MNT 公牛能否捲土重來？地函 (MNT) 價格分析

與 Mantle 網路相關的代幣 Mantle (MNT) 在本月初出現令人印象深刻的反彈後，最近經歷了大幅回調。許多交易者心中的問題是，MNT 能否克服當前的障礙並繼續其上升軌跡。

After a stellar 74% rally from November 4th to 9th, Mantle (MNT) has faced a sharp pullback, losing nearly half its gains. The token surged from $0.541 to a high of $0.94 during this period, but its failure to sustain momentum has led to a retracement.

在 11 月 4 日至 9 日大幅上漲 74% 後，Mantle (MNT) 面臨大幅回調，損失了近一半的漲幅。在此期間，該代幣從 0.541 美元飆升至 0.94 美元的高點，但未能維持勢頭導致回調。

As the market shifted its focus toward Bitcoin’s breakout past the $75K level, altcoins like Mantle experienced a setback in maintaining their own price rallies. This lack of conviction in MNT’s price action raises questions about its ability to outshine other large-cap altcoins in the future.

隨著市場將注意力轉向比特幣突破 7.5 萬美元的水平，像 Mantle 這樣的山寨幣在維持自身價格上漲方面遇到了挫折。人們對 MNT 的價格走勢缺乏信心，引發了人們對其未來超越其他大盤山寨幣的能力的質疑。

Network activity on the Mantle blockchain has seen a noticeable decline in the past week. This drop in participation and demand is reflected in the reduced daily active addresses, signaling lower market interest. Furthermore, the decline in dormant circulation suggests that there’s no immediate selling pressure from long-term holders, but it also indicates a lack of new interest entering the market.

過去一周，Mantle 區塊鏈上的網路活動明顯下降。參與度和需求的下降反映在每日活躍地址的減少上，顯示市場興趣下降。此外，休眠流通量的下降表明長期持有者不會立即面臨拋售壓力，但也表明缺乏新的興趣進入市場。

Despite the reduced activity, Mantle’s development activity has remained relatively high, which is a positive sign for long-term holders. Strong development is often a key factor in driving long-term adoption and can help bolster investor confidence even in the face of short-term price setbacks.

儘管活動減少，Mantle 的開發活動仍然相對較高，這對於長期持有者來說是一個積極的信號。強勁的發展往往是推動長期採用的關鍵因素，即使面臨短期價格下跌，也有助於增強投資者的信心。

For traders who are considering MNT as a potential buying opportunity, the technical chart offers a glimmer of hope. The token has been trading within a range between $0.58 and $0.91 since June, and as of the latest data, it was hovering just below the mid-range level of $0.75. This could offer a potential buying opportunity for those looking to enter at a relatively lower price point.

對於將 MNT 視為潛在買入機會的交易者來說，技術圖表帶來了一線希望。自 6 月以來，該代幣的交易價格一直在 0.58 美元至 0.91 美元之間，截至最新數據，其價格徘徊在 0.75 美元的中間水平下方。這可能為那些希望以相對較低的價格進入的人提供潛在的購買機會。

Moreover, the $0.668 level, which sits at the lower end of the range, has historically acted as a strong support zone. As long as Mantle holds above this level, bulls could have the advantage, and the token could attempt to climb higher.

此外，0.668 美元的水平位於該區間的下限，歷史上一直是強有力的支撐區域。只要 Mantle 保持在該水平之上，多頭就可以佔據優勢，並且該代幣可能會嘗試攀升。

Several key on-chain metrics are providing mixed signals about Mantle’s future price direction. The MVRV ratio (Market Value to Realized Value) for MNT recently dipped into negative territory, reaching -1.4%. This suggests that short-term holders are at a loss, which is often a sign of market correction. The Network Value to Transactions (NVT) ratio, which compares the network’s value to the on-chain transaction volume, has also been fluctuating. The recent decline in transaction activity has caused the NVT ratio to rise, indicating that Mantle could be becoming overvalued relative to its on-chain volume.

幾個關鍵的鏈上指標提供了有關 Mantle 未來價格方向的混合訊號。 MNT 的 MVRV 比率（市值與已實現價值）最近跌至負值，達到-1.4%。這表明短期持有者處於虧損狀態，這通常是市場調整的跡象。網路價值與交易量（NVT）比率（將網路價值與鏈上交易量進行比較）也一直在波動。最近交易活動的下降導致 NVT 比率上升，表明 Mantle 相對於其鏈上交易量可能被高估。

These mixed signals mean that while Mantle could still see upward price movement, caution is advised. If the NVT ratio continues to trend higher, it could suggest that the token’s price is outpacing its actual network usage, which might trigger a price correction.

這些混合訊號意味著，雖然 Mantle 價格仍可能上漲，但建議謹慎行事。如果 NVT 比率繼續走高，則可能表示代幣的價格超過其實際網路使用量，這可能會引發價格調整。

Looking ahead, Mantle’s price will need to overcome several key resistance levels in order to mount a successful recovery. If the token can break through the mid-range resistance level at $0.75, it could target the next resistance zone around $0.91, which has proven difficult to surpass in recent weeks.

展望未來，Mantle 的價格將需要克服幾個關鍵阻力位才能成功復甦。如果該代幣能夠突破 0.75 美元的中間阻力位，它可能會瞄準 0.91 美元附近的下一個阻力區，而事實證明，最近幾週很難突破該阻力位。

A rise above $0.91 could set the stage for a more substantial rally, with potential targets at $1.1 and $1.45. These levels could offer attractive profit-taking opportunities for investors, but the path to these targets is fraught with challenges. Mantle must first prove that it can sustain momentum and convince the market that the recent pullback was merely a temporary setback.

升破 0.91 美元可能為更大的反彈奠定基礎，潛在目標為 1.1 美元和 1.45 美元。這些水平可能為投資者提供有吸引力的獲利機會，但實現這些目標的道路充滿挑戰。曼特爾必須先證明它能夠維持勢頭，並讓市場相信最近的回檔只是暫時的挫折。