The post Mantra (OM) Price Risks Further Drop as Death Cross Nears appeared on BitcoinEthereumNews.com.

Mantra (OM) is down 20% over the last 30 days and 5% today. Despite this recent correction, it remains the second-largest RWA (real-world asset) token in the market. The technical outlook shows growing signs of weakness, with indicators suggesting the current consolidation could shift into a downtrend. At the same time, key support levels are being tested, and a potential death cross is forming on the EMA chart. Mantra ADX Shows The Current Consolidation Could Change Mantra’s ADX is currently at 22.96, a drop from 26.5 just a day ago, signaling a weakening trend. The ADX, or Average Directional Index, measures the strength of a trend without indicating its direction. Readings below 20 generally suggest a weak or non-trending market, while values above 25 indicate a strong trend is forming or in progress. OM ADX. Source: TradingView. With OM’s ADX now slipping below the key 25 threshold, it suggests that the previous trend—a consolidation—may be losing strength. The drop also aligns with early signs of a potential shift toward a downtrend, especially if selling pressure builds. If the ADX continues to fall while bearish momentum rises, it could confirm that Mantra is transitioning out of consolidation and into a downward phase. Ichimoku Cloud Shows A Bearish Trend Could Intensify Mantra’s Ichimoku Cloud chart currently shows a market in hesitation, with the price moving along the edge of the cloud. This positioning reflects a state of consolidation, where neither buyers nor sellers have full control, as Mantra keeps its position as the second biggest RWA coin in the market. The Tenkan-sen (blue) and Kijun-sen (red) lines are flat and close together, a typical sign of weak momentum and sideways movement in the short term. This setup often precedes a breakout, but the direction remains uncertain until a clear move occurs. OM…

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Filed under: News - @ March 27, 2025 2:18 am