Over the past four hours, MANTRA (OM) has shown a modest upward trend against Tether (USDT), reflecting cautious optimism among traders. Currently, OM is trading at approximately $0.3662, with an intraday high of $0.3886 and a low of $0.3636. The 24-hour trading volume stands at around $180.5 million, indicating sustained market interest.
Despite this short-term uptick, OM remains under significant pressure, having plummeted over 90% from its all-time high of $9.17 in February 2025. The dramatic decline in April, attributed to large token transfers to exchanges and ensuing liquidation events, has eroded investor confidence.
Technical indicators suggest that while there is some buying interest, the token is still navigating a bearish pattern. The Relative Strength Index (RSI) remains in neutral territory, and the price is hovering near key support levels.
In summary, while OM has exhibited slight gains in the past few hours, it continues to face challenges in regaining its former valuation. Traders should remain vigilant and consider broader market trends and technical signals before making investment decisions. $OM