Bybit Adds USDT0 on Mantle to Enhance Cross-Chain Stablecoin Liquidity
Bybit's USDT0 Integration: Bybit has launched support for USDT0 deposits and withdrawals on the Mantle Network, enhancing cross-chain stablecoin transfers and establishing Mantle as a leading Layer 2 network by total value locked (TVL).
Seamless Cross-Chain Transfers: The integration allows users to deposit and withdraw USDT0 with zero fees initially, providing a centralized liquidity hub while maintaining direct access to on-chain applications and cross-chain activities.
Liquidity Unification: USDT0 utilizes a mint-and-burn model to ensure a 1:1 backing and eliminate liquidity fragmentation, promoting a standardized cross-chain stablecoin ecosystem.
Strategic Collaborations: Bybit's partnership with Mantle and USDT0 reflects a growing trend towards interoperability in stablecoins and includes a collaboration with Taxbit for improved tax reporting and compliance for users.
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Technical Analysis for MNT
Technical Sentiment Analysis for Mantle (MNT). As of , Mantle (MNT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 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 crypto.
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 | 0.568 | 0.616 | 0.652 | 0.7 | 0.736 | 0.784 | 0.82 |
| Fibonacci | 0.616 | 0.648 | 0.668 | 0.7 | 0.732 | 0.752 | 0.784 |
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