Driven by both macro sentiment recovery and the launch of the xStocks protocol, MNT has benefited in the short term from the rebound in market risk appetite. However, expectations of a high interest rate by the Federal Reserve, combined with profit-taking pressures, have capped the price at the $0.68 resistance level, with the $0.65 support area repeatedly tested. It is recommended to monitor Fed policy signals and ecosystem capital inflows. If the price stabilizes effectively above $0.68, consider increasing exposure, with a mid-term target of $0.70. If the $0.65 support fails, strict stop-loss should be implemented to manage downside risks.

Recently, easing tensions in the Middle East and a rebound in US stocks have driven Bitcoin sharply higher, leading to a significant increase in market risk appetite. As a small-cap token, MNT has shown a tendency to follow this upward trend. From April 9 to 10, MNT’s price soared from $0.6656 to as high as $0.6928, an intraday gain of 4%. Trading volume expanded in tandem, with active short-term buying, indicating that MNT’s sentiment has clearly benefited from the macro catalysts, with short-term bullish sentiment prevailing.

Bitcoin surged past $72,000, rising about 3% to approximately $72,300, driven by easing tensions in the Middle East. Israeli Prime Minister Netanyahu reportedly initiated talks with Lebanon, supported by Trump's call for reduced Israeli military actions to maintain a ceasefire. Bitcoin's 24-hour gain of around 2% outpaced other major cryptocurrencies and coincided with a rebound in U.S. stocks and a drop in oil prices. Bitcoin is increasingly decoupling from tech stocks, influenced more by geopolitical and risk-averse factors.

Analysis: Bitcoin breaks through $72,000, Middle East ceasefire expectations boost market sentiment.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

The Mantle network has launched the xStocks tokenized stock protocol, offering users 24/7 US stock token trading, marking a new stage in ecosystem expansion. From a value perspective, this feature is expected to attract more DeFi users and market makers, enhancing network liquidity and transaction fee revenue. However, looking at price action since its launch, MNT maintained high trading volume on the first day but then saw profit-taking and a brief pullback, suggesting that the short-term liquidity digestion will be accompanied by increased volatility.

Mantle has launched the tokenized stock protocol xStocks on its network, supported by Backed and Flowdesk. Users can trade 10 US stock tokenized assets, such as Tesla, Nvidia, Apple, and Meta, 24/7 via Fluxion.

Mantle ecosystem launches tokenized stock protocol xStocks

With the Federal Reserve reiterating its stance on maintaining high interest rates, risk assets came under pressure and pulled back. On April 14, MNT’s price quickly fell from a high of $0.6878 to $0.6544, a single-day drop of over 4.9%. Technically, the $0.65 level has been tested multiple times and held as support, while $0.68 acts as the dividing line between bulls and bears. If macro pressures ease and a valid breakout occurs, a return to the upper boundary of the consolidation range is expected; otherwise, there is a risk that the $0.65 support may be further breached.

Mantle

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

The reopening of the Strait of Hormuz boosts the crypto market, with Bitcoin breaking through $77,000 and major altcoins rising in sync.

The probability of a Federal Reserve rate cut in June has risen to 7.1%, while the probability of maintaining the current rate stands at 92.4%.

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Mantle Price: MNT Live Price Today | MNT Market Cap & Chart Analysis | Bybit-eu

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MNT price today is 0.69, with a live price change of 3.76 in the last 24 hours. Convert, buy, sell and trade MNT on Bybit-eu.

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