$OM As of May 5, 2025, MANTRA (OM) is trading at approximately $0.3885 USDT, reflecting a 6.9% decline over the past 24 hours. The day's trading range has been between $0.3855 and $0.4178.

Over the past month, OM has experienced a significant downturn, with its price plummeting over 90% from its February high of $9.17. This sharp decline has been attributed to a cascade of sell-offs, including the sudden closure of leveraged positions on centralized exchanges and significant changes to OM's supply.

Technical analysis indicates a strong bearish trend. Indicators such as the Relative Strength Index (RSI), Commodity Channel Index (CCI), and Williams %R suggest that OM is in oversold territory, which could imply a potential for a short-term rebound. However, the overall sentiment remains cautious, with resistance levels identified at $0.5670, $0.6034, and $0.6624, while support levels are at $0.4491, $0.4127, and $0.3538.

In summary, while OM is currently experiencing a significant downturn, the oversold indicators suggest that traders should monitor for potential short-term rebounds. However, the prevailing bearish sentiment and recent market volatility warrant a cautious approach.