Here’s why MNT’s short-term holders turning profitable risks a breakeven sell-off

Mantle [$MNT] has emerged as one of the highest daily gainers in the Layer-2 sector. At the time of writing, the altcoin was up 2.95% in 24 hours, with a 9.6% boost to daily trading volume as well.

These gains were just the latest in $MNT’s short-term uptrend though. In fact, the altcoin is about to have five green days of trading, rallying by 7.71% since 4th August.

Is this the beginning of a bullish $MNT turnaround?

The Mean Coin Age measures the average number of days all tokens have stayed in their current wallets. Rising trends indicate accumulation and long-term holders remaining strong, while sharp drops signal distribution.

Mantle saw distribution phases in 2025 and early 2026, but the Mean Coin Age has been trending higher since March. The Age Consumed metric saw few notable spikes since then, supporting this idea.

The 30-day holder MVRV rose to 2.77% to signal these holders were, on average, at a slight profit. An uptick in short-term holder profitability can lead to profit-taking and selling pressure, as seen in May and early July.

Meanwhile, the 6-month MVRV was well below zero at press time. This showed that longer-term holders were still faced with severe losses. Additionally, this highlighted a pessimistic $MNT market view as sizeable price rallies will likely be sold at or near breakeven by these holders.

Mantle price trends align with on-chain expectations

A bearish structure break on the 1-day timeframe, made in June, saw Mantle’s price fall to a swing low of $0.386. The recent upward momentum has been a result of a recovery from these bearish depths. Even so, the overall trend remains downward.

The OBV has been rising slowly, just like the A/D, to signal some buying pressure over the past month. The RSI crossed over above neutral-50 to indicate a bullish momentum shift.

If this momentum is maintained, it is possible that Mantle bulls could drive a rally as high as $0.515-$0.550, the key Fibonacci retracement levels overhead.

The $0.45-supply zone sits close to the market price and could offer stubborn opposition to any gains.

A strong hike in trading volumes and a potential Bitcoin move beyond the $67K local resistance could help sway $MNT sentiment bullishly.

Final Summary

• The Mean Coin Age uptrend since March hinted at accumulation among long-term holders.
• The $0.45 supply zone is an imminent bearish bastion to watch.