Updated and simplified technical analysis for currency $OM MANTRA (ticker OM), focusing on support/resistance and key market indicators:
---
🧩 Project Overview and Context
MANTRA (OM) is the token of the Mantra Chain network, a Layer 1 blockchain built on the Cosmos SDK, dedicated to the tokenization of real-world assets (RWA) within a regulatory framework, supported by KYC/AML systems and legal compliance.
It operates within the OMniverse ecosystem, including MANTRA Nodes, MANTRA Chain, and MANTRA Finance, to provide services bridging traditional finance and decentralized finance (DeFi).
In April 2025, OM experienced a sharp collapse of over 90% within one hour, falling from more than $6 to around $0.50 due to a sudden large liquidity event. This was followed by an announcement to remove 300 million tokens from circulation as corrective measures.
---
🔍 Technical Analysis of TradingView and Investing.com Indicators
TradingView's technical assessment indicates that moving averages show an overall recommendation of "strong sell," while oscillators are neutral.
According to Investing.com, most technical indicators are Buy or Strong Buy, and the moving averages MA50 to MA200 all indicate an upward trend. RSI values (~56), MACD, ADX, CCI, StochRSI, and Williams R all support the likelihood of a positive reversal.
---
📊 Support and Resistance Levels
⚠️ Support
The initial vital support is around $0.23–0.24, which is the current level and the secret of stabilization after the collapse.
Deeper support lies at $0.20–0.22 if the present level is broken.
