OM drops sharply – A chance to accumulate or a sign of long-term loss of momentum?

OM (Mantra) has just experienced a strong price drop, falling out of the support zone of $1.10 and currently fluctuating around $0.93 – a reduction of more than 30% in just one week. This has raised concerns among many investors about whether OM's upward trend has ended?

The main reason comes from profit-taking pressure after OM surged over 400% last month, coupled with market-wide apprehension about a slowdown. Additionally, information about the upcoming token unlock has also led some holders to temporarily withdraw capital.

However, on-chain data shows that whales are still holding their positions, the RWA ecosystem of OM is still expanding, and Mantra Chain continues to onboard new partners.

With a solid foundation and real application, this could just be a corrective phase before OM returns to the race.

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