Mantle falls as short-term trend favors sellers

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Mantle drops 7.3% today to $0.4405

Highlights

Mantle Network upgraded to version 1.6.3 to fix a state-root bug, improving operational stability and protecting user assets.
KORProtocol trading volume surpassed $2 million on Fluxion Network, indicating strong activity in the Mantle ecosystem.
MNT/USD trades near $0.4405, down 7.3% for the day, with technicals indicating a probable $0.4286 to $0.4524 range and seller dominance prevailing.

Network upgrade and activity spike fail to offset selling pressure

Mantle Network has implemented an upgrade to version 1.6.3 to address a state-root bug, ensuring ongoing operational integrity and safeguarding user assets, according to Coinfomania. This critical maintenance step removes a source of network uncertainty and helps maintain confidence in the protocol’s infrastructure. Additionally, KORProtocol's trading volume exceeded $2 million on Fluxion Network, a development that highlights active participation within the Mantle ecosystem and may improve its profile for prospective users and partners. These positive developments have been accompanied by a drop in price action, as broader selling pressure has prevailed.

Seller momentum dominates as resistance caps MNT amid mixed signals

On the technical front, MNT/USD is trading just above the MA-20 on the hourly chart while remaining below the MA-50 and significantly under the MA-200. The Ichimoku Kijun sits at $0.4566, acting as the nearest resistance level. Momentum signals from MACD and ADX indicate persistent seller control. Both RSI and CCI are in neutral territory, but the Stoch RSI is overbought, suggesting a possible pullback. Bull/Bear Power is marginally negative, confirming a slight advantage for sellers, and the Awesome Oscillator offers a neutral reading, underscoring the current indecisive trend.

Downside bias persists as consolidation range narrows

In the short term, MNT/USD is likely to consolidate within the $0.4286 to $0.4524 range in line with recent volatility. The probability of further downside movement stands at 76%, versus a 24% chance of an upward move. If price breaks below $0.4286, additional declines could follow, while a move above $0.4566 could prompt a sharper recovery.

Anton Kharitonov, expert at Traders Union, sees Mantle maintaining operational security after its v1.6.3 upgrade but notes that selling pressure dominates price action, despite ecosystem activity. The technical picture is weak, with MNT stuck below key moving averages and momentum indicators confirming seller control. He remains cautious while price is beneath resistance at $0.4566. "Base case is for consolidation or further decline; recovery only looks possible above $0.4566 at this stage."

Earlier, analysts noted that Mantle faced persistent selling pressure and maintained a broadly bearish market outlook despite positive ecosystem developments. The latest technical and network updates reinforce these headwinds, making the $0.4286 support level pivotal for traders monitoring the balance between renewed downside risk and potential stabilization.

Source of Data: MNT Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.