OM price may retreat because of the concept of mean reversion. This is a concept that states that an asset will always return to its historical averages now that it has deviated significantly from them.

For example, the 50-week moving average is at $2.65, while the 100-day average is at $1.64. In this case, the mean reversion concept hints that the price will move back to these averages over time.

Third, Mantra price is still in the markup phase of the Wyckoff Method. The chart above shows that it remained in a consolidation phase between 2020 and 2024. This consolidation was part of the accumulation.

It then entered the markup phase in 2024, which is now going on. This phase is usually followed by the distribution and then markdown where an asset retreats.

Fourth, there are signs that the Mantra token is getting overbought. The Relative Strength Index has moved to the extreme overbought point at 87, while the Stochastic RSI is nearing the overbought level. These are signs that the momentum may start waning.

Therefore, there is a likelihood that the Mantra price may drop, at least to the next key support level at $4.58, its highest swing
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