In a notable turn of events in the cryptocurrency market, Mantle (MNT) achieved a remarkable new all-time high today, signaling strong bullish momentum. Meanwhile, Pendle (PENDLE) successfully reclaimed the $5 resistance level, sparking interest in which altcoin may outperform the other as September unfolds.
Mantle operates as an Ethereum Layer-2 scaling solution, whereas Pendle focuses on Decentralized Finance (DeFi) and yield tokenization. Despite their different functionalities, Pendle’s price movements are often closely aligned with Ethereum, making it a notable player in the broader market.
The price trajectory of both tokens showed considerable strength today. Mantle experienced a notable surge, bouncing back significantly from a correction phase that started in March 2024 and extended into July 2025, with a low point at $0.55. The recovery has been spectacular, with MNT skyrocketing over 200% after breaking through long-term resistance levels, culminating in a new all-time high at $1.67.
Technical analyses show that Mantle is currently in a powerful bullish phase, with the Relative Strength Index (RSI) exceeding 70 and positive signals from the Moving Average Convergence Divergence (MACD). This indicates that despite the impressive leap, there are no immediate signs of a trend reversal, suggesting that Mantle could have further upward momentum.
On the other hand, Pendle has also been making headway but in a more restrained manner. Its price, which also underwent an A-B-C corrective phase reminiscent of Mantle’s journey, has not exhibited the same parabolic price movements. Instead, PENDLE’s recovery has remained within an ascending parallel channel. At press time, it appeared poised to break above the channel’s midline, although it remained tethered beneath a descending resistance trend line.
Similarly, momentum indicators for Pendle are showing signs of bullish potential, with the RSI climbing above 50 and a positive MACD. However, for a confirmed bullish trajectory, Pendle must break through its diagonal resistance levels. Until such a breakout occurs, the prospects for another decline cannot be completely ruled out.
In the ongoing comparison between the two altcoins, Mantle stands at a technical advantage with its recent breakout and new all-time high, suggesting potential further gains up to around $2.14. Conversely, Pendle still lingers below significant resistance, necessitating confirmation of a bullish trend before it can securely join Mantle in upward momentum.
As the month progresses, anticipation builds among investors about which of the two altcoins will establish a more robust footing in the market. The dynamics between Mantle and Pendle will be closely watched as September unfolds, potentially leading to significant volatility within the altcoin space.
