Mantra Crypto Faces Prolonged Bearish Pressure as RSI Hits Oversold Extremes

Mantra crypto has continued its downward trajectory over the past week, closing consecutively lower from $0.4441 to $0.3745. 

That 15.7% decline reflects a deepening bearish sentiment that is further reinforced by technical indicators flashing warning signs. The digital asset remains under heavy selling pressure with key momentum indicators pointing toward continued weakness unless a reversal is triggered by a fundamental catalyst or a strong technical rebound.

Oversold Conditions Raise Mantra Crypto Bounce Potential

The Relative Strength Index (RSI) has now spent several days deeply below the 30 level, sitting at 22.1 on the latest daily close. This persistent oversold signal could hint at a short-term relief rally; however, RSI alone does not guarantee a reversal, especially when the broader trend remains negative. Momentum remains constrained, and sellers appear to be firmly in control.

Daily chart for OM/USD (Source: GeckoTerminal)

Meanwhile, the 9-day Exponential Moving Average (EMA) has trended lower from $0.4313 to $0.4069, while the 20-day EMA has dropped more steeply from $0.7145 to $0.6081 during the same five-day span. This growing divergence between the shorter- and longer-term EMAs shows that Mantra crypto is not only below both moving averages, but the rate of decline is accelerating — a clear bearish signal.

Importantly, Mantra crypto price action has failed to reclaim even the 9 EMA during intraday bounces, indicating that short sellers are likely defending this level as dynamic resistance.

MACD Shows Weak Recovery Attempt, But Still in Bearish Zone

The MACD line, while still in negative territory, is rising gradually and has narrowed the gap with the signal line over recent sessions. The histogram has printed smaller negative values from 0.1852 to 0.1492, which suggests a mild loss of bearish momentum for Mantra crypto. However, with the MACD line still well below the zero line, bulls need much stronger volume to convert this signal into a legitimate trend reversal.

Mantra crypto is approaching critical support at $0.359, which has historically acted as a local demand zone. A breakdown below this level could open the door to further downside, targeting $0.2137 and ultimately $0.0951 as next major support areas, should market capitulation set in.

On the upside, a relief bounce could encounter resistance at $0.4707, a recent minor swing high. If Mantra crypto bulls manage to push past this level, stronger resistance is located at $0.7461 and $0.7509 — both representing longer-term structural ceilings that would require a full sentiment reversal to breach.

Trade Strategy: Short Bias with Bounce Watch

For short sellers, the current Mantra crypto price action remains favorable below the 9 EMA. A failed attempt to reclaim $0.406–$0.420 could present an entry point for further downside targeting the $0.359 zone. However, tight stop-losses are advised above the 9 EMA, given the oversold RSI that could trigger a bounce.

For long traders, caution is warranted, but an aggressive countertrend play could be considered if OMUSDT forms a bullish divergence on the RSI or prints a reversal candlestick near $0.359. Any such trade should aim for the 9 EMA or $0.4707 as a near-term target with a firm stop below $0.35.

Final Thoughts

Mantra crypto is firmly in bearish territory on the daily chart, with all indicators aligning toward continued weakness. However, extreme RSI levels and a flattening MACD histogram hint that a temporary pause or corrective bounce is not off the table. Traders should remain nimble, watching closely for either a breakdown of critical support or a reversal pattern near oversold levels.

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.