Mantle Token (MNT) Records Double-Digit Surge, Giving It the Highest 24-Hour Gains Among the Top 100 Cryptocurrencies

After U.S. President Donald Trump issued an executive order endorsing cryptocurrencies, there has been a robust bullish recovery in the market.

The price of the Mantle token has experienced a significant surge, rising by over 12% in the last 24 hours and showcasing a bullish trend. With this surge, MNT has become the cryptocurrency with the highest 24-hour gains among the top 100 cryptocurrencies.

However, the broader cryptocurrency market displayed mixed signals on Monday morning as the bulls encountered resistance at crucial price points. Despite a robust bullish recovery in the market following U.S. President Donald Trump's executive order endorsing cryptocurrencies, some altcoins experienced a price decrease.

The price of bitcoin dropped by 0.38% to reach $22,800. On the other hand, the second-largest cryptocurrency, Ether, experienced a gain of 0.07% and reached $3,000. Additionally, the meme coin shiba inu dropped by 3.23% to reach $0.00004.

The price of the MNT coin surged astronomically, but it seems to be slowing down. After a surge of over 34% last week, the price of the Mantle token has dropped by about 1.2% in the last 24 hours. At the beginning of the day, the price of MNT was around $1.22.

However, the price of the MNT coin has surged by over 34% in the last seven days and is currently trading at a price of $1.21 with a 24-hour trading volume of $224,547,703. The price of the MNT coin has surged by over 10% in the last hour, indicating a rapid increase in buying pressure.

The price of the Mantle token has dropped significantly from its all-time high of $2.44, which it attained on April 14. After reaching this peak, the price of the MNT coin has decreased by about 50%.

However, despite this decrease, the price of the Mantle token has surged by over 244% in the last 90 days. This showcases a strong bullish trend for the altcoin.

The price of the MNT coin might continue to rise if the bulls maintain their grip on the market and propel the price past its key resistance levels. However, if the bears return, the price of the MNT coin might fall back to its crucial support levels.