Indicators Signal Critical Phase After 21% Decline | Airdrop Alert Pro

Mantra (OM) price faces a critical technical phase as multiple indicators point to potential bearish pressure ahead. this Decentralized Finance The coin has lost 13% over the past seven days, continuing its pullback from its all-time high set on November 18, with the price now down 21% from its peak.

Technical indicators paint a mixed picture relative strength index Neutral territory remains, while the Ichimoku chart suggests growing bearish momentum. Adding to uncertainty is a potential death cross pattern looming that, if confirmed, could accelerate the downward trend.

OM RSI has been neutral since December 3

this Relative Strength Index (RSI) OM remains at a relatively neutral position of 38.3, showing minimal volatility As of December 3rd. RSI is a momentum oscillator that ranges from 0 to 100, with readings below 30 indicating oversold conditions and above 70 indicating overbought levels.

The midrange between these thresholds, especially around 40-60, generally indicates a neutral market state where neither buyers nor sellers have decisive control.

and spell The RSI currently stands at 38.3, which puts the asset just below its neutral midpoint of 50, indicating mild bearish pressure but not enough to indicate oversold conditions. The duration of a neutral RSI reading may indicate a consolidation phase, with the possibility of a directional move once the indicator breaks decisively above 50 (bullish) or below 30 (bearish).

Current readings suggest traders may be waiting for stronger signals before making major moves, although the slight bearish bias at 38.3 warrants attention to potential downside risks.

Ichimoku cloud shows OM is bearish

Ichimoku Cloud Atlas about Showing a bearish trend over the past week.

The green line (Chikou Span) has crossed below the price action, while the blue line (conversion line) has broken below the red line (baseline), forming a bearish crossover around December 19th.

The clouds themselves have shifted from green to red, indicating a shift in sentiment from bullish to bearish. Price is currently trading below the cloud and all major Ichimoku lines, indicating strong downward momentum.

However, as all lines are starting to converge around current price levels, this could signal a possible consolidation phase or trend change in the future.

OM Price Forecast: Support at $3.31 is fundamental

The short-term moving average is about It remains above the long-term position, but momentum is weakening, suggesting a potential death cross formation.

If this bearish signal occurs as the shorter moving average crosses the longer moving average, mantra price More selling pressure is likely to push it towards the support at $3.31, with further losses to $3.03 if the first support level fails.

or if OM price If the bullish momentum manages to resume before the death cross is formed, the price could target immediate resistance at $3.76.

A successful move above this level could pave the way for further gains towards the $4.25 mark, although such a scenario would require a significant shift in current market sentiment and a fresh leg up could be in the offing. Real World Assets (RWA) Narrative.