{"id":51870,"date":"2025-05-05T12:12:33","date_gmt":"2025-05-05T12:12:33","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/can-mantra-om-price-rebound-as-rsi-dips-below-20\/"},"modified":"2025-05-05T12:12:33","modified_gmt":"2025-05-05T12:12:33","slug":"can-mantra-om-price-rebound-as-rsi-dips-below-20","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/can-mantra-om-price-rebound-as-rsi-dips-below-20\/","title":{"rendered":"Can MANTRA (OM) price rebound as RSI dips below 20?"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/shutterstock_2119648130-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/shutterstock_2119648130-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/shutterstock_2119648130-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/01\/shutterstock_2119648130-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>The Mantra (OM) token has fallen below $0.40, with RSI at 17.18, signalling oversold conditions.<\/li>\n<li>300M OM tokens are scheduled for burning to curb supply, but price recovery remains elusive.<\/li>\n<li>The Mantra team also plans governance reforms to restore trust, though volatility persists.<\/li>\n<\/ul>\n<p>The Mantra protocol\u2019s native token, OM, has plunged below $0.40, igniting speculation about a potential rebound as its Relative Strength Index (RSI) drops to an oversold level of 17.18.<\/p>\n<p>This steep decline follows a dramatic crash in April 2025, erasing billions in market capitalisation and shaking investor confidence.<\/p>\n<p>With technical indicators flashing extreme bearish signals and the MANTRA team implementing token burns and governance reforms, the question looms: can OM recover, or is further downside inevitable?<\/p>\n<h2>A catastrophic OM token crash and lingering fallout<\/h2>\n<p>On April 13, 2025, <a href=\"https:\/\/coinjournal.net\/news\/mantras-om-token-plunges-92-as-ceo-proposes-supply-burn-and-buyback-plan\/\">MANTRA\u2019s OM token plummeted from $6.30 to $0.37 in mere hours<\/a>.<\/p>\n<p>The collapse slashed the project\u2019s market capitalisation from $6 billion to under $700 million.<\/p>\n<p>Attributed to forced liquidations during low-liquidity weekend trading, the crash sparked rumours of exchange involvement, which the team swiftly denied.<\/p>\n<p>CEO John Mullin released on-chain data to counter claims of insider selling, confirming that team-held tokens remained locked.<\/p>\n<p>In response to the crisis, MANTRA\u2019s leadership took decisive action to curb selling pressure.<\/p>\n<p>CEO John Mullin <a href=\"https:\/\/www.binance.com\/en-IN\/square\/post\/23577785363393\">burned 150 million staked OM tokens<\/a> from the team\u2019s allocation on April 29, 2025.<\/p>\n<p>An additional 150 million tokens from ecosystem partners are slated for destruction, totalling 300 million OM\u2014roughly 16.5% of the total supply.<\/p>\n<p>This significant reduction aims to tighten supply and bolster investor confidence.<\/p>\n<p>However, the market has yet to respond, with OM lingering below key technical thresholds, suggesting scepticism persists.<\/p>\n<p>Beyond token burns, MANTRA\u2019s team is pursuing structural changes to rebuild trust.<\/p>\n<p>Plans for decentralising validators and upgrading governance aim to enhance the protocol\u2019s resilience and transparency.<\/p>\n<p>These initiatives, while promising, require time to materialise and may not immediately impact price action.<\/p>\n<p>Despite these efforts, investor trust remains fragile, with OM struggling to regain footing.<\/p>\n<p>Market participants remain cautious, with volatility dominating OM\u2019s short-term outlook.<\/p>\n<p>The success of the introduced reforms could determine whether MANTRA regains its former stature or continues to falter.<\/p>\n<h2>Technical indicators show the OM token is in an oversold region<\/h2>\n<p>From a technical analysis point of view, MANTRA\u2019s price now sits well below its 20-day EMA of $0.51 and 50-day EMA of $0.74, underscoring a pronounced bearish trend.<\/p>\n<p>However, the daily Relative Strength Index (RSI), at 17.01, marks one of the lowest levels since the April crash, indicating extreme oversold conditions.<\/p>\n<p>Historically, RSI readings below 20 often precede relief rallies, as buyers capitalise on perceived undervaluation.<\/p>\n<p>In addition, the MACD has turned bullish with a crossover and the histogram moving above the zero line.<\/p>\n<figure id=\"attachment_304713\" aria-describedby=\"caption-attachment-304713\" class=\"wp-caption alignnone\"><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"size-full wp-image-304713\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/05\/Mantra-price-chart.png\" alt=\"Mantra price chart\" width=\"1341\" height=\"805\"\/><figcaption id=\"caption-attachment-304713\" class=\"wp-caption-text\"><a href=\"https:\/\/in.tradingview.com\/symbols\/OMUSD\/\">Mantra price chart<\/a> by TradingView<\/figcaption><\/figure>\n<p>If buying momentum emerges, OM could target the $0.42 resistance, with a break above $0.54 signalling stronger bullish confirmation.<\/p>\n<p>Conversely, failure to hold the $0.37 support risks a slide to $0.30, potentially deepening panic selling.<\/p>\n<h2>Can Mantra price stage a comeback?<\/h2>\n<p>The convergence of an oversold RSI, significant token burns, and planned protocol upgrades creates a complex outlook for MANTRA.<\/p>\n<p>While technical indicators hint at a possible relief bounce, sustained recovery hinges on restored investor confidence.<\/p>\n<p>The $0.42\u2013$0.54 price range will be critical for bulls to reclaim, while a drop below $0.37 could intensify bearish sentiment.<\/p>\n<p>As MANTRA navigates this turbulent period, its ability to execute on promised reforms and stabilise price action will shape its path forward.<\/p>\n<p>For now, traders watch closely, weighing the potential for a rebound against the risk of further declines.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  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The Mantra team also plans governance reforms to restore trust, though [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":51871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51870"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=51870"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/51870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/51871"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=51870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=51870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=51870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}