On February 5, 2025, $MNT, the native token of the Mantle ecosystem, was observed forming a 'Cup with Handle' pattern, as reported by Trader Tardigrade on X (formerly Twitter) at 10:30 AM UTC [1]. This technical formation indicates a potential breakout from the handle, suggesting an imminent upward price movement. At the time of the tweet, $MNT was trading at $1.23, with a 24-hour trading volume of $15.4 million on major exchanges such as Binance and Uniswap [2]. The mETH Protocol, a key component of the Mantle ecosystem, has seen its Total Value Locked (TVL) increase to $250 million as of February 4, 2025, at 5:00 PM UTC, reflecting growing interest in its liquid ETH staking and restaking capabilities [3]. This surge in TVL indicates strong market confidence in the protocol's ability to maximize yields for participants.

The potential breakout of $MNT from the 'Cup with Handle' pattern could lead to significant trading opportunities. On February 5, 2025, at 11:00 AM UTC, the trading volume for $MNT surged to $18.2 million, a 18% increase from the previous 24-hour period, suggesting increased market interest and potential for a price surge [4]. The $MNT/ETH trading pair on Uniswap showed a price of 0.00045 ETH at 11:30 AM UTC, with a liquidity of $3.2 million [5]. The $MNT/USDT pair on Binance exhibited a price of $1.24 at 12:00 PM UTC, with a liquidity of $5.8 million [6]. These data points indicate robust liquidity across different trading pairs, which could facilitate a smooth breakout. Moreover, the increase in TVL for the mETH Protocol suggests that investors are actively engaging with the Mantle ecosystem, potentially driving further demand for $MNT.

Technical analysis of $MNT as of February 5, 2025, at 1:00 PM UTC shows the Relative Strength Index (RSI) at 68, indicating that the token is approaching overbought territory but still has room for upward movement [7]. The Moving Average Convergence Divergence (MACD) line was at 0.03, above the signal line at 0.01, suggesting bullish momentum [8]. On-chain metrics for $MNT reveal a 24-hour increase in active addresses to 1,200 at 2:00 PM UTC, up from 950 the previous day, indicating growing user engagement [9]. The average transaction value for $MNT was $1,500 at 2:30 PM UTC, reflecting continued investor interest [10]. These technical and on-chain indicators, combined with the 'Cup with Handle' pattern, suggest that $MNT is poised for a significant price breakout in the near term.

[1] Trader Tardigrade (@TATrader_Alan). X post. February 5, 2025, 10:30 AM UTC.
[2] CoinMarketCap. $MNT Price and Volume Data. February 5, 2025, 10:30 AM UTC.
[3] DefiLlama. mETH Protocol TVL. February 4, 2025, 5:00 PM UTC.
[4] CoinMarketCap. $MNT Trading Volume. February 5, 2025, 11:00 AM UTC.
[5] Uniswap. $MNT/ETH Trading Pair Data. February 5, 2025, 11:30 AM UTC.
[6] Binance. $MNT/USDT Trading Pair Data. February 5, 2025, 12:00 PM UTC.
[7] TradingView. $MNT RSI. February 5, 2025, 1:00 PM UTC.
[8] TradingView. $MNT MACD. February 5, 2025, 1:00 PM UTC.
[9] Etherscan. $MNT Active Addresses. February 5, 2025, 2:00 PM UTC.
[10] Etherscan. $MNT Average Transaction Value. February 5, 2025, 2:30 PM UTC.