Mantle price jumps 6% as MNT eyes a 10% breakout

Mantle price rebounded more than 6% on Aug. 19 as MNT tested a key resistance level near $0.46, while liquidation data pointed to a larger pool of leveraged positions above the market. Summary Mantle price rose 6.6% to approximately $0.455 during the latest daily session. The token is testing Fibonacci resistance at $0.4575 after rebounding from $0.39. Liquidation liquidity is concentrated between $0.46 and $0.49, creating a possible short-squeeze zone. Mantle hosted 155 tokenized equities and more than $1 billion in DeFi TVL by June. Mantle price approaches a breakout level According to data from crypto.news, Mantle (MNT) price traded around $0.455 after rising 6.6% during the daily session shown. The recovery extended a rebound that began after MNT reached approximately $0.39 at the start of August. The token has since formed a series of higher lows and briefly reached $0.467 on Aug. 13. Sellers rejected that advance, but MNT held above $0.42 before returning to the upper end of its recent range. The daily chart places immediate resistance at $0.4575, which matches the 78.6% Fibonacci retracement of MNT’s decline from $0.7149 to $0.3874. A daily close above that level would indic...