MANTRA (OM) Surges 46% as Volume Hits $1.1B

Sean Williams
MANTRA

Getting your Trinity Audio player ready...

Key Takeaways:

  • OM has surged 46.27% in 24 hours, making it a top performer on CoinGecko.
  • Trading volume has skyrocketed to over $1.1 billion, reflecting massive interest.
  • Analysts are targeting $0.50 and even $1, as the breakout may mark the beginning of a longer-term recovery.

After suffering a catastrophic crash earlier in the year, MANTRA (OM) has mounted a stunning comeback. The token has jumped 46.27% in the past 24 hours, ranking it among the top daily gainers on CoinGecko. The surge has also driven its trading volume beyond $1.1 billion — a staggering 3,496% increase — signaling renewed investor enthusiasm.

OM Breaks Out of 3-Month Slump

Once the poster child of crypto volatility, OM’s recovery has caught many by surprise. Following a 90% crash in April that wiped out over $5.5 billion in market cap, MANTRA faced accusations of insider dumping. Despite initiating a token burn to calm market concerns, OM struggled to reverse its downtrend.

However, the tide began to shift in May and July, with new listings on South Korean exchanges Upbit and Bithumb. These developments provided temporary boosts, but failed to break OM’s broader bearish structure — until now.

With the latest surge pushing OM to $0.34, the altcoin has officially broken out of its prolonged decline, raising hopes of a lasting rebound.

Trading Frenzy Fuels Market Momentum

What sets this rally apart is the explosive trading activity. OM’s 24-hour volume has soared to $1.11 billion, up from just $30 million the day before. This massive increase points to growing confidence among both retail and institutional traders.

The surge also places OM as the second-highest gainer on CoinGecko’s daily chart, further reinforcing bullish sentiment. Analysts note that the rise appears to be organic, with no immediate external catalyst — a potentially bullish signal for sustained momentum.

Analysts Eye $1 as Psychological Target

With OM now trading at $0.34, several prominent crypto analysts are forecasting further gains. Pseudonymous trader Token Sherpa highlighted $0.50 as the next key resistance, followed by a potential push to $1 if momentum holds.

Crypto influencer Ualifi Araújo echoed this view, declaring, “I have no doubt that MANTRA will surpass its ATH.” His confidence stems from the token’s current price strength and rising community engagement, even without major news driving the rally.

Also Read: Mantra (OM) in Crisis: Whales Bail, Retail Follows Hope – Will $0.32 Break Next?

While OM’s recent surge is promising, its sustainability remains in question. Investors will be watching closely to see if OM can consolidate above $0.34 and build support on its way toward $0.50 and beyond.

As market conditions evolve, MANTRA’s ability to maintain this upward trend will be critical in determining whether this rebound is a true comeback or another temporary spike.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.

Related Posts