MANTRA (OM) Crashes 90%, Bearish Momentum Intensifies

MANTRA (OM) experienced a dramatic 90% crash, with its technical charts indicating a severe downturn that rivals or even surpasses the 2022 TerraLUNA collapse. The Relative Strength Index (RSI) for OM plummeted from 45 to 4 during the collapse, only slightly recovering to 10.85. This extreme oversold condition, where values below 30 typically indicate oversold assets, suggests that there is minimal buying activity. Despite bouncing from extreme lows, OM’s RSI has hovered around 10.85 for several hours, signaling that very few buyers are stepping in to support the price. This lack of follow-through buying pressure indicates that sentiment remains heavily bearish, and traders are not yet confident enough to accumulate the token, even at these steeply discounted levels.

Analysts have warned about MANTRA’s potential lack of true on-chain value, suggesting that the token may be setting up for further downside or a prolonged period of stagnation. The market appears to be waiting for a catalyst or clearer recovery signals before any significant buying activity resumes. The Directional Movement Index (DMI) for MANTRA shows intense bearish momentum, with the ADX at 47.23, well above the 25 threshold, and showing no signs of weakening. The -DI, which tracks selling pressure, has decreased from its peak of 85.29 to 69.69, indicating that while the panic sell-off may be slowing, it remains dominant. Meanwhile, the +DI, which measures buying pressure, has dropped from 3.12 to just 2.42, highlighting a complete lack of bullish response to the collapse. This imbalance reveals that although the worst of the immediate selling may be over, virtually no meaningful buying activity is stepping in to support OM’s price. As long as this dynamic continues—strong trend strength, high selling pressure, and near-zero buying pressure—OM is likely to stay under severe bearish pressure, with any recovery attempt extremely unlikely unless sentiment shifts dramatically.

In summary, the technical charts for MANTRA (OM) paint a grim picture, with indicators suggesting a severe downturn that may rival or surpass the 2022 TerraLUNA collapse. The RSI and DMI charts show extreme oversold conditions and intense bearish momentum, with minimal buying activity and dominant selling pressure. Analysts warn of a potential lack of true on-chain value, suggesting that the token may face further downside or stagnation until a catalyst or clearer recovery signals emerge. The market’s sentiment remains heavily bearish, and traders are hesitant to accumulate the token, even at discounted levels. Unless there is a significant shift in sentiment, OM is likely to remain under severe bearish pressure, with recovery attempts facing significant challenges.