By: Dr. Hayat Ahmad Khan | Market Analyst | May 2025
Introduction:
In the volatile world of digital assets, extreme price declines often precede historic rebounds. MANTRA (OM), a once-celebrated DeFi ecosystem token, has recently faced a sharp correction—plummeting from an all-time high of $9.01 to under $0.40. While such a drawdown may spook retail investors, seasoned traders recognize this as a classic setup for a turnaround. Historical price action in coins like Virtuals Protocol (VIRTUAL) offers a compelling case for a strong recovery in OM.
Part I: The VIRTUAL Case Study – From Collapse to Comeback
Virtuals Protocol (VIRTUAL) launched with promise, yet the token soon sank into obscurity, hitting an all-time low of $0.007486 in January 2024. Most wrote it off.
Then, something changed.
As infrastructure matured and investor sentiment rotated back into smaller-cap protocols, VIRTUAL surged, reaching $5.07 by January 2025—a +67,000% increase from its bottom.
This wasn't driven by hype alone—it was supported by key ingredients: a strong community, product development, and entry from value investors.
Part II: MANTRA (OM) – The Undervalued Parallel
MANTRA (OM) is currently echoing this story.
ATH: $9.01 (February 2025)
Current Price: ~$0.39
Drawdown: ~95.6% from peak
Historical Support: ~$0.37 (prior cycle resistance flipped to support)
Technically, OM is now sitting at a critical horizontal support, where it also consolidated during the 2021 bull run. This kind of macro structure—peak, collapse, consolidation at prior resistance—is textbook accumulation territory for long-term investors.
Part III: Shared Traits – OM vs. VIRTUAL
OM has even stronger fundamentals than VIRTUAL had at its bottom:
A history of real-world asset (RWA) focus
DAO governance model
Strong DeFi integrations
Active developer and social presence
Part IV: Technical Picture – Signs of Life
Recent technicals suggest OM is entering a coiled spring formation:
Descending triangle breakout potential
RSI in the low 30s — historically a strong reversal zone
MACD histogram flattening, indicating momentum shift
Volume divergence — declining prices, but higher buyer activity
Should OM reclaim the $0.50–$0.60 zone with volume, the next leg toward $1.20–$2.00 could begin rapidly.
Conclusion:
VIRTUAL’s resurrection from the ashes is more than just a success story—it’s a blueprint. OM’s current technical posture and fundamental alignment mirror this trajectory. For those watching the market closely, the signs are clear: OM is heavily discounted, structurally supported, and technically primed for a breakout.
History may not repeat itself exactly—but in crypto, it often rhymes.
Disclaimer: This article is for informational purposes only. It does not constitute financial advice or a solicitation to invest. Cryptocurrencies are volatile and involve significant risk. Do your own research or consult a financial advisor before making investment decisions.
