The past 24 hours haven’t been kind to MANTRA (OM) holders. The token took a sharp 6.6% nosedive, leaving traders scrambling as bears set their sights on the $0.21 support level. After a brief rally earlier this week, the sudden drop has some investors questioning whether this is just a minor pullback or the start of a deeper correction.
MANTRA’s price action has been all over the place lately. Just days ago, it looked like bulls were gaining momentum, pushing OM toward resistance levels. But now, the momentum has flipped, and sellers are in control. The $0.21 mark is shaping up to be a critical battleground—if it holds, we might see a bounce. If it cracks, things could get ugly fast.
Trading volume has picked up, but not in the way bulls would hope. Instead of fresh buying pressure, the uptick in activity seems driven by panic selling. Social media chatter is mixed, with some traders calling this a buying opportunity while others warn of further downside. The lack of a clear catalyst for the drop makes it even harder to predict where OM goes next.
Technical indicators aren’t offering much comfort either. The Relative Strength Index (RSI) is edging into oversold territory, which could mean a short-term rebound is possible. But with the broader crypto market still shaky, any recovery might be short-lived. The moving averages are also flashing warning signs, with the 50-day line threatening to cross below the 200-day—a classic bearish signal.
Of course, MANTRA isn’t operating in a vacuum. Bitcoin’s recent wobbles have dragged altcoins down with it, and OM is no exception. If BTC can’t find its footing soon, OM’s pain could continue. On the flip side, if Bitcoin stages a comeback, OM might catch a lift.
For now, all eyes are on that $0.21 support. If it holds, we could see a relief rally. If it doesn’t, the next stop might be $0.18. Either way, traders are bracing for volatility. The crypto market never sleeps, and neither do the bears—or the bulls waiting for their chance to strike back.
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