MANTRA (OM) Defies Gravity—Posts 16.76% Surge to $0.408 After Market Plunge
Just when traders thought the crypto gods had abandoned them, MANTRA (OM) pulls a phoenix act—soaring 16.76% to $0.408 despite the broader bloodbath. Who needs risk management when you’ve got volatility this delicious?
The rebound sparks whispers of ’buy the dip’ from bagholders and skeptics alike. Meanwhile, Wall Street still can’t decide if crypto is an asset class or a meme.
- After a big selloff, MANTRA (OM) leaps more than 16% as technical indicators suggest a recovery has begun.
- Whether via Upbit or Nansen, being listed gives OM increased visibility as it aims to bounce back.
- Although the chart looks good, OM cannot be considered fully bullish until it trades above $0.60–$0.70.
Mantra (OM) has caught the attention of many in the crypto space after it began recovering from a major fall earlier in 2025. You can see from the daily chart that OM was over $8 in late March, though it crashed dramatically soon afterward, dropping almost all of its value in just a few sessions.
Since then, the price of the token held steady at about $0.43 with trading activity steady, until it started to increase now. Over the last few days, there’s been a shift toward stronger momentum. Previously oversold below 25, the RSI ROSE to 30, pointing towards some buying interest.
Source: TradingView
But, the MACD indicator is bearish because the MACD line has gone below the signal line and the histogram bars are red.
Upbit and Nansen Encourage High Hopes for a Rally in Mantra (OM)
Mantra (OM) experienced some upward movement recently, climbing 12% and reaching a highest level of $0.49. Even if this high is not as impressive as before, it’s still the first real sign that the bull market is back.
Some fundamental factors appear to support this technical recovery. The main development is that OM has become available for trade on South Korean exchange Upbit. Also, Nansen, an analytics firm, has said it is now participating as a validator on the MANTRA Chain.
In addition, the MANTRA team burned 300 million OM, out of which 150 million were unused from their founder’s stash, to help regain investor trust and assure everyone of the project’s lasting value.
While the indicators look good, Mantra (OM) is still trading inside a narrow band on the chart. The big selloff in April left a firm wall of resistance above, so for OM to break out, it will have to climb past $0.60 and $0.70.
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