Binance Confirms Backing for MANTRA (OM) and MultiversX (EGLD) Network Enhancements
Network Upgrades Announcement: Binance is set to support network upgrades for MANTRA (OM) and MultiversX (EGLD) this week, with trading activity remaining unaffected while deposits and withdrawals will be temporarily paused.
Impact on Market Sentiment: The upgrades aim to enhance network performance and could potentially shift investor sentiment, as both projects have experienced prolonged price stagnation in 2025.
Price Analysis for OM: MANTRA (OM) has seen a significant price decline, currently trading at $0.116, with weak buying pressure and limited volatility, indicating a cautious market outlook.
Price Analysis for EGLD: MultiversX (EGLD) is trading around $9.82, showing bearish momentum below $10, with potential for a short-term rebound if a bullish crossover occurs, but remains vulnerable to further downside.
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Technical Analysis for MMT
Technical Sentiment Analysis for Momentum (MMT) As of , Momentum (MMT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 4 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for MMT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, MMT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Momentum (MMT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0204 | 0.0664 | 0.11 | 0.156 | 0.199 | 0.245 | 0.288 |
| Fibonacci | 0.0664 | 0.101 | 0.122 | 0.156 | 0.19 | 0.211 | 0.245 |
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