{"id":278,"date":"2025-05-21T08:22:11","date_gmt":"2025-05-21T08:22:11","guid":{"rendered":"https:\/\/bitunikey.com\/news\/mantra-price-soars-in-double-digits-as-volume-explodes-500-is-breakout-on-horizon\/"},"modified":"2025-05-21T08:22:12","modified_gmt":"2025-05-21T08:22:12","slug":"mantra-price-soars-in-double-digits-as-volume-explodes-500-is-breakout-on-horizon","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/mantra-price-soars-in-double-digits-as-volume-explodes-500-is-breakout-on-horizon\/","title":{"rendered":"Mantra price soars in double digits as volume explodes 500% \u2014 is breakout on horizon?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Mantra price is showing fresh signs of life with a double-digit price jump and surging volume \u2014 Is OM about to breakout?<\/p>\n<p>Mantra (OM) price is up over 10% in the past 24 hours, with trading volume surging more than 500%, buoyed by a listing on South Korea\u2019s largest exchange, Upbit.<\/p>\n<p>After crashing from a high of $6.26 on April 13 to an intraday low of $0.42, OM price entered a period of tight consolidation. Between May 1 and May 20, the price ranged mostly between $0.37 and $0.42, with lows around $0.36\u2013$0.38 and highs capped at $0.42\u2013$0.43. <\/p>\n<p>This changed with the latest breakout as OM closed above $0.43, wicking as high as $0.49, retesting the local resistance last seen on May 10, when it closed at $0.47.<\/p>\n<figure class=\"wp-block-image size-full\"><picture decoding=\"async\" class=\"wp-image-14380804\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Source: crypto.news<\/figcaption><\/figure>\n<p>RSI remains in the deeply oversold territory at 28. However, MACD momentum is bullish, with the MACD line above the signal line and the histogram printing green for nearly a month.<\/p>\n<p>If volume and momentum sustain, the next immediate resistance lies in the $0.60\u2013$0.70 zone\u2014the previous major support from late March to late June last year. A breakout above this could open the path toward $0.85, and eventually $1.20, both significant horizontal levels from prior consolidation ranges.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Despite the <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Official_Upbit\/status\/1925022306893775187?t=fWTfjYA3fcyYiSkX30Owjw&amp;s=19\" target=\"_blank\">Upbit listing<\/a> and a spike in volume, it remains to be seen whether this breakout will sustain or fade like the May 10 spike, with the price falling back into the range. <\/p>\n<p>However, recent developments offer reasons for cautious optimism. Notably, Nansen\u2019s addition as a validator on MANTRA Chain brings institutional credibility and the project\u2019s burn of 300 million OM\u2014including 150 million from its founder\u2014signals a strong commitment to rebuilding trust and strengthening tokenomics.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Mantra price is showing fresh signs of life with a double-digit price jump and surging volume \u2014 Is OM about to breakout? Mantra (OM) price is up over 10% in&hellip;<\/p>\n","protected":false},"author":1,"featured_media":279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/278","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=278"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/278\/revisions"}],"predecessor-version":[{"id":280,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/278\/revisions\/280"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/279"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}