Mantle and Pendle Surge to New Highs | Credit: Veronica Cestari
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Key Takeaways
Mantle (MNT) reached a new all-time high price today.
The PENDLE price has reclaimed the $5 resistance level.
Which of the two altcoins will perform better in September?
Mantle is an Ethereum Layer-2 scaling solution, while Pendle is a Decentralized Finance (DeFi) protocol focused on yield tokenization.
Although Pendle isn’t tied solely to Ethereum, its price often moves in step with it, effectively acting as an Ethereum beta play.
Both tokens saw strong rallies today—Mantle pushed to a new all-time high, while Pendle climbed back above $5.
The key question now is whether these moves have more room to run or if a cooldown is on the horizon.
Mantle Reaches All-Time High
Mantle has staged a dramatic recovery after completing an A-B-C corrective pattern that stretched from March 2024 through July 2025, bottoming out at $0.55.
Wave C formed an ending diagonal, visible both in the sub-wave count (red) and the wedge-shaped structure that defined the decline.
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Since then, MNT has surged more than 200%, breaking out of its long-term descending resistance trend line and pushing past the $1.40 horizontal barrier.
The rally culminated today with a new all-time high of $1.67.
The Relative Strength Index (RSI) is above 70, and the Moving Average Convergence/Divergence (MACD) is positive.
Despite the steep, parabolic rise, momentum indicators show no clear signs of weakness, suggesting Mantle’s bullish run still has fuel left in the tank.
PENDLE’s price completed a similar A-B-C correction between April 2024 and March 2025.
However, that’s when the similarities between the two end.
The PENDLE movement since the bottom has not been parabolic; rather, it is contained inside an ascending parallel channel, usually a sign of a corrective structure.
At the time of writing, PENDLE was attempting to break out above the channel’s midline but was still below its descending resistance trend line.
However, momentum indicators are bullish, as noted by the RSI increase above 50 and the positive MACD.
So, PENDLE’s future trend is less clear than MANTLE’s. To confirm its bullish trend, the PENDLE price must break out from the diagonal resistance (dashed).
Until it does, the possibility of another downward movement remains.
Mantle vs Pendle
Mantle has already broken past resistance and hit a new all-time high, showing strong bullish momentum that could carry it toward $2.14.
Unlike Mantle, PENDLE’s price currently lingers below key resistance and needs confirmation before a clear bullish trend forms.
Mantle looks technically stronger for now, but September’s battle between the two is not over yet.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
