Mantle Price Breaks Out of Channel, Targets $0.90

Mantle's price has broken out of a months-long descending channel, sending the token back into focus among traders.

The breakout comes as on-chain adoption and capital deployment accelerate for Mantle. The network now boasts 7.7 million unique Mainnet addresses in August, representing a significant increase from previous periods.

This growth is accompanied by substantial assets secured across native network vaults, reaching above $800 million, an increase of more than 54% year-to-date. Tokenized active strategies on the network have also reached over $116.4 million, highlighting the platform's real-world asset segment.

The recent whale activity further supports this momentum, with a large wallet purchasing approximately 1 million MNT for $518,330 and 100,000 LINK for $1.16 million within the same period.