Can MANTRA Price Rebound 50% from the Lows?

After a 94% crash in MANTRA’s price, OM currently trades at $0.618, up 3.71% today. Let’s explore OM price prediction and if there’s a chance of a 50% rebound after the recent crash.

The price outlook for OM is different than the rest of the altcoins due to the reason for its crash. Many attribute insider dumping to the sudden plummet in MANTRA’s value. Regardless, here’s what investors can expect as the dust settles after a brutal selloff.

OM Price Prediction: Can MANTRA Bounce 50% From Lows?

The weekly chart shows OM Price drop ended as it hit the weekly buy side imbalance, extending from $0.380 to $0.540. If this key zone holds, investors can expect bullish reversal.

In such a case, the midpoint of the 94% crash is $1.594, which would mean a OM price would need a 328% rally to reach it. While this target might seem unreachable and this bullish MANTRA price prediction unlikely, investors need to note that the altcoin has already bounced 65% from the bottom. 

OM Price Prediction: Can MANTRA Price Rebound 50% from the Lows?
OM/USDT 1-week chart

Can MANTRA Price Catalyze a Recovery Rally? 

The daily chart shows oversold RSI and steep red histograms, both of which reflect the recent sell-off. A few more days to let the price action at the bottom develop will suggest if there’s a possibility of a 328% rally to $1.594. 

One catalyst could turn this bullish reversal dream into reality – an official announcement of why MANTRA price crashed and fixes or steps from the project to make investors whole or plans to prevent it from happening again. 

These two steps from the OM team could rebuild trust and lead to a potential rally that leads to a MANTRA price recovery rally to $1.594.

OM Price Prediction: Can MANTRA Price Rebound 50% from the Lows?
MANTRA/USDT 1-day chart

So far, the team has announced that this event happened during “low liquidity hours on Sunday,” and that this was the doing of team members.

“To be clear, this dislocation was not caused by the team, the MANTRA Chain Association, its core advisors, or MANTRA’s investors selling tokens. Tokens remain locked and subject to the published vesting periods. OM’s tokenomics remain intact, as shared last week in our latest token report. Our token wallet addresses are online and visible.”

To conclude, the OM price action needs a few more days to develop before technical analysis or price prediction can be done clearly. In the mean time, updates from the team could also help boost the price of MANTRA higher.

Frequently Asked Questions (FAQs)

It’s possible, but the OM price prediction suggests a potential 328% rally to $1.594 if the weekly buy-side imbalance zone ($0.380-$0.540) holds.

The crash was attributed to insiders dumping tokens, according to many, although the team claims it was an incident during “low liquidity hours” caused by team members.

An official announcement explaining the crash, fixes, and steps to prevent similar incidents could rebuild trust and lead to a potential rally.

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Akash Girimath

Senior Cryptocurrency Analyst & Market Strategist Engineer-turned-analyst Akash Girimath delivers data-driven insights on cryptocurrency markets, DeFi, and blockchain technology for platforms like AMBCrypto and FXStreet. Specializing in technical analysis, on-chain analytics, and risk management, he empowers institutional investors and retail traders to navigate market volatility and regulatory shifts. A hands-on strategist, Akash merges active crypto portfolio management with research on Web3, NFTs, and tokenomics. At AMBCrypto, he led cross-functional teams to redesign content frameworks, achieving record-breaking traffic growth through scalable editorial strategies. His analyses dissect market sentiment, investment strategies, and price predictions, blending macroeconomic trends with real-world trading expertise. Known for mentoring analysts and optimizing workflows for high-impact reporting, Akash’s work is cited across global crypto publications, reaching 500k+ monthly readers. Follow his insights on YouTube, X, and LinkedIn for cutting-edge perspectives on decentralized ecosystems and crypto innovation.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Source: https://coingape.com/markets/om-price-prediction-can-mantra-price-rebound-50-from-the-lows/