Why is MNT’s price down today? (05/12/2025)

Question

Accepted Answer

## TLDR  
Mantle (MNT) fell 2.97% over the last 24h, underperforming the broader crypto market (-1.31%). While short-term technicals show bearish pressure, mid-term catalysts like strategic partnerships hint at potential recovery.

1. **Market-wide risk-off sentiment** – Crypto Fear & Greed Index at 25 (Extreme Fear).  
2. **Technical breakdown** – Price slipped below critical moving averages ($1.13 SMA 30-day).  
3. **Profit-taking after Aave integration** – Initial bullish reaction faded despite major partnership news.

## Deep Dive  
### 1. Broad Market Weakness (Bearish Impact)  
**Overview:** The total crypto market cap fell 1.31% in 24h (5 Dec 2025), with altcoins particularly pressured as Bitcoin dominance rose to 58.67%. Mantle’s -2.97% drop exceeded the sector average.

**What this means:** In Fear-dominated markets (CMC Fear Index: 25), investors often reduce exposure to mid-cap tokens like MNT first. The 30-day correlation between MNT and ETH stands at 0.89, amplifying downside when Ethereum struggles (-1.8% in 24h).

**What to watch:** Bitcoin’s $86k support – a break could trigger deeper altcoin liquidations.

---

### 2. Technical Breakdown (Bearish Near-Term)  
**Overview:** MNT broke below its 30-day SMA ($1.13) and 200-day EMA ($1.23). The RSI-14 at 43.19 shows room for further downside before oversold conditions.

**What this means:**  
- Bearish confirmation came as price rejected the 50% Fibonacci retracement level ($1.13).  
- Next support at $1.00 (psychological level + 61.8% Fib). A close below could target $0.896 (2025 low).

**What to watch:** MACD histogram turning positive (-0.021 to +0.021) – early sign of momentum shift.

---

### 3. Post-News Profit Taking (Mixed Impact)  
**Overview:** MNT initially rallied on 3 Dec’s Aave-Mantle-Bybit integration news but reversed gains (-3.5% since announcement).

**What this means:**  
- “Buy the rumor, sell the news” dynamics played out despite the partnership’s long-term potential.  
- Aave’s simultaneous proposal to sunset low-revenue chains (unrelated to Mantle) may have created collateral uncertainty.

**What to watch:** AAVE’s performance (+14% since integration) – sustained strength could renew MNT demand.

---

## Conclusion  
Mantle’s dip reflects crypto-wide risk aversion amplified by technical breakdowns and profit-taking after a major catalyst. While bearish momentum dominates short-term charts, the Aave/Bybit partnership (targeting 70M+ users) could stabilize prices if market sentiment improves.

**Key watch:** Can MNT hold $1.00 support alongside Bitcoin’s $86k level? A breach of either could extend losses.

Latest Mantle (MNT) Price Analysis

TLDR

Deep Dive

1. Broad Market Weakness (Bearish Impact)

2. Technical Breakdown (Bearish Near-Term)

3. Post-News Profit Taking (Mixed Impact)

Conclusion

Explore Similar Coins

Ethena

Starknet

Arbitrum

Optimism

Toncoin

Aptos