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Mantra price loses momentum as whales sell, gets overbought

Mantra price loses momentum as whales sell, gets overbought
Mantra's price rally is losing momentum as whales begin to sell their tokens. The Mantra (OM) token reached a record high of $4.5260 before pulling back slightly to $4.3. Speculation suggests that an important partnership announcement may be forthcoming. Despite the potential partnership, some whales have started selling their tokens, with over $10 million worth of tokens sold in the past 24 hours. The volume of Mantra tokens on exchanges has increased by nearly 10% in the past week. Technical indicators show the token is extremely overbought, increasing the likelihood of a significant price drop. If momentum continues to fade, the price could decline to as low as $1.6, a 62% drop from its current price.

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