Mantle Gears Up for Main Ecosystem updates in K2 this year – can match turned in upside down?

Despite the cloak, they announce main ecosystem updates, MNT token remains in a bear trend – although it has established a new, great level of support managed to keep it in the last few weeks.

2. Marta, Mantle (Mnt) posted a letter To the owner of MNT token, including project plans for K2 this year. Key emphasis include the upcoming launch of paid banking, unified Fiat-Cripto Neobank and Stage Index four (MI4), tokenized, institutional cryptic fund for institutional class cryptic.

In addition, the letter stated key achievements as the project moves to K2. It is important that Mantle integrated Eigenda on Mannet to improve the availability of data, it attracted over 27K CMETH in its fixed yield vault and secured ManzeModular architecture with 162.9K meter. The FBTC exceeded 1.2 billion dollars with a total value locked and extended to more EVM chains. The project also spread progress in becoming the largest ZK Rollup, which offers institutional class security Convenient Development now lives on testnet.

In spite of this developmentMNT is in a clear trend of 3. February, when the price began consistently consistently made lower and lower peak. About that time, the price also started trading below 20-day exponential movement and 50-day simple average. However, it broke up above the 20-day Emma about two weeks in March, while still trading below the 50-day SMA. 30. Marta MNT fell under 20-day EMA ($ 0.79) where it still floats, currently traded from $ 0.74.

The relative power index is 38.60, which moves down, but it is not yet on a large territory, which means there are room for more intact. The MACD indicator remains a bear, and with a MACD line and signal line below zero. All in all, the bear pressure is dominated now.

In the light of the price, the main horizontal support zone was about $ 0.72 from mid-March. The first major resistance is $ 0.80, aligning with 20-day Emma. The stronger resistance level is $ 1.00, where the price is consolidated in February before continuing to reduce trends.

The move above $ 0.80 would be the first sign of a potential recovery, but for a larger greater connection, MNT should violate above $ 1.00 with a strong volume and hold.