The Mantra Currency (OM) has already experienced a noticeable decline recently, raising questions about its chances of recovery and rising again. Below is an analysis based on the current data:
Will OM rise after the sharp drop?
Yes, it is likely to rise again, but under specific conditions and factors:
1. The project's fundamental support
• The MANTRA project has real use in the DeFi space and Real World Asset (RWA) tokens, which is a sector seeing increasing interest.
• If the platform continues with partnerships and technical developments, this increases the chances of the currency's recovery.
2. Market cycle
• Cryptocurrencies go through cycles of decline and rise.
• If the market returns to a bullish trend (Bull Market), OM may recover alongside other currencies.
3. Technical analysis
• If the price stabilizes at a strong support level and begins to form higher lows, this is a good indicator of the potential start of an upward wave.
• Monitoring trading volume can provide signals on the return of investor interest.
4. News and partnerships
• Any news about technological adoption or strategic partnerships (especially in traditional or governmental finance) may lead to a rapid price increase.
When could this happen?
There are no guarantees or specific timelines. The increase could occur within months or may be delayed depending on the market, especially since the cryptocurrency market is very sensitive to any global political or economic events. #TradeOfTheWeek