Analysis date: Saturday, May 10, 2025
Price at publication: $0.4634
Daily change percentage: +24.78%
Highest price today: $0.5042
Lowest price today: $0.3702
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📢 The most important news:
After a 90% collapse last April, MANTRA announced the burn of 300 million OM tokens, including 150 million from the founder's share, in an attempt to regain investor confidence.
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📊 Technical analysis:
Current support: $0.3700
Next resistance: $0.5200
RSI (Relative Strength Index): 65 (Near overbought territory)
MACD: Positive crossover indicating ongoing bullish momentum
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✅ Positive factors and opportunities:
Token burn: Reducing supply after burning 300 million OM
Increased trading volume: A 24.8% increase in the last 24 hours
Investor interest: Renewed interest in the project after corrective actions
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⚠️ Risks:
Overbought: Technical indicators suggest a potential price correction
Market volatility: Sharp rises may be followed by strong corrections
Heavy reliance on news: Any change in sentiment may negatively impact the price
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📌 My personal opinion:
OM shows positive signals after recent corrective actions, but caution is advised due to high market volatility. It may be wise to closely monitor the market and wait for additional confirmations before making significant investment decisions.
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