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FINAL LEG OF THE ZIGZAG CORRECTION ?Yello, Paradisers! Are we about to see the end of this correction, or is there still one more shakeout coming? Let’s break it down.
💎The market is currently unfolding within a Zigzag Correction (A-B-C) pattern, and we appear to be in Wave C the final leg of this structure. Wave A has already played out with a sharp downward move, followed by Wave B, which acted as a countertrend rally. Now, Wave C is in progress, forming the last phase of this corrective cycle.
💎Since this is a 5-3-5 Zigzag Correction, the third wave of Wave C has already developed, meaning the market is nearing a critical Demand Zone at 4.0283. This level is a strong support zone where a potential reversal could occur. If the price reacts positively from this area, it could mark the end of the correction and signal the beginning of a new bullish phase, starting Wave 1 of the next uptrend.
💎However, if the price remains trapped between the Moderate Support and Moderate Resistance zones, we may see an extended period of sideways consolidation before any decisive move. A key confirmation to watch is the RSI approaching oversold conditions, which would indicate that downward pressure is weakening and the probability of a bullish reversal is increasing.
As always, Paradisers, the key to profiting in this market is waiting for high-probability setups. If this correction is indeed ending, the next move could be explosive. Stay sharp, stay disciplined, and trade smart!
MyCryptoParadise
iFeel the success🌴
O
Breaking: MANTRA coin ($OM) Nosedived Nearly 100% Today MANTRA, a Security first RWA Layer 1 Blockchain, capable of adherence and enforcement of real world regulatory requirements that is Built for Institutions and Developers, offering a Permissionless Blockchain for Permissioned applications saw its native token Mantra Coin ( CRYPTOCAP:OM ) plummeted 94% today amidst falling out of a bearish symmetrical triangle.
The bloodbath came as a shock as days ago it was sitting on a market cap of $6 Billion and major deals were iterated, including a $1 Billion tokenization pact with DAMAC.
However, the main trigger was an allegedly suspicious 3.9M CRYPTOCAP:OM deposited (linked to team wallets) to OKX, fueling sell-off fears.
Key Allegations
Team controls ~90% supply – raising manipulation concerns.
Undisclosed OTC deals – tokens reportedly sold at 50% discounts.
Exchange liquidations – forced closures worsened the crash.
However, Binance CEO Said:
"OM CRYPTOCAP:OM 90% price crash was due to massive cross-exchange liquidations, tokenomics changes, and large token dumps".
In response to an X post, the Mantra team said:
"we want to assure you that MANTRA is fundamentally strong. Today’s activity was triggered by reckless liquidations, not anything to do with the project. One thing we want to be clear on: this was not our team. We are looking into it and will share more details about what happened as soon as we can."
Technical Outlook
As of the time of writing, CRYPTOCAP:OM is down 28.6% according to the 4 hour price chart. the asset is showing signs of a reversal but the diamond hands are weak prior the extreme token sell-off as hinted by the RSI at 11.51, this is extremely oversold with a possible reversal lurking around the corner, should the team figure out the cause of the bloodbath, CRYPTOCAP:OM might reclaim $1 zone and then possibly the $5 price point.
With the market cap presently $697 million, CRYPTOCAP:OM has enough strength for a bounce back after the mainstream crypto market might have digest the news.
MANTRA Price Live Data
The live MANTRA price today is $0.719974 USD with a 24-hour trading volume of $2,499,155,492 USD. MANTRA is down 88.55% in the last 24 hours. The current CoinMarketCap ranking is #81, with a live market cap of $697,898,136 USD. It has a circulating supply of 969,337,399 OM coins and the max. supply is not available. The Spring of OM: Wyckoff Signals a Rebirth After the CrashMANTRA ( BYBIT:OMUSDT.P ) Technical Analysis: Post-Crash Recovery and Wyckoff Accumulation Insights
TradingView
On April 13, 2025, MANTRA (OM) experienced a significant price drop, declining approximately 88% within 24 hours. This sharp downturn was attributed to a combination of factors, including market-wide volatility and potential large-scale sell-offs. Despite this abrupt decline, technical indicators suggest that OM may be entering a Wyckoff Accumulation Phase, presenting potential investment opportunities.
Understanding the Recent Price Movement
Following the crash, OM's price stabilized around $0.70, with a 24-hour trading volume exceeding $2.3 billion. The Relative Strength Index (RSI) and Commodity Channel Index (CCI) indicators both entered oversold territories, indicating a potential for price reversal.
CoinMarketCap
CentralCharts
Wyckoff Accumulation Phase Analysis
The Wyckoff Method identifies specific phases in market cycles, with the Accumulation Phase characterized by large investors ("smart money") buying assets at lower prices. Key features of this phase include:
Selling Climax (SC): A sharp price decline with high volume, as seen in OM's recent drop.
TradingView
Automatic Rally (AR): A quick rebound following the SC, indicating initial buying interest.
Secondary Test (ST): Price revisits the SC level to test support, often with lower volume.
Spring: A false breakout below support levels to shake out weak holders, potentially observed in OM's price action.
Mudrex
Sign of Strength (SOS): A strong price increase with higher volume, signaling the end of accumulation.
Currently, OM's price behavior aligns with the early stages of this accumulation pattern.
Investment Considerations
For investors considering entry points:
Risk Tolerance: Given the recent volatility, only risk capital should be used.
Technical Confirmation: Await confirmation of the SOS phase before significant investment.
Volume Analysis: Monitor trading volumes for signs of increased institutional interest.
Understanding the Wyckoff Accumulation Phase can provide insights into potential market reversals.
O
$OM Bullish pennantBINANCE:OMUSDT is currently doing a bullish pennant pattern after an explosive move from 1.67 area. A break of this pennant could send BINANCE:OMUSDT price parabolically to around 6.40 - 6.80 area, measured using the length of the pole in confluence with 2.618 fib level.
In a typical retrace on a continuation move towards the upside, volume tends to dry out, signalling that a move may be due sooner than later. In futures, BINANCE:OMUSDT.P O/I continue to hover around $14M which is a good sign given the sentiment of the market towards premium RWA projects, with a positive L/S ratio.
On the flipside, a break of the lower level will only continue the current ranging move of BINANCE:OMUSDT towards 3.30 - 3.50 area.
Given that the market is still focusing on BTC, BINANCE:OMUSDT will continue to move in a laggard fashion, therefore there is still time to find a long entry near 3.55 - 3.63 area. Once money shifts towards alts, this will propel BINANCE:OMUSDT to new ATHs.
As always, manage your risks.
GL!
- JD Can #OM Bulls Save the Day or Not? Bears Ready For a Showdown Yello, Paradisers! Is #OM gearing up for a massive breakdown, or will the bulls step in to save the day? Let's analyze the #Mantra's latest trade setup:
💎#OMUSDT is flashing clear warning signs of weakness after forming a classic bearish divergence on the 8H timeframe. While price made higher highs, the oscillator showed lower highs, signaling a loss of bullish momentum. This is a textbook setup for an impending reversal unless buyers step in aggressively.
💎The key level to watch is the $7.48 support zone—a critical area that bulls must defend. If OM closes a candle below this level, expect a sharp drop toward the $5.00 support, with an ultimate downside target of $3.17 if the selling pressure intensifies.
💎On the flip side, the bearish setup gets invalidated above $9.26. If bulls manage to break this resistance with strong volume, we could see #OM pushing higher. However, until that happens, the bias remains bearish, and lower levels look far more likely.
The market is at a crucial tipping point—will #OMUSD crash or bounce? Let us know your thoughts in the comments. Are you shorting, or do you see a surprise rally coming? Let’s discuss.
MyCryptoParadise
iFeel the success🌴 O
