Mantra Prices Cyla Others below 0,4 USD AS RSI Hits 17

The Token Mantra Protocol, OM, has dropped below the 0.40 USD tag, raising concerns among merchants as technical indicators, propose strong sales pressure.

The power of the price of Mantra follows weeks of volatility. Mantra (OMA) 6.2% and almost 94% reduced in the last 24 hours in the last 24 hours. After a strong appearance in K1, 13. April 13. April Mantra Token Crash has actually seen a drop of about 6.39 to $ 0.37 in a few hours. Market capitalization of Mantra fell from $ 6 billion to less than $ 700 million.

The project has credited the collapse on forced liquidations This happened during the weekend’s trading hours when it was a small liquidity. The team denied that the binance was involved, but no special exchange was mentioned. In addition to denying the report on the sale of Insiders, the Director General John Mullin published data on chain showing that team tokens remained locked up.

To calm down on the market, Mullin promised burn 150 million His faces of the Token, part of the team distribution from October 2024. Initiating Mainnet. If the combustion was completed 29 April.

Another 150 million OM of partner ecosystems has also been set aside combustionAdoption of total 300 million tokens, approximately 16.5% of the total bid. The price has not yet changed much, suggests that investors are not yet confident.

OM continues to trade below significant levels of support. The 20-day estimated average is about $ 0.51, and the 50-day EMA is about $ 0.74. The price is currently significantly below both, indicating a strong bear trend.

On a daily, the relative strength index fell to 17.18, one of the lowest levels of fall, indicating that a recent trend of the downward could be excessive. Release could appear if customers start intervening and RSI grows from their current levels.

OM can move towards a resilience zone to $ 0.50, which corresponds to the 20-day Emma if it breaks over $ 0.42. Daily closure above $ 0.54, which would regain the consolidation range after accident, would provide additional confirmation of the Bils.

If the current sales pressure continues to lose $ 0.37 support, the following psychological support is $ 0.30. The violation of this level would signal the new locally and opened the door for further decline if the sales panic continues.

Mantra The team has, meanwhile, promised additional changes, including further decentralization of validators and upgrading to management. Over time, these actions could contribute to the renewal of trust, but for now the price remains very unpredictable.