Bybit Endorses MANTRA's v6.0.0 Network Enhancement
Bybit's Support for MANTRA Upgrade: Bybit endorses the MANTRA (OM) v6.0.0 network upgrade, enhancing real-world asset tokenization and EVM compatibility under CEO John Patrick Mullin's leadership, attracting significant institutional participation.
Funding and Market Impact: The upgrade has led to a $45 million funding boost and increased Total Value Locked (TVL) on the MANTRA chain, indicating a positive shift in staking participation and liquidity recovery.
Regulatory Compliance and Migration: MANTRA's adherence to regulatory standards in the UAE has garnered institutional support, while users are encouraged to migrate assets from Ethereum and BNB chains to the native MANTRA chain.
Lessons from Past Crises: The strategy is informed by past challenges, such as the April 2025 liquidity crisis, focusing on EVM compatibility and reducing fragmentation, which experts believe will foster long-term growth and community trust.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for
Technical Sentiment Analysis for (). As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
About the author
