The price of OM recovered 65% after falling 94% — What will happen next with MANTRA?

After the OM price fell sharply by 94%, MANTRA (OM) has returned to the spotlight. Despite the significant drop, OM has bounced back nearly 65% from the bottom, sparking new hope among traders. The big question now is whether OM can sustain this upward momentum and create a real recovery for MANTRA or if this is just a temporary reaction after the sell-off? The group’s response helped to calm the storm. Much of the panic surrounding the OM price crash was related to the fear of insider selling, but the MANTRA team quickly stepped in to clear up the matter. They confirmed that no core members, advisors or investors sold off tokens and that tokenomics remained completely intact. According to the group, the OM price collapse occurred during a low liquidity window on Sunday, not due to any breach of trust. While that has helped alleviate some fears, many in the community are still waiting to see what next steps the group will take to support MANTRA’s recovery. Can OM build enough trust for a real recovery? Some people are currently eyeing the potential for a 328% price increase if key levels hold, but that recovery depends on more factors than just hype. Clear communication from the team, stable volume, and price confirmation will be needed for any real recovery of MANTRA to be sustainable. Currently, it seems that OM needs a few more days to stabilize before making a strong move in either direction. As the noise begins to fade, the best way to understand what will happen next for the price of OM is to zoom in on the short-term chart. Analyze the price action of OM on April 15, 2025 The 5-minute OM/USDT chart shows a strong downward trend right from the start, marked by a descending channel leading the price down steadily. A decisive breakout occurred below the key support level of $0.565, confirming bearish control. However, this move did not last long, as the price quickly recovered, reclaiming the support area with a surge, indicating a bearish trap or a liquidity sweep. This recovery switched sentiment to bullish in the short term, as the RSI recovered from oversold levels and even entered overbought territory twice after the rebound.

However, the failure to break through the resistance level of $0.756 has led to the price stabilizing within a narrow range. The golden MACD crosses support the bullish efforts but are quickly overshadowed by consecutive death crosses, signaling a weakening bullish momentum. After the surge, OM entered a consolidation phase between $0.56 and $0.65, indicating hesitation near the recovered support level. The RSI is currently around 39, suggesting that the asset is trending downwards again. The MACD remains neutral but somewhat pessimistic, with recent death crosses dwarfing previous golden crosses. The price continues to respect the support zone but lacks the momentum to test higher resistance levels. This tug-of-war near the average range reflects uncertainty among traders. OM may continue to fluctuate between $0.56 and $0.65 unless there is a breakout supported by volume. A move above $0.65 can open up space to test $0.756, while the breakdown risks returning to lower support zones. Can OM turn the situation around? After a strong OM price drop and a sharp rally, OM finds itself in a wait-and-see zone. The panic may have subsided, but traders remain cautious. The group’s quick response helped allay concerns, but the real challenge now is whether they will take clear steps to support Mantra’s sustainable recovery. On the chart, OM is stuck between support and resistance, and indicators do not give strong signals in either direction. Until buyers enter in high volumes or the group gives more clarity, OM may only continue to move sideways. Currently, all eyes are on the $0.65 resistance and $0.56 support to see which is broken first.