Bybit Votes Yes on Mantle Proposal

Bybit CEO Ben Zhou announced the exchange, as the largest holder and backer of Mantle, will vote YES on a critical proposal to aid the ecosystem's recovery. Referencing Bybit's own hack last year where the crypto community rallied support, Zhou emphasized unity in tough times, signaling stronger ties in the crypto industry recovery landscape. This move aligns with ongoing Mantle proposal vote discussions, potentially stabilizing MNT amid volatile markets.

Zooming into the 4-hour chart for MNT, price action clings to $0.65, exactly testing the EMA50 support while eyeing the EMA200 resistance at $0.68 in this bullish trend structure. MACD's golden cross at 0.0 screams continuation potential, but with RSI neutral at 57.89 and price jammed inside Bollinger Bands—upper resistance at $0.65 matching current levels and lower support at $0.63—we're seeing tight confluence that could trigger a quick bounce if buyers defend the band floor, much like the Bitcoin rallies we've tracked over the past six months in similar setups.