TL;DR
- Binance will support the upcoming network upgrades for MANTRA (OM) and MultiversX (EGLD), aiming to enhance transaction efficiency and node synchronization.
- Deposits and withdrawals will be temporarily paused as a safety measure.
- Both upgrades could positively influence investor sentiment, with potential short-term price movement and renewed confidence in these blockchain ecosystems.
Leading cryptocurrency exchange Binance has announced its support for imminent network upgrades on MANTRA (OM) and MultiversX (EGLD), two projects focused on scalable, decentralized infrastructure. The updates, scheduled for this week, are designed to improve transaction processing, enhance network stability, and optimize node synchronization, all with minimal disruption to traders.
Trading for both OM and EGLD will continue without interruption, while deposits and withdrawals are temporarily paused during the upgrade process. The MANTRA network update is expected at block height 9,664,888 on October 27, 2025, at 10:51 AM UTC, with automatic resumption of transfers once stability is confirmed. MultiversX will implement its upgrade on October 30, starting at 8:00 PM UTC, with transfers paused one hour prior.
Upcoming Upgrades Could Influence Market Sentimen
These upgrades come after a challenging period for both tokens in 2025. OM has struggled following a sharp drop earlier this year, trading sideways around $0.116. Technical indicators suggest low momentum, but successful completion of the upgrade could attract renewed buying interest. Key support and resistance levels are identified at $0.11 and $0.15, respectively.
EGLD has faced similar pressures, now trading near $9.82 after declining from its highs above $40. RSI readings indicate mildly oversold conditions, while MACD shows early signs of potential recovery. Resistance levels are $11.20 and $13.80, with future price action likely influenced by upgrade outcomes and any positive network adoption developments.
Binance Strengthens Role in Blockchain Innovatio
Binance’s support reinforces its position as a reliable infrastructure partner, ensuring both OM and EGLD upgrades are executed smoothly. While technical charts suggest cautious trading sentiment, the updates may trigger short-term volatility and renewed interest in both ecosystems. MANTRA continues to expand its DeFi governance ecosystem, and MultiversX focuses on scaling Web3 applications, which could attract further institutional engagement.
The week ahead is critical for investors monitoring OM and EGLD. If the upgrades perform as expected, both networks may regain traction and confidence could return, potentially creating new opportunities for traders seeking exposure to developing blockchain projects.
