Mantle's native token, MNT, has extended its recovery, climbing roughly 13% over the past week to trade near $0.46 on August 13. The move follows a broader rebound from early August lows, with the token now at its highest level since late June.
According to CoinGecko, MNT was up about 5.5% in the last 24 hours and 13.2% over seven days, after dipping to around $0.40 earlier in the week. The rally has been accompanied by renewed interest in Mantle's real-world asset (RWA) strategy, which aims to bring traditional financial products onchain.
Jersey Mike's tokenized listing
A key catalyst came on August 11, when Mantle announced that tokenized exposure to Jersey Mike's $7.3 billion listing had gone live on its network. The tokenized asset, JMKEx, offers eligible users blockchain-based exposure to the newly listed company, with trading available around the clock via Fluxion's Atomic RFQ and automated market maker infrastructure. xStocks tokenized the asset.
Mantle described the Jersey Mike's listing as the largest US consumer initial public offering of 2026. The launch ties Mantle's RWA push to a major US equity, a segment that has been gaining traction in crypto markets. Mantle also indicated that additional major listings are expected later in 2026, potentially broadening the range of traditional assets available on its network.
Price action and technicals
MNT's price action has strengthened alongside these developments. After trading near $0.40 on August 7, the token climbed steadily, breaking above $0.45 on August 11 before a brief pullback. On August 13, it surged toward $0.47 before settling around $0.46.
On the daily chart, MNT has formed a base around $0.39 and has posted a series of higher closes. The token is currently trading above the upper Donchian Channel boundary near $0.4582, a signal that it has broken out of its recent range. A daily close above this level would confirm the breakout, while losing it could put the previous consolidation area back in play.
The Aroon indicator shows strong upward momentum, with Aroon Up at 92.86% and Aroon Down at 7.14%, indicating that MNT recently recorded a new high within the lookback period. As long as this gap persists, the trend is likely to continue.
The first resistance lies at $0.47, which MNT has already tested. A sustained move above that level could open the door to the psychological $0.50 mark, a region that also aligns with the June selloff area. On the 4-hour chart, the Supertrend indicator has flipped bullish, with support near $0.4374, while the Money Flow Index stands at 64.20, suggesting buying pressure remains intact.
Whether MNT can push to $0.50 will depend on its ability to hold these reclaimed levels and attract further volume. The token's RWA narrative, combined with the Jersey Mike's listing, provides a fundamental backdrop, but technical resistance remains a key hurdle.
This article is for informational purposes only and does not constitute financial advice.
