Can Traders Trust the MANTRA Price Bounce? Post-Mortem Report on Collapse Incoming 

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Harvey Hunter

Junior Content Creator

Harvey Hunter

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Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.

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Last updated: 

April 16, 2025

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Many have been quick to rule out the once altcoin front-runner after a weekend market event triggered a 90% Mantra price collapse, but an upcoming post-mortem report stands to set the record straight.

The new week has seen a buy-the-dip rally take shape, with OM rebounding 90% to $0.70—still far below its $6.15 pre-crash level.

Yet, traders remain wary. Whale sell-offs and controversial tokenomics continue to cloud sentiment, keeping the altcoin’s place in the “best crypto to buy” conversation in question.

Should Traders Really ‘Buy-the-Dip’ On Mantra

The statement of events released credits the event to the forced closure of significant OM positions initiated by centralized exchanges, rather than insider activity.

Commenting on the event, Binance noted that a warning had been placed on the OM trading page since January, citing dramatic changes in the tokenomics and increased token supply.

Blockchain auditor ThreeSigma echoed these concerns, alleging that Mantra’s core team controls roughly 90% of the token supply.

The firm highlighted the centralization risk and opaque governance, drawing comparisons to past high-profile collapses like Terra Luna (LUNA).

These underlying structural risks remain unresolved, leaving investors wary of another potential breakdown.

Mantra Price Analysis: Is this the Bottom for OM?

The Mantra price now stands at a critical juncture, with the symmetrical triangle pattern formed post-flash crash on the verge of a potential breakdown.

The token is currently retesting the pattern’s lower support zone. A decisive breach here could see OM tumble toward $0.4650—a 30% drop from current levels.

Alternatively, a rebound at support could launch a recovery, targeting the triangle’s upper resistance.

A confirmed breakout from the pattern projects upside toward $1.55, marking a possible 120% Mantra price gain.

Momentum indicators appear to favor bullish continuation. The MACD line holds above the signal line following a golden cross—a signal of sustained buying pressure.

Meanwhile, the Relative Strength Index (RSI) sits well below the oversold threshold at 17, indicating that selling pressure may be exhausted for now.

Still, sentiment hangs in the balance. All eyes are on the upcoming post-mortem report, which could spark a decisive shift in market direction.

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Traditional creator-subscriber platforms often take hefty cuts—up to 20%—while giving users little agency over their communities.

SUBBD flips the script, cutting out the middleman and putting the power directly in creators’ hands—to great support with over $180,000 raised in the first few weeks of its presale.

These perks extend to fans in an access-driven ecosystem. Token-gated content, discounts, and early access allow supporters to engage with their favorites in a meaningful way.

You can keep up with SUBBD on X, Telegram, and Instagram, or join the presale on the SUBBD website.