MANTRA Token Price Prediction – Will $OM Bounce Back to $1 Soon?

MANTRA (OM) has experienced a notable rebound after a period of extreme volatility, currently trading at approximately $0.78.

The asset had previously suffered a steep decline of over 90%, dropping to the low $0.40 range. Despite the dramatic fall, the recent recovery has seen the price nearly double within 24 hours, signaling potential stabilization.

A recovery plan has reportedly been put in place to help restore investor confidence, and while the full details remain unclear, discussions surrounding token burns and structural changes have emerged as possible remedies.

The trajectory of MANTRA has been anything but ordinary. Early investors, particularly those who entered during the coin’s earlier stages when it was priced around $0.01, are still enjoying substantial profits, in some cases up to 30-40x.

The asset had already witnessed a remarkable rally at the beginning of 2024, well before many other cryptocurrencies began their climbs later in the year. At its peak, the market cap surged from $50 million in 2022 to an astonishing $8 billion, a figure that has since shrunk to just 10% of that high.

Comparisons have been drawn to the infamous Luna Classic collapse, which had severe ripple effects across the broader crypto market.

However, in MANTRA’s case, the broader market appears unaffected, with Bitcoin maintaining a stable position above $84,000. This relative stability in the larger market contrasts sharply with the chaos surrounding MANTRA’s recent movements.

Source – Jacob Crypto Bury on YouTube

MANTRA Price Prediction

Technical analysis of the MANTRA charts reveals intriguing patterns. There is visible resistance around the $3.44 mark, and the price action has formed a symmetrical triangle structure.

This suggests a potential breakout could occur if key resistance levels are retested, possibly pushing the price to $1.35 — a target that would represent a 70% gain from current levels.

Indicators such as relative strength index (RSI) and trend wave metrics suggest the asset was oversold, pointing to an accumulation phase that may lead to another leg upward.

While skepticism remains about the authenticity of previous pumps — some of which seemed artificial — there is renewed speculation that $OM could recover, at least partially, especially if the planned reforms are implemented effectively.

Market participants are keeping a close eye on psychological levels, such as the $1 mark, which could act as both resistance and a confidence booster if breached. Despite the current optimism, the future remains uncertain.

The market is unpredictable, and while there are positive signals, outcomes are far from guaranteed. This moment presents a classic high-risk, high-reward scenario where strategic timing and clear-headed analysis are crucial for anyone considering involvement with the token.