In the ever-volatile world of crypto, Mantra (OM) is starting to make waves again — but is this the real comeback or just a dead cat bounce?
After plunging over 90% from its ATH, OM is attempting a slow but structured recovery. Recent activity shows strong accumulation at key support around $0.47, and signs of a bullish divergence are emerging on the RSI.
Key Catalyst:
The recently announced token burn initiative is being interpreted as a supply shock trigger — bullish for price action in the short to mid-term.
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Technical Breakdown:
Support Zone: $0.4650 – $0.4750
Resistance Ahead: $0.52 – $0.57
Bullish Signal: Daily MACD cross incoming + RSI reversal from oversold
Volume: Rising on green days, dropping on red — a classic recovery signal
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Trade Setup:
LONG Entry Zone: $0.4700 – $0.4800
Stop-Loss: $0.4450 (below last swing low)
Target 1: $0.5250
Target 2: $0.5700
Target 3: $0.6250 (if momentum holds)
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Market Sentiment:
Cautious optimism. Retail remains skeptical, but smart money seems to be stepping in quietly. Burn news + technical bottom = recipe for surprise upside.
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Final Thoughts:
**OM is back on the radar