Mantra dips below 0.50 USD after massive whale dump: Can OM recover?

The price of Mantra has decreased to 0.4152 USD from over 6 USD due to a whale’s sell-off of 2 million OM, resulting in a loss of 25.44 million USD.

Bearish signals prevail in the market, with Net Network Growth at 0.69%, large transactions down by 11.29%, and the MVRV Z-score at -2.36, indicating unrealized losses.

Although the RSI shows oversold conditions, the lack of bullish catalysts means Mantra’s recovery remains uncertain. The market may continue to struggle without fresh demand.

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