Iris Coleman
Oct 17, 2025 23:23
MANTRA (OM) trades at $0.12 following a 3.3% decline as Bitcoin’s drop below $110,000 and Federal Reserve hawkish signals weigh on cryptocurrency markets.
Quick Take
• OM trading at $0.12 (down 3.3% in 24h)
• Bitcoin’s fall below $110,000 triggering broader crypto sell-off
• Federal Reserve signaling potential rate hikes pressuring risk assets
• OM testing lower Bollinger Band support near $0.10
Market Events Driving MANTRA Price Movement
The OM price has faced significant downward pressure over the past 48 hours, primarily driven by Bitcoin’s decline below the psychologically important $110,000 level. This cryptocurrency market leader’s weakness has created a cascading effect across altcoins, with MANTRA experiencing a 3.3% decline in the last 24 hours.
Adding to the bearish sentiment, the Federal Reserve’s signals regarding potential interest rate increases to combat inflation have spooked investors across risk assets. The central bank’s hawkish stance has historically led to capital outflows from cryptocurrencies as investors seek safer, yield-bearing traditional assets. This macroeconomic headwind has overshadowed MANTRA’s recent positive development.
Despite the broader market pressure, MANTRA did announce a strategic partnership with a major financial institution to enhance DeFi services earlier this week. However, this fundamental positive has been overwhelmed by the macro-driven sell-off affecting the entire cryptocurrency sector.
OM Technical Analysis: Testing Lower Support Zone
Price Action Context
The OM price currently sits well below its key moving averages, with the token trading at $0.12 compared to its 20-day SMA of $0.15 and 50-day SMA of $0.18. This positioning indicates continued bearish momentum in the near term. MANTRA technical analysis shows the token is closely following Bitcoin’s price action, maintaining its historical correlation during market downturns.
Trading volume on Binance spot market reached $9.6 million in the past 24 hours, suggesting moderate institutional interest despite the price decline. The elevated volume during the sell-off indicates genuine selling pressure rather than low-liquidity price manipulation.
Key Technical Indicators
The RSI reading of 36.33 places OM in neutral territory but trending toward oversold conditions, potentially setting up for a technical bounce. The MACD histogram shows bearish momentum at -0.0012, confirming the current downtrend remains intact.
Most notably for MANTRA technical analysis, the Bollinger Bands position shows OM trading near the lower band at $0.10, with the current %B position at 0.1981 indicating proximity to oversold levels.
Critical Price Levels for MANTRA Traders
Immediate Levels (24-48 hours)
• Resistance: $0.13 (24-hour high and immediate technical bounce target)
• Support: $0.10 (Bollinger Band lower boundary and psychological level)
Breakout/Breakdown Scenarios
A break below $0.10 support could accelerate selling toward the strong support zone at $0.03, representing the 52-week low territory. Conversely, a recovery above $0.13 would need to reclaim the $0.15 level (20-day SMA) to signal any meaningful technical improvement.
OM Correlation Analysis
Bitcoin’s influence on OM price remains pronounced, with MANTRA following the broader cryptocurrency market’s risk-off sentiment. The correlation has strengthened during this sell-off period, typical behavior for altcoins during Bitcoin weakness.
Traditional markets are also weighing on cryptocurrency sentiment, with the Federal Reserve’s hawkish signals affecting risk asset appetite across all sectors. This macro correlation suggests OM price movements will likely continue tracking broader market sentiment in the near term.
Trading Outlook: MANTRA Near-Term Prospects
Bullish Case
A technical bounce becomes increasingly likely as OM approaches oversold RSI levels and tests Bollinger Band support. Recovery above $0.13 resistance, combined with Bitcoin stabilization above $110,000, could target the $0.15-$0.18 resistance zone where multiple moving averages converge.
Bearish Case
Continued Federal Reserve hawkishness and Bitcoin weakness below $110,000 could pressure OM toward the $0.10 support break. A decisive move below this level opens downside toward $0.03, particularly if broader crypto market sentiment deteriorates further.
Risk Management
Conservative traders should consider $0.09 as a stop-loss level below current support, representing roughly 25% downside risk from current levels. Given the Daily ATR of $0.02, position sizing should account for continued volatility in the current macro environment.
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