Mantra token (OM) to $4 on return to market structure40 days ago on April 13th price action corrected 95% (if this is not enough convince you the Crypto tokens are a Ponzi scheme I don’t know what is), a number of reasons now exist for traders to open a long position into the remaining sell orders of the once project faithful. The reasons?
1. Price
OM/USDT mid-long trade OM has recently experienced a flash crash, dropping 95–97% from its all-time high, and is now sitting at a market cap of around $300M.
Despite the brutal correction, a positive sign is that the team remains active and committed to recovery efforts — a green flag in a sea of red.
From a risk-reward
MantraDAO Easy 810% Target —Sell High, Buy Low!Just as selling and profit taking happens naturally when prices trade high near a new All-Time High, buying also happens naturally at support.
OMUSDT was trading at a new All-Time High in February 2025 and smart traders and holders took profits. This taking profits results in a long-term higher low
Mantra's -90% Liquidation event: Why Market-Wide Danger LoomsLast night (April 13th) the Mantra (OM) project saw its market capital drop from $6.11B to $419m!
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From the team
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JP Mullin (CEO of @MANTRA_Chain) remarks at BTCON RWA Summit today on CRYPTOCAP:OM price act
FINAL LEG OF THE ZIGZAG CORRECTION ?Yello, Paradisers! Are we about to see the end of this correction, or is there still one more shakeout coming? Let’s break it down.
💎The market is currently unfolding within a Zigzag Correction (A-B-C) pattern, and we appear to be in Wave C the final leg of this structure. Wave A has already played
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.