After a 90% crash and founder token burn, is OM now a phoenix in disguise?
CURRENT PRICE: $0.42
24H CHANGE: -0.7%
MARKET CAP: ~$404M
24H VOLUME: $125M
CIRCULATING SUPPLY: 958.9M OM
ALL-TIME HIGH: $9.03 (Feb 2025)
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WHAT JUST HAPPENED:
MANTRA (OM) was once the darling of the RWA (Real World Assets) narrative—then came the crash. In April 2025, OM plummeted over 90%, wiping out billions in market cap. Panic hit the streets. Investors screamed "rug pull."
But here's the twist:
Founder John Patrick Mullin stepped in and burned 150M OM from his own wallet — a move that stopped the bleeding and began restoring confidence. Since then, the price has found support around the $0.40 level.
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KEY TECHNICAL STRUCTURE:
Price holding above $0.41 support zone
Bullish divergence on RSI (4H + daily)
Descending wedge pattern = breakout setup
Volume building slowly = accumulation signs
Fib Retracement: Holding 0.786 level from $0.90 swing high
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ON-CHAIN & SENTIMENT DATA:
Exchange inflows down 47% = less sell pressure
Social sentiment recovering after initial crash
Founder token burn = rare show of accountability
Still in top RWA project watchlists by institutions
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BUY ZONE: $0.38 – $0.43 (ideal accumulation range)
STOP LOSS: Below $0.36 (break of wedge structure)
TARGETS:
1. $0.58 — wedge breakout zone
2. $0.76 — key fib resistance
3. $1.05 — full recovery swing if momentum returns
Buy now 👉$OM
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WHY THIS MATTERS:
The RWA sector is heating up again. OM was hit hard—but it survived. With a public burn, major volume support, and a prime reversal setup, this could be one of the most asymmetric reward plays in mid-cap alts. High risk—but potentially higher return.
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Not financial advice. DYOR. Manage your risk like a pro.
