MANTRA (OM) on the daily timeframe remains in a clear long-term downtrend, defined by lower highs and lower lows since April. A well-respected descending trendline has capped the price for months. Recently, price compressed near this resistance, suggesting selling pressure exhaustion and a potential structural shift if broken decisively.
According to crypto analyst @clifton_ideas, Strong demand is visible around the $0.065–$0.075 zone, which has acted as a firm base with multiple defenses and long lower wicks. Price compression beneath the descending trendline forms a descending wedge structure. A confirmed daily close above the trendline signals a bullish breakout and trend reversal.
On confirmation, upside targets lie at $0.12, $0.18, and the major projected target zone of $0.32–$0.35, representing a 300–400% move. Failure or rejection risks a breakdown below $0.065, exposing downside targets at $0.055 and potentially sub-$0.05 levels. Confirmation remains essential.
Also Read: MANTRA (OM) Price Eyes $0.33 as Weekly Gains Hit 8.85%
MANTRA Momentum Signals Show Early Stabilization
The weekly RSI is close to 31.5, just above the oversold level of 30. This is an indication that the selling momentum has slowed down, and the downside momentum is weakening. However, the fact that the weekly RSI is below 50 is an indication that the overall trend is still negative.
The MACD is still below the zero line, and this further reinforces the prevailing bearish trend for the weekly chart. However, the histogram is now positive and steadily increasing, and this further reinforces the weakening of the bearish pressures. The MACD and signal lines are also converging.
Token Consolidation Becomes Urgent
Now that the use of ERC20 OM is completely deprecated, attention turns to OM tokens in the Cosmos ecosystem. To ensure that the 4:1 distribution in the company upgrade on March 2 is secure, owners need to gather their OM. This is to ensure that any dispersed OM is reclaimed to qualify for the conversion opportunity in the forthcoming network transition.
The importance of consolidating OM tokens lies in the fact that MANTRA still possesses 44,790 OM, which emphasizes the need to take immediate action. IBC those back to MANTRA. This will ensure that everything is kept at one location. This will also ensure a smooth upgrade process and participation within the new MANTRA economy.
Also Read: MANTRA CEO Burns $82M in OM Tokens to Rebuild Trust After $5B Crash
