{"id":704,"date":"2025-03-21T12:45:07","date_gmt":"2025-03-21T12:45:07","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=704"},"modified":"2025-03-21T12:45:09","modified_gmt":"2025-03-21T12:45:09","slug":"why-mantra-om-could-explode-soon-march-2025","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/why-mantra-om-could-explode-soon-march-2025\/","title":{"rendered":"Here\u2019s Why Mantra (OM) Could Explode Sooner Than Expected !"},"content":{"rendered":"\n

A Large-Scale Accumulation Detected<\/h2>\n\n\n\n

According to SpotOnChain, a significant accumulation event has occurred over the past four days. In total, 61.52 million tokens (OM)<\/strong>, representing 3.4% of the total supply, have been withdrawn from Binance by 19 new wallets<\/strong>, likely belonging to a single entity. These purchases were made at an average price of $6.82<\/strong>, amounting to an impressive total of $420 million.<\/p>\n\n\n

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\"mantra
Source : @spotonchain on X<\/figcaption><\/figure>\n<\/div>\n\n\n

<\/p>\n\n\n\n

Despite this massive accumulation, the entity in question is currently facing a latent loss of $14.2 million<\/strong>, representing a 3.39% decline. The scale and timing of this accumulation suggest that institutional investors are positioning themselves for a potential upward move on (OM)<\/strong>, even as the market experiences short-term corrections<\/strong>.<\/p>\n\n\n\n

A Double Bottom Forming ?<\/h2>\n\n\n\n

The technical analysis of (OM) price<\/strong> indicates the formation of a double bottom<\/strong>, a pattern often associated with bullish trend reversals. This pattern occurs when an asset finds support at a key level twice, signaling that sellers are losing momentum while buyers start to intervene.<\/p>\n\n\n\n

(OM) initially rebounded from the $6 support<\/strong> to its neckline at $7.06<\/strong>. A second test of this level might be underway as it loses support from its 50-day moving average. If the price manages to hold at this level<\/strong> and reverse upwards, it could confirm the double bottom and pave the way for a bullish breakout<\/strong> above the neckline at $7.06. Such a setup, accompanied by significant volumes, could trigger a significant recovery move. The crypto<\/a> would then target the next major resistance levels at $8.19 and $9.08<\/strong>.<\/p>\n\n\n

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\"mantra
Source : TradingView<\/figcaption><\/figure>\n<\/div>\n\n\n

However, if (OM) fails to defend the $6 support<\/strong>, this pattern would be invalidated, increasing the likelihood of further downside. Traders<\/a> will need to monitor the price action evolution<\/strong> closely in the days ahead.<\/p>\n\n\n\n

A Pivotal Moment for Mantra (OM) : Is it the Right Time to Invest ?<\/h2>\n\n\n\n

Mantra (OM) is at a critical juncture<\/strong> where accumulation data and technical indicators point towards a potential bullish trend reversal. If significant buyers continue their purchases and (OM) manages to defend the $6 support, the chances of a bullish breakout from the double bottom<\/strong> increase. However, broader market factors, including Bitcoin<\/a> performance and Ethereum price movements, need to be considered.<\/p>\n\n\n\n

These will play a crucial role in determining whether (OM) can sustain its momentum<\/strong> or face additional downside pressure. So, is it the right time to buy OM<\/strong>? If you want to invest today, here’s how to do it with Bitget :<\/p>\n\n\n\n

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  1. Create an account on Bitget<\/a> by registering with an email address and completing KYC verification.<\/li>\n\n\n\n
  2. Deposit funds via credit card, bank transfer, or crypto transfer.<\/li>\n\n\n\n
  3. Look for OM\/USDT<\/strong> in the Spot or Futures section.<\/li>\n\n\n\n
  4. Place your buy order based on your strategy (market, limit, futures).<\/li>\n\n\n\n
  5. Confirm the transaction and find your tokens directly in your account.<\/li>\n<\/ol>\n\n\n\n
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    Buy Mantra (OM) easily on Bitget !<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

    More on this topic :<\/strong><\/p>\n\n\n\n