CandleFocus

Mantra price loses momentum as whales sell, gets overbought

Author: Content Editor
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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