MANTRA Price Prediction: Bear Flag Pattern Emerges, What Will Happen?

Updated

May 5, 2025

Gambar MANTRA Price Prediction: Bear Flag Pattern Emerges, What Will Happen?

Jakarta, Pintu News – In 2024, holders of OM-the native token of MANTRA’s real-world asset tokenization project-enjoyed a huge surge in profits. This positive trend even continued into the first few weeks of this year.

But on April 13, most of those gains simply vanished. Like a thief in the night, OM prices plummeted by 90%, shocking many investors.

Since then, the MANTRA team has been trying to recover the value of the token, but none of them have been successful.

Now, the most pressing questions are: what will happen to OM holders, and where will the token price go next?

MANTRA Price Prediction: OM Holders Still Feeling the Impact

About two months ago, 100% of OM token holders were still recording unrealized gains after the price hit an all-time record high of $8.99.

But now, according to data from IntoTheBlock, that has changed drastically-as many as 86% of these crypto holders are now suffering heavy losses.

This decline was mainly due to the collapse of OM prices in mid-April. Although the MANTRA team has been conducting token burns to reduce supply and promote a potential price recovery, the efforts have yet to bear fruit due to weak demand and lack of market interest.

In addition to token burn, the In/Out of the Money Around Price (IOMAP) metric shows that OM prices are likely to face pressure due to the large supply wall.

IOMAP analyzes the volume of tokens that are in an unrealized profit or loss state to identify key support and resistance zones.

In general, large volume in profit conditions indicates strongsupport, while large volume in loss conditions indicates potential selling pressure or resistance.

According to data from IntoTheBlock, the main resistance area is around $0.48. At this level, around 805 addresses were recorded to have accumulated over 24 million OM tokens. If the price approaches this zone, many holders will probably try to sell to break even, which could trigger a price correction.

Although OM’s price movement still shows a bearish trend, MANTRA under the leadership of John Patrick Mullin announced continuous improvements to their blockchain ecosystem.

Yesterday, @jp_mullin888 shared @token2049, we're making significant governance improvements to MANTRA Chain with a focus on decentralization.

That work begins today – with MCA6 being unwound.

By the end of Q2 2025, we'll have reduced internal validators by half and onboarded… https://t.co/XPQTSuzFnJ
— MANTRA | Tokenizing RWAs (@MANTRA_Chain) May 1, 2025

During the ongoing TOKEN2049 event, Mullin said that the team plans to reduce the number of internal validators by half this quarter. The move is part of a broader strategy to rebuild market trust and encourage network decentralization.

OM Price Analysis: Bear Flag Pattern Emerges

From a technical perspective, OM’s price outlook doesn’t look promising either, in line with the gloomy on-chain picture. Currently, the daily chart shows that the OM price has formed a bearish flag pattern.

The bearish flag pattern is a downtrend continuation pattern, which signals a potential further price drop after a brief consolidation phase. It forms after a sharp price drop(flagpole), followed by a mild upward or sideways movement(flag), before resuming the next decline.

In addition, the Bull Bear Power (BBP) indicator is still in negative territory, indicating that selling pressure is still more dominant than buying power.

If this situation continues, there is a possibility that the OM price will break the support level at $0.37. However, if buying pressure starts to increase and the bulls take over, this trend could change direction and OM prices could potentially rise to the $2 range.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

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