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

BitcoincomNews

2025-04-17 10:31:00

Abstract generation in progress

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.

OM5.98%

NOT5.37%

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