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.
Since the weekend incident, the team has worked together across departments and time zones to provide this fact-based assessment of the events.
Here are the key facts and our further actions:
– There were no $OM sales by the MANTRA team during this period of market distress.
— JP Mullin (,
) (@jp_mullin888) April 16, 2025
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.
5/ You think you’re trading momentum. You’re actually trading structure.
And most of the time, that structure is built on assumptions that only hold when nothing goes wrong.
We’ve seen this before.
Tokens that looked like they had fundamentals, until something went wrong.
— Three Sigma (@threesigmaxyz) April 14, 2025
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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The post Can Traders Trust the MANTRA Price Bounce? Post-Mortem Report on Collapse Incoming appeared first on Cryptonews.
