MANTRA (OM) Price Falls 20% After All-Time High — More Downside Ahead

Key Takeaways

• MANTRA (OM) reached a new all-time high on Feb. 23.
• The MANTRA price has increased by 110% in 2025.
• Will OM continue to increase, or is the cycle top in?
• Interested in buying or selling MANTRA OM coin? Read our review of the best exchanges to buy and sell MANTRA OM.

The MANTRA price has been one of the few crypto assets to increase in 2025, defying the ongoing market correction.

The OM increase led to a new all-time high of $9.11 on Feb. 25, marking the top of a remarkable 15,000% increase since the start of 2024.

However, the price fell by 20% after the high, one of the steepest corrections during the uptrend.

Is this the start of the bear market, or will OM recover and move to new highs? Let’s find out.

OM Price All-Time High

The MANTRA price has increased rapidly since breaking out from a descending resistance trend line on Feb. 5.

The upward movement culminated with a high of $7.42 on Feb. 23 (red icon). While this initially caused a breakout from an ascending parallel channel, OM failed to sustain it and created a long upper wick, falling back inside the channel’s confines.

Today, the OM price trades at the channel’s support trend line at $7.20. Since channels usually contain corrective movements, a breakdown from it is the most likely future outlook.

If that happens, the closest support will be between $5.50 and $6.20, created by the 0.5-0.618 Fibonacci retracement support area.

Technical indicators are bearish. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are both falling, the latter having made a bearish cross (black circle).

As a result, a breakdown from the channel is the most likely future outlook, triggering another 20% decline.

Is MANTRA’s Bullish Trend Over?

The wave count aligns with the possibility of a breakdown and suggests the OM price might have started a long-term downward movement.

This is because OM completed a five-wave downward movement (green) in June 2024. Wave five was an ending diagonal, as noted by the parallel channel.

The 3-day RSI supports this bearish OM prediction, showing a lengthy bearish divergence (orange) that has been developing since November 2024.

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If the count is accurate, OM has started an A-B-C corrective structure (red). While the first portion of the increase could end at the previously outlined support at $5.50-$6.20, this is unlikely to end the entire correction.

Rather, wave C could end inside the long-term 0.5-0.618 Fibonacci retracement support zone of $3.90-$4.90.

Alternatively, breaking out above the channel’s midline will mean the upward movement has extended.

In that case, the OM price could reach the top of wave five at the channel’s resistance at $9.50 before beginning its correction.

More Downside Ahead

While MANTRA’s upward movement has been extremely impressive, the price shows signs of a long-term top.

A breakdown from the short-term channel can trigger a 20% decline, which will confirm the end of the long-term bullish trend.