After a staggering 94% decline, MANTRA (OM) has made a notable comeback, rebounding 65% from its recent lows. This unexpected surge has reignited interest among traders and investors. But the pressing question remains: Is this the beginning of a sustained recovery or merely a temporary uptick?​

Team's Swift Response Eases Concerns

The abrupt price drop raised alarms about potential insider selling. However, the MANTRA team promptly addressed these fears:​

  • They confirmed that no core team members, advisors, or investors had sold their tokens.​

  • The crash occurred during a low-liquidity period on Sunday, not due to any breach of trust or tokenomics issues.​

This transparency helped calm the community, though many await further actions to bolster confidence in a full recovery.​

Technical Analysis: April 15, 2025

A closer look at the OM/USDT 5-minute chart reveals:​

  • An initial bearish trend within a descending channel, leading to a breakdown below the $0.565 support.​

  • A swift rebound, reclaiming the support zone, suggests a possible bear trap or liquidity sweep.​

  • A failure to surpass the $0.756 resistance will result in price stabilization between $0.56 and $0.65.​

  • The RSI is hovering around 39, indicating a slight bearish inclination.​

  • MACD is showing neutrality with a slight bearish bias, as recent death crosses overshadow previous golden crosses.​

What's Next for OM?

The path forward for OM hinges on several factors:​

  • Bullish Scenario: A breakout above $0.65 could pave the way to test the $0.756 resistance, potentially leading to further gains.​

  • Bearish Scenario: A drop below $0.56 might see OM revisiting lower support levels, signaling a continuation of the downtrend.​

For a sustained recovery, OM will require:​

  • Consistent trading volume to support upward momentum.​

  • Clear and continuous communication from the MANTRA team to rebuild trust.​

  • Positive market sentiment and broader crypto market support.​


#MANTRARecovery #OMPriceAction #CryptoMarketUpdate

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📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.