Is Mantra ($OM ) Ready for a Breakout?

OM just hit a critical resistance zone around $0.45 after a strong weekend bounce. On May 11, the token surged 40%, reaching a high of $0.52, breaking the 20-day SMA. But can it hold the momentum?

Despite recent gains, the broader trend remains bearish:

OM trades below key EMAs: 20-day ($0.51) and 50-day ($0.74)

RSI is at 23 – signaling slightly oversold territory

Major support is still holding at $0.38

Following a 95% crash on April 13, trust was shaken. Even after the CEO’s token burn of 150M OM, price hasn’t recovered much.

Will OM break out or break down?

Keep your eyes on that $0.45 resistance.

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