Will Mantra Coin(OM) Recover After 90% Crash?Market Impact & Future Outlook.

COIN-0.48%
NOT-3.16%
  • Despite a bullish altcoin market, mantra (OM) crashed 90% in 7 days, from ~$6.41 to ~$0.69.
  • Speculation of stealth dumping or forced liquidations due to large pre-crash transfers to exchanges.
  • Analysts cite centralized exchange dominance, thin liquidity, and automated liquidations, not a rug pull.
  • Technical indicators remain bearish with OM below $0.70, low RSI (36.97), and weak volume. Resistance near $1.00–$1.20.
  • On-chain data shows steady TVL ($342.2M) and 50% of market cap staked, but $199M in open borrowing adds risk.
  • Short-term outlook is bearish unless Mantra DAO offers updates, burns tokens, and takes credible recovery actions.
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GateUser-6fd57c8evip
· 2025-04-17 14:57
Hold on tight, we're taking off To da moon 🛫
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Doomweyvip
· 2025-04-17 10:39
Independent fall market
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