Woofun AI reports that Mantle (MNT) has fractured below its long-term support structure as a 44% surge in selling volume accelerates a broader market correction. The asset has lost 21.6% since June 22, significantly outpacing the 8.6% decline seen in Bitcoin during the same window.

Bitcoin retreated from $65,600 to nearly $60,000, dragging the altcoin sector lower, yet Mantle suffered a steeper trajectory from $0.541 to approximately $0.416. In the last 24 hours alone, MNT shed almost 10% while daily trading volume expanded by 44%, signaling heightened conviction among sellers rather than mere volatility.

Macroeconomic headwinds further exacerbated the sell-off. The Bureau of Economic Analysis released data showing the Personal Consumption Expenditures Price Index rose 4.1% year over year in May 2026, the highest reading in three years. This inflation spike prompted investors to reduce risk exposure, triggering heavy selling and accelerated long liquidations across the sector.

Structurally, the weekly chart confirms a breakdown of the $0.55 support zone that buyers had defended since early 2024. The Relative Strength Index currently sits at 32.7, indicating significant downward momentum while remaining just above oversold territory. This breach marks the first time MNT has traded below this critical level in months.

Shorter timeframes reveal a confirmed bearish swing structure after price pierced the previous low near $0.506 on June 24.

Woofun AI data shows the On Balance Volume indicator has dropped sharply, confirming aggressive distribution despite the four-hour RSI reaching deeply oversold levels. While a relief rally may emerge as sellers take profits, technical analysis identifies the Fibonacci golden pocket between $0.526 and $0.556 as the primary resistance zone. This breakdown represents a critical shift in market sentiment for the asset.