MNT 公牛能否卷土重来？地幔 (MNT) 价格分析

与 Mantle 网络相关的代币 Mantle (MNT) 在本月初出现令人印象深刻的反弹后，最近经历了大幅回调。许多交易者心中的问题是，MNT 能否克服当前的障碍并继续其上升轨迹。

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 日大幅上涨 74% 后，Mantle (MNT) 面临大幅回调，损失了近一半的涨幅。在此期间，该代币从 0.541 美元飙升至 0.94 美元的高点，但未能维持势头导致回调。

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.

随着市场将注意力转向比特币突破 7.5 万美元的水平，像 Mantle 这样的山寨币在维持自身价格上涨方面遇到了挫折。人们对 MNT 的价格走势缺乏信心，引发了人们对其未来超越其他大盘山寨币的能力的质疑。

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.

过去一周，Mantle 区块链上的网络活动明显下降。参与度和需求的下降反映在每日活跃地址的减少上，表明市场兴趣下降。此外，休眠流通量的下降表明长期持有者不会立即面临抛售压力，但也表明缺乏新的兴趣进入市场。

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.

尽管活动减少，Mantle 的开发活动仍然相对较高，这对于长期持有者来说是一个积极的信号。强劲的发展往往是推动长期采用的关键因素，即使面临短期价格下跌，也有助于增强投资者的信心。

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.

对于将 MNT 视为潜在买入机会的交易者来说，技术图表带来了一线希望。自 6 月份以来，该代币的交易价格一直在 0.58 美元至 0.91 美元之间，截至最新数据，其价格徘徊在 0.75 美元的中间水平下方。这可能为那些希望以相对较低的价格进入的人提供潜在的购买机会。

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 美元的水平位于该区间的下限，历史上一直是强有力的支撑区域。只要 Mantle 保持在该水平之上，多头就可以占据优势，并且该代币可能会尝试攀升。

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.

几个关键的链上指标提供了有关 Mantle 未来价格方向的混合信号。 MNT 的 MVRV 比率（市场价值与已实现价值）最近跌至负值，达到 -1.4%。这表明短期持有者处于亏损状态，这通常是市场调整的迹象。网络价值与交易量（NVT）比率（将网络价值与链上交易量进行比较）也一直在波动。最近交易活动的下降导致 NVT 比率上升，表明 Mantle 相对于其链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.

这些混合信号意味着，虽然 Mantle 价格仍可能上涨，但建议谨慎行事。如果 NVT 比率继续走高，则可能表明代币的价格超过其实际网络使用量，这可能会引发价格调整。

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.

展望未来，Mantle 的价格将需要克服几个关键阻力位才能成功复苏。如果该代币能够突破 0.75 美元的中间阻力位，它可能会瞄准 0.91 美元附近的下一个阻力区，而事实证明，最近几周很难突破该阻力位。

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 美元可能为更大幅度的反弹奠定基础，潜在目标为 1.1 美元和 1.45 美元。这些水平可能为投资者提供有吸引力的获利机会，但实现这些目标的道路充满挑战。曼特尔必须首先证明它能够维持势头，并让市场相信最近的回调只是暂时的挫折。