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Cryptocurrency News Articles
Mantle's $400M MI4 Fund Ignites Bullish Outlook for MNT
May 16, 2025 at 01:30 am
Mantle (MNT) is back in the spotlight after the Mantle Treasury allocated $400 million to the newly launched Mantle Index Four (MI4) Fund.
Mantle (MNT) is back in the spotlight as the Mantle Treasury allocated $400 million to the newly launched Mantle Index Four (MI4) Fund.
This move reinforces Mantle’s position in decentralized Finance, which is gaining serious attention following the recent setbacks faced by institutions in the traditional market.
The fund, which will provide exposure to Bitcoin, Ethereum, Solana, and stablecoins, was formed in partnership with tokenization firm Securitize, aiming to keep liquidity on-chain.
This decision was approved by Mantle DAO at the monthly Snapshot vote, rendering it the final step in setting up the fund.
Following the announcement, MNT climbed from $0.68 to $0.70. Although still down 16% for the month and trading at $0.698 at the time of writing, analysts suggest that holding above the 100-day moving average could drive MNT toward $0.78 or $0.83.
If it manages to clear the strong resistance band between $1.30 and $1.40, the path to $5 becomes more realistic in 2025.
However, if it fails to maintain support at $0.60, the bearish case unfolds with a move toward $0.40 or lower on a closing basis.
On the other hand, Cronos (CRO) saw a temporary lift to $0.095 on news of a new ETF collaboration between Trump Media and Crypto.com.
But this momentum quickly cooled, and CRO has since fallen to around $0.089, with indicators such as the Awesome Oscillator and Parabolic SAR suggesting a bearish outlook.
Also, considering that the price is now testing the lower Fib on the 4H chart, we might expect some bounce to occur.
Additionally, the price broke out of the lower Bollinger Bands on the 4H chart, which is another bullish signal.
Overall, the short-term trend is bearish, but if the buyers manage to push the price above the 200-period MA on the 4H chart, then the long-term trend could turn bullish.
If CRO manages to break out of the immediate resistance between $0.092 and $0.10, it could rally further toward $0.13.
However, if it fails to hold support above $0.082 and the lower Fib, it risks sliding toward $0.068.
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Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Ethereum (ETH) Price Dips 3% to Hit $2,520, Bullish Territory, with Strong Institutional Accumulation Signals Strengthening Key Support Levels.
- May 16, 2025 at 10:45 am
- Ethereum (ETH) found support amid a tame altcoin market trend on Thursdsy. While the likes of Cardano (ADA) and Solana (SOL) posted 4% losses apiece ETH managed to limit lossses to 3.2% on the day.
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