After enduring a prolonged decline throughout May and early June, the MANTRA (OM) price today is attempting a short-term rebound, trading near $0.276 as of June 14, 2025. The asset has bounced from the $0.243 low, with renewed buying interest reflected in rising volume and structural reclaim on intraday charts. While broader downside pressure remains visible, technical indicators now point to a potential base-building process underway.
What’s Happening With MANTRA (OM)’s Price?
The MANTRA (OM) price action witnessed a steep drawdown in late May and early June, driven by a confluence of breakdowns below key trendline support and intensified profit-taking. A strong bearish impulse on June 11 dragged the token to $0.243, marking a 2-month low. However, the recent bounce has brought OM back into the $0.275–$0.280 supply zone, suggesting early signs of strength.
The 4-hour chart shows price breaking above a descending wedge pattern, with the most recent candle pushing toward the $0.282–$0.285 resistance shelf. This area overlaps with previous order blocks and value area highs from early June, making it a decisive zone f…
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