MANTRA Technical Charts Look Worse than the Terra LUNA Collapse

BeInCrypto
LUNA1,02%
BAD-0,77%

Yesterday, MANTRA (OM) suffered a staggering 90% crash, and it’s still spiraling down today. Most notably, OM charts and indicators seem as bad as the 2022 Terra LUNA collapse, if not worse.
OM’s RSI is hovering near extreme oversold levels, and indicators reflect there’s barely any buying activity. When LUNA collapsed, a large number of traders bought the crash for a short-term pump. But, even this seems unlikely for MANTRA, based on current charts

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments