OM token had a dramatic rebound, soaring over 50% in a single day after touching record lows just days earlier. This rapid recovery surprised many investors, suggesting trust in the project amid a difficult market. The bounce-back comes after a stunning crash that rocked the community, making this rebound a vital moment for Mantra crypto’s future.
Mantra Price Crash and Causes
On April 13, 2025, the OM price dropped about 90%, plummeting from roughly $6.30 to under $0.60 in hours, wiping away billions in market cap. The slump stunned investors and generated accusations of insider dumping, but Mantra’s management denied any token sales, blaming the collapse on forced liquidations on centralized exchanges during low liquidity periods.
There were no substantial token inflows before the crash, suggesting panic selling by regular investors rather than a concerted dump. A huge wallet moving 3.9 million MANTRA crypto tokens on OKX sparked concern, but the organization says tokens remain locked under vesting requirements. This event uncovered flaws in token control and exchange practices, bringing analogies to the 2022 LUNA catastrophe.
Technical and Market Analysis of the Recovery
After plummeting to a low of $0.37, OM staged a sharp rebound, briefly soaring over 200% to about $1.10 before settling near $0.60. This rally was underpinned by a jump in trade volume, reaching $212 million, which showed fresh interest. Technical indicators indicate that the Relative Strength Index (RSI) is recovering from oversold levels, but the MACD has produced conflicting signals, with recent bearish crosses tempering positive momentum.
The coin presently trades near critical support levels, notably the 200-day EMA, which may function as a floor for additional increases. Mantra’s focus on real-world asset tokenization, backed by collaborations like the $1 billion deal with Dubai’s DAMAC Group, adds fundamental strength. However, caution continues as the token confronts resistance near $0.75, and market observers await clearer signs of sustained improvement.
The Mantra community remained divided after the crash, with some investors expressing anger over the company’s lack of clear communication. Social media activity reflects mixed feelings: hope from those backing recent alliances like DAMAC’s $1 billion acquisition and distrust spurred by rumors of insider involvement. Official channels have been quiet, creating doubt. Despite this, many traders perceive the current price rebound as a sign of future recovery, generating spirited debates across crypto forums.
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