The price of Mantra (OM) saw a sharp decline in late May and early June, driven by a series of breakdowns below the main trendline support and intensified profit-taking. A strong downward rush on June 11 caused the currency to drop to $0.243, marking its lowest level in two months. However, the recent rise has brought OM back into the supply range between $0.275 and $0.280, indicating early signs of strength.

The four-hour chart shows a breakout of the price from a descending wedge pattern, with the last candle approaching the resistance level between $0.282 and $0.285. This area overlaps with previous order blocks and the highest levels of the value area recorded in early June, making it a critical zone for short-term bulls.

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