Mantle has continued to rebound recently, rising from around $0.39 at the beginning of August to $0.576. As prices have increased, the outflow from exchanges has exceeded the inflow, indicating that some tokens are leaving the trading platform, and the selling pressure in the market has slowed down temporarily.
Exchange flows have turned into net outflows.
The article mentions that this round of increase in August occurred simultaneously with changes in the flow of tokens on exchanges. More Mantle tokens were transferred out of exchanges rather than into them, which usually indicates a reduction in short-term tradable tokens and also reflects an increased willingness to hold them.
If this trend continues in September, the price of Mantle may continue to rise. The subsequent target ranges mentioned in the text include $0.71 and $0.86; if it can hold at these levels, even higher prices could come into consideration for the market.
On-chain activity has seen a concurrent increase.
In addition to exchange data, the Mantle network's activity is also on the rise. The number of active addresses per day continues to increase, reflecting a higher frequency of network usage.
At the same time, network growth and the number of transactions are also increasing. Several indicators have improved in the same direction, indicating that this round of upward movement is not driven solely by short-term capital flows; there is also a certain level of on-chain usage support behind it.
September becomes the observation window for the next phase.
Relying solely on increased outflows is not sufficient to drive prices upward continuously; the future still depends on whether new demand can absorb market supply. If selling pressure increases again, prices may fall back.
The article mentions that the focus will first be on the $0.51 level below. If this level is lost, the area around $0.40 may once again become a support zone. Overall, Mantle is still in a relatively strong state at present, and changes in demand in September will become the focus of the next step.
