- OM’s price dropped to $0.15 after participants began to book profits.
- A retest of $0.19 looked possible, but traders should watch out for key support points.
- Buying momentum had become weak, suggesting that the bullish thesis could be invalidated.
The price of MANTRA (OM) has pulled back despite gaining as much as 136% in the last 30 days, CoinMarketCap revealed. As of this writing, MANTRA’s price was $0.15. But before the recent decrease, the token jumped as high as $0.19.
The fall to $0.15 represents an 8.18% decrease in the last 24 hours. It is noteworthy to mention that OM’s price action was different from that of most altcoins. As 2024 began, a lot of altcoins, including Solana (SOL) and Avalanche (AVAX) erased a chunk of the gains they had in 2023.
OM’s initial attempt at a rally was resisted on January 22. This rejection caused the token to fall to $0.07. The Bulls attempted the move again on January 25, but again, the move was rejected.
However, OM bounced off the $0.10 support on February 1 and reached a peak of $0.19 three days later. So far, profit-taking has triggered a decline in OM’s price, and as it st…
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