Mantle and Bybit Collaborate to Launch USDT0, Tether's Omnichain Version of USDT Stablecoin, on the Largest Exchange Network
Bybit and USDT0 Integration: Bybit has announced support for USDT0 deposits and withdrawals on the Mantle Network, making it one of the first exchanges to facilitate cross-chain USDT0 transactions, thereby enhancing liquidity infrastructure for stablecoins.
USDT0 Features: USDT0 serves as a unified liquidity layer across multiple networks, utilizing LayerZero's OFT standard for efficient mint-and-burn transfers, which simplifies user experience by eliminating the need for complex bridging.
Mantle Network's Role: Mantle Network is positioned as a leading Layer 2 solution optimized for stablecoin transactions and cross-chain flows, providing a gateway for institutional capital and enhancing access to decentralized finance (DeFi) applications.
Strategic Industry Shift: The collaboration among Tether, Mantle, and Bybit reflects a broader trend towards unified cross-chain stablecoin standards and advanced Layer 2 infrastructure, aimed at improving capital movement and accessibility in on-chain finance.
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Technical Analysis for MNT
Technical Sentiment Analysis for Mantle (MNT) As of , Mantle (MNT) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MNT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MNT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Mantle (MNT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.281 | 0.403 | 0.538 | 0.659 | 0.794 | 0.916 | 1.051 |
| Fibonacci | 0.403 | 0.501 | 0.561 | 0.659 | 0.757 | 0.818 | 0.916 |
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