Mantle [MNT] ranks among the top daily gainers in the Layer-2 sector, posting a 2.95% gain over 24 hours alongside a 9.6% increase in daily trading volume. The Mean Coin Age has been trending higher since March, signaling accumulation among long-term holders, while the 30-day MVRV reached 2.77%, indicating that short-term holders have turned slightly profitable, which historically triggers profit-taking and selling pressure. Conversely, the 6-month MVRV remains deeply negative, reflecting substantial losses for longer-term holders and a bearish market view where any significant rally is likely to be sold at or near breakeven. On the technical side, the RSI crossed above the neutral-50 zone, suggesting a bullish momentum shift, but the $0.45 resistance zone blocks progress toward Fibonacci retracement targets between $0.515 and $0.550.
Source: Read the original article
