Here’s my prediction: $OM is gearing up for a major breakout. Why? Because it’s currently following a classic “W” pattern — a well-known bullish formation that often signals a strong rally ahead.
After a sharp correction and recent consolidation around the $0.5050 zone, all signs point toward an upcoming surge. Combine that with the massive token burn worth $82M announced by the MANTRA team, and you’ve got:
Increased scarcity
Growing buyer confidence
Technical strength aligning with fundamentals
Momentum is building. The chart is speaking. All eyes on $OM – the bullish wave might just be starting.
In a powerful move to restore community confidence, MANTRA CEO John Patrick Mullin has announced a massive token burn worth $82 million — involving 150 million $OM tokens. This initiative comes in response to a steep 90% price crash, and is aimed at reinforcing transparency and long-term commitment to the project.
But that's not all — Mullin has hinted that the total burn could double to 300 million tokens, depending on the outcome of ongoing community engagement.
Importantly, the CEO clarified that no team sales occurred during the price drop, quelling concerns of insider actions. The burn proposal received overwhelming support, with more than 81% of voters backing the move.
This isn’t just about numbers — it’s about rebuilding trust, proving commitment, and reigniting the vision behind OM.
The fuse has been lit — OM is ready for redemption.
Price is printing lower lows, but RSI is making higher lows — a classic bullish divergence pattern. This signals potential trend exhaustion on the downside.
#PNUT is holding above a horizontal support level around 0.12–0.13 USDT, aligning with the divergence signal.
Volume is tapering off, indicating decreasing selling pressure.
RSI is currently around 37–38 and showing a higher low structure.
Resistance: 0.1650 USDT (local high), followed by stronger resistance at 0.2000–0.2200 USDT.
Scenario ideas:
If PNUT can hold above support and RSI continues climbing, we might see a relief rally towards the next resistance zones.
A breakdown below 0.1220 would invalidate this bullish setup and could lead to continuation of the downtrend. Still... bullish divergence then will become even more obvious....
Bias: bullish short-term, watching for confirmation.
📉 Market Context: $TROY is facing strong resistance around $0.001700 - $0.001740, showing rejection signals. Bearish momentum is increasing, with sellers stepping in at key resistance levels. A break below $0.001670 could accelerate downside pressure toward lower targets.
💡 Pro Tip: Wait for a confirmed break below $0.001670 before entering. A retest and rejection will strengthen the short setup!
⚠️ Risk Management: Use proper position sizing & follow stop-loss discipline!
📉 Market Context: $XLM is facing strong resistance around $0.7600 - $0.7800, showing rejection signals. Bearish momentum is increasing, with sellers stepping in at key resistance levels. A break below $0.7400 could accelerate downside pressure toward lower targets.
💡 Pro Tip: Wait for a confirmed break below $0.7400 before entering. A retest and rejection will strengthen the short setup!
⚠️ Risk Management: Use proper position sizing & follow stop-loss discipline!
You may remember the times when #XRP was at $0.5. It is currently above $2.5 and has increased by 5x...
$XRP sees the value and interest it did not see at $0.5 at $2.5.
XRP was valuable when its price was low, and it is valuable now. It is the best example of investors not having a price perception.
It is very possible that the same situation will happen in the future for $LUNC . Even if the price of #LUNC increases by 10x, people will continue to buy and sell. Because there is interest. There is a large community.
XRP is a good example. XRP currently has a lot of advantages. There is a strong company behind it. However; This company was there when it was at $0.5.
👉 These advantages will mature in LUNC. Do not interpret what we say as LUNC increasing. I am only talking about its potential. The price of a cryptocurrency does not show its real value. The $XRP example is very striking...