MANTRA (OM) price spiked over 25% after breaking out of a descending wedge, briefly touching $0.493.
OM’s current price is trading above key support at $0.421, with bullish momentum being retested.
Technical indicators show rising volatility for OM as traders watch for a breakout continuation or rejection.
After a steep multi-week decline, $OM price today is trading around $0.433, attempting to stabilize above a critical short-term breakout. A sudden bullish surge on May 21 pushed prices from below $0.39 to as high as $0.493, before profit-taking trimmed gains.
The OM/USDT pair is now holding just above the 61.8% Fibonacci level, suggesting bulls may attempt to consolidate the recovery. However, overhead resistance and fading intraday momentum are clouding the near-term outlook.
What’s Happening With MANTRA (OM) Price?
OM’s recent price behavior marks a sharp departure from its prior range-bound structure. After weeks of compression, a breakout above the $0.40 resistance zone triggered a large bullish candle on the 4-hour chart. This breakout also coincided with a clean breach of a descending wed…
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