Mantle slides 11%, breaks key support amid panic selling: What’s next?

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Mantle (MNT) fell 11% to a low of $0.54, losing its $0.6 support level. Spot trading volume surged 89% to $48 million, reflecting higher sell-side activity. Open Interest on derivatives dropped 14% to $50 million while Derivatives Volume jumped 210% to $39 million, indicating massive leveraged position unwinding. Spot netflow remained negative, with over $10 million flowing out of exchanges in the last 24 hours. The Relative Strength Index (RSI) fell to 41, signaling strong bearish pressure.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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