The post MANTRA Rallies After Mainnet Upgrade, Eyes $0.03 Break appeared on BitcoinEthereumNews.com. MANTRA consolidates near key support as ADX signals fading The post MANTRA Rallies After Mainnet Upgrade, Eyes $0.03 Break appeared on BitcoinEthereumNews.com. MANTRA consolidates near key support as ADX signals fading

MANTRA Rallies After Mainnet Upgrade, Eyes $0.03 Break

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  • MANTRA consolidates near key support as ADX signals fading bearish momentum trend
  • Break above $0.030 resistance could trigger broader recovery momentum for MANTRA
  • Mainnet upgrade and token split reshape MANTRA ecosystem structure and liquidity outlook

The price structure of MANTRA has entered a critical consolidation phase after months of persistent decline. Market data shows the token trading within a compressed range while technical indicators signal weakening bearish momentum. Traders now monitor whether the asset can break above key resistance levels and trigger a broader recovery following a major mainnet upgrade.

Despite the recent rebound attempt, the broader trend still reflects a prolonged downtrend. The chart shows a consistent pattern of lower highs and lower lows since September. However, momentum indicators suggest selling pressure has slowed, which could allow a consolidation phase before the next directional move.

Weak Trend Strength Signals Market Consolidation

Technical indicators highlight a market that lacks strong directional momentum. The Average Directional Index currently sits near 11, which indicates extremely weak trend strength. Markets with an ADX below 20 often enter sideways trading conditions rather than sustained rallies or declines.

Additionally, the Supertrend indicator remains bearish, confirming that sellers still maintain structural control of the broader trend. However, price compression near support levels often precedes volatility expansion.

MANTRA Price Dynamics (Source: Trading View)

Key support currently sits between $0.018 and $0.020. This zone recently acted as a consolidation base where buyers stepped in to defend price declines. If this area continues to hold, a short-term rebound could emerge.

Below that level, stronger long-term demand appears near $0.0099 to $0.010. This range aligns with the Fibonacci retracement zero level and previous rebound zones. A breakdown below this level could open the door toward $0.007 to $0.008.

Resistance levels remain clearly defined above the current price structure. Immediate resistance appears near $0.029 to $0.030. This zone aligns with the Fibonacci 0.236 level and recent rejection points. A breakout above this area could trigger bullish momentum.

Related: Pi Price Prediction: Bulls Push Above Resistance After V19.9 Protocol Upgrade

Further resistance sits at $0.041 and $0.051, corresponding to Fibonacci retracement levels 0.382 and 0.5. A move beyond these barriers would shift the market structure toward recovery.

Mainnet Upgrade and Tokenomics Shift Drive Attention

Besides the technical setup, fundamental developments have drawn renewed attention to the project. The network recently executed its v7.0.0 mainnet upgrade at block height 13,000,000. The update introduced a major ecosystem transition and structural token changes.

Significantly, the network replaced the OM ticker with the MANTRA token name. The change aims to strengthen the blockchain’s branding as a dedicated platform for real-world asset tokenization.

The upgrade also implemented a one-to-four non-dilutive token split. This mechanism automatically increased holder balances without expanding the maximum token supply.

MANTRA Token Allocation. Source: Mantra Dashboard

Token distribution data shows that 4.76 billion tokens currently circulate in the market. This figure represents roughly 67.5% of the existing supply. Consequently, a large portion of tokens already participates in trading, staking, and ecosystem activity.

Moreover, analysts believe this level of circulating supply improves liquidity across exchanges and decentralized platforms.

Technical Outlook for MANTRA (MANTRA) Price

Key levels remain clearly defined heading into March. Upside targets are $0.030, $0.041, and $0.051, representing immediate hurdles for bullish momentum. A decisive breakout above $0.051 could extend toward $0.061, signaling a potential medium-term trend reversal.

Downside levels include $0.020 as the first support, followed by $0.015 and $0.010 as major demand zones. The $0.030–$0.032 area acts as a pivotal resistance ceiling, which must be breached for medium-term bullish confirmation.

The technical picture shows MANTRA consolidating after a prolonged downtrend, forming a sideways accumulation range. Price compression suggests a breakout in either direction could trigger significant volatility, particularly if trading volumes rise.

Will MANTRA Go Up?

MANTRA’s price outlook depends on whether buyers can defend $0.018–$0.020 and build momentum toward the $0.030 resistance zone. If bullish flows strengthen and price breaks above $0.030, targets at $0.041, $0.051, and $0.061 become achievable.

Conversely, failure to hold $0.018–$0.020 risks revisiting lower support levels at $0.015 or $0.010. For now, MANTRA remains in a critical consolidation phase. Market conviction, trading volume, and successful breakout confirmation will determine the next directional move.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

Source: https://coinedition.com/mantra-price-prediction-mantra-rallies-after-mainnet-upgrade-eyes-0-03-break/

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