Mantle drops 11.4% to $0.58, loses $0.60 support
- —MNT fell 11.4% daily, low of $0.54, rebounded to $0.58
- —Spot volume rose 89% to $48 million
- —Derivatives open interest dropped 14% to $50 million, derivatives volume up 210%
- —RSI fell to 41 after six straight days of decline
Why it matters: Panic unwinding in derivatives is pressuring MNT; holding the $0.54 support will determine whether price slides toward $0.50.
Source: AMBCrypto