Why is OM decreasing? Technical adjustment or signs of capital withdrawal?
After a hot surge of over 400% in April, OM (Mantra) is declining to the $0.90 range, losing nearly 35% from its last peak. So what is the reason for a project considered promising in the RWA sector to be ‘letting off steam’?
Firstly, profit-taking pressure is understandable as many early investors have doubled to quintupled their accounts. Secondly, information about the upcoming token unlock has made the market sentiment more cautious. Additionally, funds are temporarily shifting towards meme coins and GameFi following short-term trends, causing OM's liquidity to be reduced.
However, OM still maintains a stable number of holders, and the Mantra Chain ecosystem is steadily developing with many DeFi partners, staking, and RWA.
If the support range of $0.85–$0.90 is maintained, this could be an opportunity to accumulate before the market completes its correction.