#MANTA (OM) has experienced a 20% decline over the past month and a 5% drop today, making it the second-largest RWA token. Technical indicators suggest a potential shift towards a downtrend, with key support levels being tested and a possible death cross forming on the EMA chart. The ADX for Mantra is currently at 22.96, indicating a weakening trend. The Ichimoku Cloud chart shows a market in consolidation, with the price hovering near the cloud edge. The EMA lines also signal weakness, with a potential death cross on the horizon. Traders are monitoring closely for any further downside movement that could confirm a downtrend. However, a positive sentiment towards RWA coins could lead to a trend reversal, pushing OM towards resistance levels at $7.10 and $7.39. It is important to conduct thorough research and seek professional advice before making any financial decisions.
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