MANTRA (OM) Struggles to Rebound — $0.50 Level Crucial for the Next Move

The OM price crashed from $5.21 to less than $0.50 on April 14, triggering speculation of a rug pull and drawing comparisons to the infamous LUNA crash of 2022.

MANTRA bounced the next day but failed to sustain any rally, quickly returning to its $0.50 lows.

With the price teetering on the edge of a breakdown, the main question is whether OM can mount a reversal or if the downward trend will continue to new lows.

OM Price Crashes

The OM price has been one of the best performers in the crypto market since the start of 2024.

MANTRA’s upward movement led to a new all-time high of 9.17 in February 2025, a remarkable rise of over 52,000% since the all-time low.

The OM price decrease was initially gradual but accelerated on April 14.

Initially, OM bounced at the $0.70 horizontal support area (green icon), creating a long lower wick.

However, it closed below the horizontal area the following week. The $0.70 area will likely act as resistance moving forward.

Technical indicators are bearish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are falling.

The RSI is below 50 while the MACD is negative, both indicative of a bearish trend.

The weekly time frame suggests that the OM price will continue falling until it reaches the $0.25 horizontal support area.

New Lows Incoming

MANTRA’s short-term outlook is also unfavorable, pointing to another breakdown as the most likely future outlook.

The main reason for this bearish OM price prediction is the descending triangle created on April 14.

Besides being a bearish pattern, the triangle transpires after a significant downward movement, making a breakdown even more likely.

An OM decrease that travels the entire pattern’s height will cost $0.23, close to the previously outlined long-term horizontal support.

MANTRA Will Not Recover

The technical analysis of the weekly and daily OM time frames shows that the price has broken through a critical horizontal support level.

The short-term outlook is pessimistic. A bearish pattern exists, and a breakdown could trigger another 50% price decrease.

About the Author

Valdrin Tahiri

Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.

He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.

Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.

He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.

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