$OM

$OM (Mantra), in light of the recent 150 million token burn, which can impact long-term supply dynamics and investor sentiment.

Here’s a refined snapshot of market setup and potential scenarios:

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$OM Price Outlook (Short-Term)

Current Price: $0.4452

24h Change: -6.45% (High selling pressure)

Volume Analysis:

OM Volume: $71.38M

USDT Volume: $32.66M

Implication: More OM being offloaded than bought — bears are likely in control.

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Key Technical Levels

Support: $0.4323 (critical to hold; if broken, may test $0.40)

Resistance: $0.4810 (if breached, next key level is $0.50)

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Trade Scenarios

Conservative Strategy:

Buy: Only after confirmed breakout above $0.4810

Sell: If price breaks below $0.4323

Aggressive Strategy:

Buy Zone: Near $0.4323 with tight stop-loss below $0.42

Sell Zone: Around $0.47–0.48, especially if price shows rejection signs

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Risk Note:

While the token burn could be bullish long-term, short-term momentum is bearish, and traders should monitor volume spikes or reversal patterns before taking decisive positions.