Mantle has expanded its Super Portal to Solana, marking the first time the project’s capital markets infrastructure has been made available on an external chain. The launch went live on Aug. 6 and uses Chainlink’s Cross-Chain Interoperability Protocol, or CCIP, as its security layer.

The rollout coincided with a technical shift in MNT trading. On Aug. 8, the token changed hands at $0.4273, up 2.2% on the day, after moving above a descending trendline that had limited rallies since May.

Breakout follows months of lower highs

According to the source analysis, MNT opened the Aug. 8 session at $0.418 and climbed to $0.4273 while holding its gains. The move pushed price above a long descending trendline formed after the May peak, a level that had linked lower highs through June and July.

Momentum indicators also improved. The relative strength index rose to 56.83, moving above the neutral 50 line for the first time since early June. The chart reportedly showed two bullish RSI divergences, first in May and then again in late July, with the second signal activating alongside the trendline break.

Key levels remain in focus

Despite the breakout, the article noted that all four exponential moving averages were still above spot price. The 20-day EMA at $0.4115 has been reclaimed and is now described as the first support level, while the 50-day EMA at $0.4433 is the nearest resistance and the next level traders were watching for confirmation.

Above that, the 100-day EMA sits at $0.5087 and the 200-day EMA at $0.6295. On the downside, the source identified $0.40 as an important round-number support near the prior trendline area, with the July low around $0.38 acting as the last major floor if the move fades.

Solana launch broadens Mantle’s reach

Mantle said its Super Portal on Solana gives capital deployed on Mantle access to another ecosystem instead of remaining confined to a single chain. The Solana deployment is the first external-chain expansion for the product, with additional chains expected later.

The practical effect, as described in the source, is that Mantle’s capital markets infrastructure can now tap Solana’s liquidity base. Chainlink CCIP secures the integration, and Chainlink Labs Chief Business Officer Johann Eid said the migration underscores the need for secure-by-default infrastructure in cross-chain deployments.

August history is positive on average, but uneven

Seasonality data cited in the report showed August as historically MNT’s second-strongest month, with an average gain of 9.27%. That record, however, is not uniformly strong. The median August performance stands at negative 2.34%, reflecting a wide spread in outcomes across prior years.

The source highlighted a 58.1% August gain in 2025 as the standout result, while 2024 and 2023 posted declines of 16.3% and 13.6%, respectively. MNT was already up 8.91% for August 2026 at the time of publication, following a 38.2% drop in June and a 4.68% decline in July.

Next confirmed step is a close above the 50-day average

The article’s near-term framework centered on whether MNT can hold above the broken trendline and the 20-day EMA at $0.4115. A daily close above the 50-day EMA at $0.4433 was identified as the next confirmation step for the breakout.

In the more constructive scenario outlined by the source, that could open a move toward the 100-day EMA at $0.5087 later in August. If the breakout fails and price loses $0.4115, the focus would likely shift back to $0.40 and then the July low near $0.38. Those scenarios were presented as conditional outlooks rather than confirmed moves.

Source: Coin Edition