Is Mantra Crypto Ready to Explode? Chart Signals You Can’t Ignore
Recent price action for the Mantra crypto continues to reflect a broadly bearish structure, but momentum indicators suggest that the aggressive sell-off may be losing steam.
The daily RSI has begun to rise from deep oversold levels, hinting that bears could be running out of fuel. While the RSI is still far from neutral territory, the uptick implies that sellers may be exhausted — a necessary condition for a potential rebound.
MACD Histogram Signals Momentum Shift
The MACD histogram has been steadily climbing over the past few sessions, despite the MACD line still being below the signal line. This consistent increase in the histogram reflects a slowdown in bearish momentum. Although a bullish crossover hasn’t yet formed, the convergence of the MACD and signal lines suggests one could be imminent, reinforcing the idea that a reversal may be forming.
Daily chart for OM/USD (Source: GeckoTerminal)
The 9-day EMA is starting to flatten out after following the price lower for days, which typically signals indecision in the market. However, the Mantra crypto price still trades significantly below the 20-day EMA — a reminder that bulls have more work to do to reverse the trend. If buyers can push price back above the 20 EMA, it would mark a key shift in momentum and trend bias.
Key Resistance Levels to Watch For Mantra Crypto
The Mantra crypto price faces immediate resistance around $0.4465, which must be cleared convincingly before any sustainable rally can occur. Beyond that, $0.7461, $0.7509, and $0.7753 serve as critical resistance zones where sellers are likely to reappear. A breakout above these levels could potentially trigger a trend reversal and signal bullish continuation.
On the downside, $0.359 remains a critical support level, having held during the last wave of selling. A breakdown below this point could open the door to a retest of $0.21377, with a final line of defense near $0.09515. These lower supports are vital in the event of renewed bearish pressure or failed bullish momentum.
For bullish traders, an entry opportunity could present itself if the Mantra crypto price breaks above $0.4465 with confirmation from momentum indicators such as a MACD crossover. Profit targets could be set near the $0.7461–$0.7753 range.
Short sellers, on the other hand, may look to reenter positions on failed rallies near those same resistance zones, particularly if volume fades or if RSI remains suppressed in a bearish range.
Conclusion
Although the Mantra crypto price remains under pressure, technical indicators are pointing to a potential bottoming process. Traders should watch for confirmation of strength before committing to long trades, while remaining cautious of deeper support breakdowns.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Ecoinimist is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
