $1.4 emerges as key resistance for any potential bounce.

Source: MNT/USDT on TradingView

The broader cryptocurrency market context plays a pivotal role in MNT’s performance. On November 2, Bitcoin’s rejection at the $116,000 resistance level triggered a cascade effect, wiping out $100 billion from the total market capitalization—a 4% decline overall. This event led to $1.14 billion in position liquidations within 24 hours, predominantly affecting altcoins like Mantle. Sources such as CoinMarketCap report that the Fear & Greed Index has swung into fearful territory, reflecting investor caution that typically amplifies downside moves in tokens tied to Ethereum’s ecosystem, where Mantle operates as a layer-2 solution.

Historically, MNT has shown resilience during market recoveries, but current on-chain metrics from explorers like Etherscan reveal increased transfer volumes paired with declining holder counts, indicating profit-taking by long-term investors. Experts from financial analysis firms, including those cited in reports by Bloomberg, note that such liquidations often create oversold conditions, potentially setting the stage for a relief rally. However, without a Bitcoin stabilization above $100,000, MNT’s path remains precarious, with the $1 psychological level looming as the next major support.

Source: Coinalyze

In terms of fundamentals, Mantle’s network activity has remained steady, with daily active users hovering around previous highs according to data from Dune Analytics. Yet, the token’s price sensitivity to Bitcoin underscores its correlation risks in volatile periods. Traders monitoring futures data from exchanges like Binance observe that long positions are being squeezed, contributing to the 83% volume spike. This environment suggests that while a short-term rebound to the $1.4 supply zone is plausible, the prevailing bearish impulse could dominate, driving MNT closer to $1 if selling persists.

Frequently Asked Questions

Why is Mantle (MNT) price experiencing a downturn right now?

Mantle (MNT) price has dropped due to a market-wide sell-off initiated by Bitcoin’s volatility on November 2, leading to a 5.11% decline in 24 hours. Heavy liquidations totaling $1.14 billion and a surge in trading volume by 83% reflect intense selling, pushing MNT below key supports like $1.58 toward $1.18.

What is the short-term outlook for MNT price movement?

The short-term outlook for MNT price points to a possible bounce back to the $1.4 resistance level before resuming its downward trend. With bearish indicators like declining Open Interest and negative CMF, traders should prepare for potential further losses if $1.1 support fails, though oversold conditions might offer brief relief.

Key Takeaways

• Bearish Technicals Dominate: Indicators such as CMF below -0.05 and rising -DI confirm selling pressure, with MNT eyeing $1.1 support next.
• Market Liquidations Impact: $1.14 billion in wipes across crypto amplified MNT’s 5.11% drop, tied to Bitcoin’s rejection at $116k.
• Potential Rebound Opportunity: Watch for a move to $1.4, but overall sentiment remains fearful—consider risk management in trading strategies.

Conclusion

In summary, the Mantle (MNT) price decline reflects broader crypto market volatility, with technical signals pointing to continued bearish momentum toward $1 unless Bitcoin stabilizes. As fearful sentiment persists, investors should monitor key levels like $1.4 for rebounds and $1.1 for deeper corrections. Staying updated on ecosystem developments could provide edges in navigating this downtrend, positioning for future recoveries in the evolving digital asset landscape.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.