OM Price Prediction for May 22: Can Bulls Defend the $0.42 Breakout?

• MANTRA (OM) price spiked over 25% after breaking out of a descending wedge, briefly touching $0.493.
• OM’s current price is trading above key support at $0.421, with bullish momentum being retested.
• Technical indicators show rising volatility for OM as traders watch for a breakout continuation or rejection.

After a steep multi-week decline, $OM price today is trading around $0.433, attempting to stabilize above a critical short-term breakout. A sudden bullish surge on May 21 pushed prices from below $0.39 to as high as $0.493, before profit-taking trimmed gains. 

The OM/USDT pair is now holding just above the 61.8% Fibonacci level, suggesting bulls may attempt to consolidate the recovery. However, overhead resistance and fading intraday momentum are clouding the near-term outlook.

What’s Happening With MANTRA (OM) Price?

OM’s recent price behavior marks a sharp departure from its prior range-bound structure. After weeks of compression, a breakout above the $0.40 resistance zone triggered a large bullish candle on the 4-hour chart. This breakout also coincided with a clean breach of a descending wedge pattern, which had contained price action since mid-April.

Notably, the spike stalled just under the Fib 1.0 extension level at $0.463, with candles failing to close above it. Price is now retracing toward the 61.8% retracement level near $0.421, a zone that may act as near-term support.

The EMAs on the 4H chart are flipping bullish, with price trading above the 20-EMA ($0.398) and 50-EMA ($0.400), while the 100-EMA and 200-EMA remain lagging above. Bollinger Bands are expanding following the breakout, with price hugging the upper band—typically a sign of elevated OM price volatility and an impending decision point.

RSI, MACD Flash Mixed Signals After MANTRA (OM) Price Spikes

Momentum indicators are showing early signs of hesitation following the breakout. On the 30-minute chart, RSI cooled from a high of 75 to around 57, signaling that the earlier overbought conditions are easing. This could either set the stage for another leg higher if the RSI remains above 50 or indicate exhaustion if bulls fail to hold $0.42.

The MACD histogram on the same timeframe shows a mild bearish crossover, though it’s still holding above the zero line. This suggests that while bullish pressure is softening, a complete trend reversal hasn’t yet been confirmed.

On the 4-hour timeframe, MACD remains positive, and RSI is slightly elevated at 58—still supportive of an upward structure as long as the price stays above the $0.420–$0.425 cluster.

Why MANTRA (OM) Price Going Down Today? Rejection at $0.49 Halts Rally Momentum

The pullback in MANTRA (OM) price today can largely be attributed to overhead supply near $0.49, which acted as a rejection zone during previous spikes in late April. As seen in the daily structure, this area lies just beneath the broader descending resistance trendline stretching from March highs.

Moreover, volume during the surge failed to sustain its initial burst. After the vertical rally candle, subsequent bars showed declining participation—often an early sign that the move is fading. This suggests that unless fresh buying interest emerges above $0.45, price may remain vulnerable to a deeper retracement.

Additionally, MANTRA (OM) is still trading within a wide range capped by long-term resistance near $0.492 and broader structural support between $0.35 and $0.38. The current price action appears to be testing the upper third of this consolidation band.

Short-Term Outlook: Will MANTRA (OM) Hold Above $0.42?

As long as MANTRA (OM) price remains above the $0.421–$0.426 zone, bulls may retain an edge heading into May 22. This range coincides with the 0.618 Fib level, EMA20, and the top of the prior wedge breakout zone. Holding this support would keep the possibility of another test of $0.463 and $0.492 alive.

However, if the price falls below $0.420 on volume, MANTRA (OM) may slide toward the $0.402–$0.387 region. This area includes the 0.382 Fib and the 100-EMA and will act as the next cushion for buyers.

Given the expanding Bollinger Bands and triangle breakout, MANTRA (OM) price action is likely to remain volatile over the next 24 hours. Traders should watch for volume confirmation on either side of the $0.44–$0.42 channel to determine breakout continuation or rejection.

MANTRA (OM) Price Forecast Table