MANTRA's OM Token Rebounds 65% After 94% Crash

MANTRA (OM) has regained attention after a significant 94% price crash, with the token rebounding nearly 65% from its lowest point. This recovery has sparked renewed interest and hope among traders, who are now questioning whether this momentum can be sustained for a genuine MANTRA recovery or if it is merely a temporary reaction following the selloff.

The initial panic surrounding the OM price crash was largely due to fears of insider selling. However, the MANTRA team swiftly addressed these concerns by confirming that no core team members, advisors, or investors had sold their tokens, and that the tokenomics remained intact. The team attributed the crash to a low-liquidity window on Sunday, rather than any breach of trust. While this clarification helped alleviate some fears, the community is still awaiting further steps from the team to support a MANTRA recovery.

Some analysts are predicting a potential 328% rally if key levels hold, but such a rebound would require more than just hype. It would necessitate clear communication from the team, steady volume, and price confirmation for any real MANTRA recovery to be sustained. Currently, OM appears to need a few more days to stabilize before making a significant move in either direction. With the initial noise starting to subside, the best way to gauge what’s next for the OM price is by examining the short-term chart.

The OM/USDT 5-minute chart from April 15th, 2025, shows a strong bearish trend early on, marked by a descending channel that guided the price steadily downward. A decisive breakout occurred below the key support level at $0.565, confirming bearish control. However, this move was short-lived, as the price quickly rebounded, reclaiming the support zone with a sharp spike, suggesting a bear trap or liquidity sweep. This recovery briefly shifted sentiment to bullish, as the Relative Strength Index (RSI) bounced from oversold levels and even entered overbought territory twice post-recovery.

However, the failure to break above the $0.756 resistance zone saw price action stabilize in a tight range. The Moving Average Convergence Divergence (MACD) golden crosses supported the upside attempt but were quickly overshadowed by successive death crosses, signaling weakening bullish momentum. Following the spike, OM entered a consolidation phase between $0.56 and $0.65, showing indecisiveness near the reclaimed support. The RSI is currently around 39, suggesting the asset is leaning toward bearish territory again.

MACD remains neutral but slightly bearish, with recent death crosses outweighing the prior golden cross. The price continues to respect the support zone but lacks the momentum to test higher resistance levels. This tug-of-war near the mid-range reflects uncertainty among traders. OM may continue ranging between $0.56 and $0.65 unless a volume-backed breakout emerges. A move above $0.65 could open room to test $0.756, while a breakdown risks revisiting lower support zones.

After such a dramatic OM price crash and a sharp bounce, OM finds itself in a wait-and-see zone. The panic may have cooled, but traders are still cautious. The team’s quick response helped ease concerns, but the real test now is whether they follow through with clear steps to support a sustainable MANTRA recovery. On the chart, OM is stuck between support and resistance, and indicators aren’t giving a strong signal either way. Until buyers step in with volume or the team delivers more clarity, OM might just keep moving sideways. For now, all eyes are on the $0.65 resistance and $0.56 support to see which side breaks first.