Mantle Tumbles Below Key Support as Selling Volume Surges

The cryptocurrency market has experienced a tough week of trading, with Bitcoin [BTC] falling by 8.6% since Monday, June 22, from $65.6k to $60k.

Mantle [MNT] prices have also slid significantly, dropping by 21.6% over the same period, from $0.541 to $0.416.

The daily trading volume of MNT has increased by 44%, indicating heightened selling activity as prices declined lower.

The price drop was influenced by Bitcoin's reaction to macro market news, including rising inflation rates. Data from the Bureau of Economic Analysis showed that the personal consumption expenditures price index (PCE) was up 4.1% year-on-year in May 2026, reaching a 3-year high.

This triggered a sell-off and long liquidations sent prices reeling lower. Mantle's long-term price trend was already bearish, and the recent losses reinforced this bias.