Yesterday, Mantra (OM) suffered from an amazing 90 % collapse, and is still rising today. It is worth noting that om plans and indicators seem bad like the Terra 2022 collapse, if not worse.
RSI OM hovers near severe sales levels, and indications reflect that there is barely any purchase activity. When Luna collapsed, a large number of merchants bought the accident for a short -term pump. However, even this looks unlikely for a talisman, based on the current graphs.
Om RSI has reached levels less than 10
After more than 90 % breakdown in hours, some merchants may look at the Mantra om om symbol as a possible opportunity to “buy the accident”.
However, the RSI Index (RSI) tells a different story – RSI decreased from 45 to 4 during the collapse and it was not recovered slightly to 10.85.
RSI is an index of momentum that measures the speed and size of price changes on a scale from 0 to 100. Usually, values of less than 30 conditions indicate, while levels that exceed 70 indicate that the original may excel.
Despite the reversal of its lowest levels, RSI from OM has hovered about 10.85 for several hours, indicating that a few buyers intervene to support the price.
This lack of purchase pressure explains that the feelings remain great, and that merchants are not yet confident enough to accumulate the distinctive symbol-even at these reduced levels sharply.
Recently, analysts have warned to Beincrypto of the possible lack of Mantra to the real value of the series.
Om is likely to prepare the downside or a long period of stagnation as the market is awaiting a catalyst or clearer refund signals.
Mantra DMI displays the purchase activity that is almost not present
The Mantra DMI (Mantra Movement Index) shows clearly extensive momentum. ADX, which measures the strength of the direction regardless of the direction, is currently at 47.23 – higher than the threshold of 25 and no signs of weakness appear.
-DI, which tracks the pressure pressure, has decreased from its peak from 85.29 to 69.69, indicating that although the sales of panic may slow down, it remains dominant.
Meanwhile, the +Di, which measures the purchase pressure, decreased from 3.12 to only 2.42, highlighting the complete lack of the upscale response to the collapse.
This imbalance reveals that although the worst immediate sale may end, there is no meaningful purchase activity that is to intervene to support the price of om.
The fact that the Di +still is very low indicates that merchants still avoid the distinctive symbol, and hesitated to buy even after a huge discount.
As long as this dynamic-the low directional strength, the high-sales pressure, and the pressure of the semi-zero purchase-it is likely to remain under severe pressure, with any severe recovery attempt unless the feelings turn greatly.
Disintegration
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