Top analyst Batman, with over 81,000 followers, shared his thoughts about Mantra price movements on X (formerly Twitter). The analyst pointed out that OM appears to be heading toward a bullish fair value gap (FVG), which coincides with the golden Fibonacci 0.618 level. This development comes as OM’s price maintains resilience while other cryptocurrencies face downward pressure, making this a critical zone to monitor closely.

Mantra Chart Analysis: Price Retraces Toward Bullish Fair Value Gap

The OM chart shows a retracement following a notable upward trend. The retracement targets an unfilled bullish fair value gap, marked on the chart as a blue zone. This area is significant as it represents a price inefficiency where demand could surpass supply, providing a potential support zone for the asset.

Further strengthening the case for this zone is its alignment with the 0.618 Fibonacci retracement level, often referred to as the “Golden Ratio.” This level is widely regarded in technical analysis as a potential turning point during corrections in an ongoing uptrend.

Furthermore, the chart indicates that OM’s price broke below a previously ascending trendline connecting recent swing lows. This break suggests a temporary pullback in the price, which aligns with the ongoing retracement. However, equal highs on the chart (labeled as “SSS”) hint that liquidity was likely targeted before the pullback began.

Image Source: X/Batman

Despite the short-term weakness, the highlighted support zone between $3.75 and $3.85 remains a key area where the price could stabilize and potentially rebound.

Analyst’s Perspective on Market Context

Batman emphasized OM’s relative strength during a period when many other cryptocurrencies have faced sharp declines. The market’s current price decline represents a normal corrective phase, potentially indicating a constructive development within the broader upward trend structure.

The convergence between the positive value disparity zone and the Fibonacci-derived support level creates a significant technical intersection. Market participants should maintain vigilant observation of this price region for potential indicators of upward price restoration.

Read Also: Why Holding 1,000 Stellar (XLM) Tokens Right Now Could Be a Big Deal

What is Next for OM’s Price?

The analysis suggests that the $3.75–$3.85 range offers a high-probability support zone. If the price reacts positively at this level, it could resume its uptrend. However, a failure to hold this area may lead to further downside.

As Mantra’s price continues to navigate this retracement, its resilience compared to the broader market could make it a key asset to monitor in the coming days.

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The post Key Levels to Watch for as Mantra (OM) Price Retraces – Here’s the Outlook appeared first on CaptainAltcoin.