$OM is trending on Binance Square! It crashed in a 90% April 13, 2025 plunge from $6.30 to $0.4222, but is currently trading around $0.64 with a market capitalization of $619 million. ????
Bearish signals are evident with a falling triangle and an RSI of 40, which indicates a likely fall to $0.46 upon failure of support at $0.61. Resistance is at $0.72 and $1.00.
Despite MANTRA's partnerships with Google Cloud and BlackRock creating some optimism, the 17 wallets' mass sell-off of 4.5% of supply and the team still holding 90% of tokens creates rug-pull fears.
Binance has lowered leverage and posted warnings since January 2025 due to volatility. Is $OM a buy opportunity or a trap?
Also, check out the Lorenzo Protocol ($BANK), which helps institutions manage assets and offers yield-generating tokens.
What are your thoughts?
