MANTRA (OM) has rebounded sharply from recent losses, posting a 46.27% single-day surge to reach $0.34 accompanied by $1.11 billion in trading volume. This reverses a persistent three-month bearish trend and represents a substantial 3,496% volume increase from prior activity levels.
The upswing follows the token’s severe 90% price collapse during April which erased over $5.5 billion from its market capitalization. Analysts report the volume spike and trend reversal indicate reinvigorated market confidence in OM despite no major external catalysts driving the move.
Prominent market observers including Token Sherpa and Ualifi Araújo see further upside potential, identifying $0.50 as the next critical psychological threshold. Should momentum persist, several analysts project OM could challenge the $1 price level and potentially surpass its historical all-time high price mark.