Mantle Price Jumps as Blockworks Dashboard Unveils Network Growth
The Mantle network has seen its price increase following the launch of a real-time data dashboard on Blockworks. The platform now tracks Mantle's financials, tokenized assets, and DeFi activity, with impressive numbers. Total value secured on the network has risen to $1.42 billion from $330 million in 2023.
The new dashboard highlights some significant milestones for Mantle: 256 million cumulative transactions, 840 tokenized assets worth over $290 million, and a stablecoin circulating supply of more than $543 million.
The market has taken notice of these expanding network metrics, leading to a positive reaction in the price of Mantle. The token has flipped its 50-day EMA band, trading at around $0.4522. However, the next resistance level is the 200-day EMA at approximately $0.60.
While this recovery appears promising, crypto markets often ignore fundamentals until they no longer can. If the current momentum loses steam and Mantle's price falls below its recent structure, the key downside area becomes $0.38. A deeper decline is possible if that level fails.