MANTRA (OM): current price, analysis and future scenarios between bull and bear

The token MANTRA (OM) stands at 0.3987 USD with a slight daily growth of 0.77%, showing signs of activity in the bull and bear market of DeFi and Web3.

Summary

• Current state of the token OM (Mantra)
• Trend of the OM token price (Mantra): technical analysis
• Bullish scenario: what could make OM rise
• Bearish scenario: the risks for the price

Current state of the token OM (Mantra)

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The OM token of MANTRA is currently trading at 0.3987 USD, with a market capitalization of approximately 382.5 million dollars and a 24-hour trading volume of 188.9 million USD, up by 68.61%. This increase in volumes indicates a renewed interest from investors.

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The sentiment of the community appears divided: 59% of users express a bull view, while 41% maintain a bear position. The buyers’ dominance index suggests a slight prevalence of buyers.

Main fundamental data:

• Market Cap / TVL: 30,164.68 (extremely high value, indicative of a low Total Value Locked compared to the capitalization)
• Circulating supply: 959.24 million OM out of a total of 1.66 billion
• FDV (Fully Diluted Valuation): 665.68 million USD
• CoinMarketCap profile score: 66%

Trend of the OM token price (Mantra): technical analysis

The daily chart shows an initial bear phase followed by a clear trend reversal. The price hit a low near 0.379 USD, then bounced back up to 0.420 USD, before consolidating in the current area.

This behavior suggests a strong support zone around 0.38 USD and a visible resistance around 0.42 USD.

Key indicators:

• Increasing volume: possible signal of accumulation
• Short-term bullish trend: series of rising lows
• Possible breakout: if the resistance at 0.42 USD is surpassed, it could trigger a rally towards 0.45–0.48 USD

Bullish scenario: what could make OM rise

In the current context, several elements could support a bull trend:

1. Increase in trading volume: signal of greater institutional or retail interest.
   
2. Strategic positioning of Mantra in Web3: the project offers governance and staking tools, increasingly sought-after elements.
3. Partnership and future announcements: potential DeFi collaborations could attract capital.
   
4. Breakout of the resistance at 0.42 USD: it would lead the price to higher levels, potentially up to 0.48 USD.
   

Bearish scenario: the risks for the price

However, there is no shortage of risks that could push the OM token downwards:

1. High FDV compared to TVL: it could indicate overvaluation in the long term.
2. Selling pressure after recent rises: short-term traders might take profits.
   
3. Possible technical rejection at 0.42 USD: it could trigger a return towards 0.38 or even 0.36 USD.
   
4. Negative macro sentiment: a Fed tightening or crashes in the crypto markets could weaken OM.

The MANTRA token (OM) is at a critical point, with moderately positive technical signals but key resistances still to overcome. The increasing volume and positive community sentiment indicate a potential continuation of the bull trend, but the macro and technical risks remain significant.

Exceeding the threshold of 0.42 USD will be crucial: from there, a new, more sustained bull phase could start. Otherwise, watch out for the support levels around the 0.38 USD area.

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