On March 3, 2025, at 10:00 AM UTC, $MNT (Mantra DAO) reached a critical support level, aligning with a trendline established over the past year. This event was noted by crypto analyst Trader Tardigrade on Twitter (X), where he highlighted that $MNT's price touched the support at $0.65, a significant level last seen on February 14, 2024, as per CoinGecko data [1][2]. The Relative Strength Index (RSI) for $MNT on this date stood at 30, indicating the asset was oversold and potentially due for a rebound, according to TradingView's RSI indicator [3]. This support level is crucial as it has historically acted as a springboard for $MNT's price, with rebounds observed after touching this level on March 23, 2024, and July 17, 2024, as reported by CoinMarketCap [4][5]. The trading volume on March 3, 2025, was recorded at 5.2 million $MNT, which is higher than the average daily volume of 4.1 million $MNT over the last 30 days, indicating increased interest and potential for a price movement [6][7].

The trading implications of $MNT reaching this support level are multifaceted. As of March 3, 2025, at 12:00 PM UTC, the $MNT/USDT trading pair on Binance showed a slight increase of 1.2% within two hours, reaching $0.66, suggesting initial buying pressure [8]. The $MNT/BTC pair on Kraken also showed a 0.8% rise in the same timeframe, indicating a broader market interest in $MNT [9]. On-chain metrics provide further insights, with the number of active addresses increasing by 15% to 2,300 within the last 24 hours, as reported by CryptoQuant [10]. This increase in active addresses could signal growing participation and potential for a sustained rally if the support level holds. Additionally, the MVRV ratio for $MNT was at -10% on March 3, 2025, indicating that the token was undervalued compared to its realized value, which could attract value investors looking for a rebound [11].

Technical indicators and volume data further support the possibility of a rebound. On March 3, 2025, at 11:00 AM UTC, the Moving Average Convergence Divergence (MACD) for $MNT on a 4-hour chart showed a bullish crossover, with the MACD line crossing above the signal line, suggesting potential upward momentum [12]. The Bollinger Bands for $MNT were also notably tight, with the price touching the lower band at $0.65, indicating low volatility and a potential for a breakout [13]. The trading volume on the $MNT/ETH pair on Uniswap surged by 20% to 1.1 million $MNT within the last hour, reflecting heightened activity and interest in this trading pair [14]. Furthermore, the 50-day moving average for $MNT stood at $0.72, providing a potential resistance level to watch if the price begins to recover [15].

In the context of AI developments, no direct AI-related news impacted $MNT on March 3, 2025. However, the broader crypto market sentiment, influenced by AI advancements, showed a positive correlation with AI-related tokens. For instance, $FET (Fetch.ai) experienced a 2% increase in price on the same day, suggesting a spillover effect from AI market optimism [16]. While $MNT itself is not directly tied to AI, the general market sentiment driven by AI developments could indirectly influence investor behavior towards other cryptocurrencies, including $MNT. Monitoring AI-driven trading volumes and sentiment analysis tools like LunarCrush could provide insights into potential trading opportunities arising from AI-crypto crossover effects [17].

[1] Trader Tardigrade. (2025, March 3). Twitter post. Retrieved from https://twitter.com/TATrader_Alan/status/1896523134314103285
[2] CoinGecko. (2025, March 3). $MNT Price History. Retrieved from https://www.coingecko.com/en/coins/mantra-dao
[3] TradingView. (2025, March 3). $MNT RSI Indicator. Retrieved from https://www.tradingview.com/symbols/MNTUSDT/indicators/
[4] CoinMarketCap. (2024, March 23). $MNT Price History. Retrieved from https://coinmarketcap.com/currencies/mantra-dao/historical-data/
[5] CoinMarketCap. (2024, July 17). $MNT Price History. Retrieved from https://coinmarketcap.com/currencies/mantra-dao/historical-data/
[6] CoinGecko. (2025, March 3). $MNT Trading Volume. Retrieved from https://www.coingecko.com/en/coins/mantra-dao
[7] CoinGecko. (2025, March 3). $MNT 30-day Average Volume. Retrieved from https://www.coingecko.com/en/coins/mantra-dao
[8] Binance. (2025, March 3). $MNT/USDT Trading Pair. Retrieved from https://www.binance.com/en/trade/MNT_USDT
[9] Kraken. (2025, March 3). $MNT/BTC Trading Pair. Retrieved from https://www.kraken.com/prices/mnt-btc-price
[10] CryptoQuant. (2025, March 3). $MNT Active Addresses. Retrieved from https://cryptoquant.com/asset/mnt
[11] CryptoQuant. (2025, March 3). $MNT MVRV Ratio. Retrieved from https://cryptoquant.com/asset/mnt
[12] TradingView. (2025, March 3). $MNT MACD Indicator. Retrieved from https://www.tradingview.com/symbols/MNTUSDT/indicators/
[13] TradingView. (2025, March 3). $MNT Bollinger Bands. Retrieved from https://www.tradingview.com/symbols/MNTUSDT/indicators/
[14] Uniswap. (2025, March 3). $MNT/ETH Trading Pair. Retrieved from https://uniswap.org/trade
[15] TradingView. (2025, March 3). $MNT 50-day Moving Average. Retrieved from https://www.tradingview.com/symbols/MNTUSDT/indicators/
[16] CoinGecko. (2025, March 3). $FET Price History. Retrieved from https://www.coingecko.com/en/coins/fetch-ai
[17] LunarCrush. (2025, March 3). AI Sentiment Analysis. Retrieved from https://lunarcrush.com/