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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Apr 15, 2025 06:51 UTC
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Mantra OM Crypto Crash Wipes Out $5.4B: No Recovery In Sight as Buyers Flee
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OM $ 0.7897 (27.45%) 
MANTRA (OM) experienced a catastrophic 90%+ price crash, mirroring Terra LUNA's collapse.
Technical indicators show overwhelming selling pressure and a severe lack of buyer interest.
The market's current sentiment towards OM is extremely bearish, with comparisons to LUNA's worst moments.
The crypto market faced a big shock as MANTRA (OM) crashed by more than 90% in a single day, drawing comparisons to the infamous Terra LUNA collapse.
But here’s the (worrying) twist: unlike LUNA, OM isn’t showing even the faintest signs of recovery. No bounce, no “buy the dip” rush — just silence. And that silence is making people nervous. It’s under heavy selling pressure, and charts show almost no interest from buyers.
Right now, most traders are staying on the sidelines, watching and waiting. Until buying interest returns or something significant changes, OM is likely to stay down.
Why is no one stepping in to save OM? Let’s explore.
OM Technical Analysis
OM is currently trading around $0.60, down from over $6 just last week. That drop has erased around $5.4 billion in market value and triggered panic across the market. Today alone, OM is down another 24%, even as the team tries to calm the situation.
Looking at the charts, OM’s Relative Strength Index (RSI) fell sharply during the crash — dropping from 45 all the way down to just 4, before recovering slightly to 10.85. Normally, an RSI below 30 suggests an asset is oversold and could attract buyers. But in OM’s case, even at these extreme levels, no one seems interested in stepping in.
This lack of buying activity shows how weak confidence in OM has become. Without a major change in sentiment or some kind of unexpected news, a rebound seems unlikely.
Bearish Momentum Takes Over
Adding to the negative outlook is OM’s Directional Movement Index (DMI). The ADX, which measures how strong a trend is, sits at 47.23 — far above the usual 25 mark that signals strong momentum. But in this case, the momentum is clearly bearish.
The -DI (which measures selling pressure) is very high at 69.69, while the +DI (which tracks buying strength) is just 2.42. This huge gap shows how one-sided the market has become — sellers are completely in control.
Even though the panic selling has slowed down a little, there’s still no real support from buyers. The charts don’t show any strong support levels, and without a surprise catalyst, OM could either fall further or remain stuck at these low levels.
LUNA All Over Again — But This Time, Worse
OM’s current situation is being compared to the worst moments of the LUNA collapse. But there’s one big difference: at least LUNA had bursts of speculative buying. With OM, even that is missing.
Unless something dramatic changes, OM looks even more fragile — and it remains deep in the danger zone.
OM’s got a long road back, if there’s a road at all.
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FAQs
MANTRA (OM) crashed due to heavy selling pressure and lack of buyer interest, resulting in a sharp price decline and low market confidence.
Without a surprise catalyst, OM could face further downside or extended stagnation, as technical indicators suggest minimal support and high risk.
Yes 
No 
