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Cryptocurrency News Articles
MNT RSI Touched Strong Oversold Levels After Bybit’s Hack
Feb 22, 2025 at 07:18 pm
Mantle's RSI dropped sharply from 54.7 to 22.9 within a few hours following the Bybit hack, where the North Korean hacking group Lazarus stole $1.5 billion
Mantle (MNT) price has dropped sharply following the Bybit hack, where North Korean hacking group Lazarus stole $1.5 billion, making it the biggest crypto hack ever.
Among the assets stolen was cmETH, a Mantle-based coin providing liquidity for ETH in the MNT ecosystem. This massive outflow of funds triggered panic selling, leading to a significant decline in MNT’s technical indicators.
RSI plummeted to 22.9, showing extreme overselling, while CMF remained deeply negative throughout, indicating sustained selling pressure. As a result, MNT’s EMA lines remained bearish, suggesting persistent downward momentum.
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