Mantra Price Prediction: Mantra Rebounds After Crash – Good Time to Buy?

Mantra is providing some relief after a devastating 90% selloff, having gained 29% in the last day. Is this a good time to buy – or is it merely a bull trap that precedes more pain?

This Mantra price prediction explores emerging data and expert opinions to find the answer. We also explore the potential for a promising new cryptocurrency, Best Wallet Token.

Mantra Market Sentiment Sinks Post-Selloff

Mantra’s community sentiment has nose dived after a 90% price decline.

The project’s founder, John Patrick Mullin, published an explanation on X, shifting the blame to exchanges, writing, “$OM market movements were triggered by reckless forced closures initiated by centralized exchanges on $OM account holders.”

However, a poll conducted by Uphold reveals that 62.8% of people believe insider action caused Mantra’s crash, not bad practices from exchagnes.

📉 Mantra crashed nearly 90% yesterday, wiping billions in market cap and sparking major speculation around centralized liquidations and low liquidity triggers.

🗳️ Was this just poor market structure, or is there more to this story?

💬 What’s your take on the $OM collapse?

— Uphold (@UpholdInc) April 16, 2025

Mantra was one of the best-performing cryptocurrencies of 2024 and early 2025, having increased over 7,700% in a year at one point. However, a post-mortem reveals that the Mantra team artificially inflated the price.

Cryptocurrency journalist Coffeezilla held a call with Mullin after the crash and revealed how Mantra created a ‘house of cards.’

According to Coffeezilla, the Mantra team would sell $OM over the counter (OTC) so as not to add selling pressure to the chart. They would then use funds accrued through these OTC deals to buy back on exchanges, artificially lifting the price.

While it’s unclear whether this was the exact cause of the crash, it tarnishes the project’s reputation and will deter many investors from returning.

interviewed the ceo of $OM which crashed -90%.
>$30-$45m was sold OTC by the team.
>$10m was reinjected back into $OM in mid-2024.
>CEO says that isn't pumping the price.
>we disagree on what "pumping the price" is.
>full interview on Youtube. pic.twitter.com/ObjA9v7kdF

— Coffeezilla (@coffeebreak_YT) April 15, 2025

Nevertheless, Mantra has gained 29% in the past day, showing plenty of willing buyers remain. As such, let’s examine its price chart to see whether it can keep rising.

Mantra Faces Crucial Resistance Zone

Mantra has the potential to regain some of its lost ground, but traders should exercise patience before jumping back in.

$OM has previously made two attempts at a recovery, one peaking at $1.22 and the other at $0.9.

Analyst Dom’s Crypto believes that a break above $1.2 is the validation needed to confirm a longer-term uptrend, which he says could catapult $OM to $3.5.

Another, even bigger ‚Bullish Pennant‘ about to complete for Mantra

IF $OM manages to breakthrough $1.20

Be NOT surprised to see ~$3.50

See at my second chart where you can note the MA 200 (red) on LTF 30‘ pic.twitter.com/ArD7npY9IO

— Dom's Crypto (@Doms_Crypto) April 15, 2025

Meanwhile, CEEJAY compares $OM’s crash to that of $LUNA and suggests that, if history repeats, $OM could reclaim $2.

If $OM is anything like $LUNA was, then we may see a rebound to $2 and just hold there 👀 pic.twitter.com/D62NxkVF8Z

— CЄЄJᗩЧ ㋡ (@CEEJAY_xs) April 15, 2025

While there’s certainly scope for a rally, Mantra’s reputation has been stained in a way that will be difficult to recover from. The project’s future is likely similar to Luna’s: a life-sentence credibility hit and the project largely trading like a meme coin. Over time, Mantra will become less relevant and eventually bleed to new lows.

Although there is potential for short-term gains, many market participants will lose money. Investors must decide whether this is a trade worth taking or whether a fundamentally robust alternative would be a smarter decision.

For instance, a new crypto wallet called Best Wallet recently launched a presale for Best Wallet Token, and analysts believe it could give up to 100x gains. Unlike Mantra, the project has a squeaky-clean track record, which could enable a much longer-term rally.

Analysts Believe Best Wallet Token Could Offer Bigger Gains Than Mantra as Presale Raises $11.7M

Best Wallet Token is the new cryptocurrency that powers Best Wallet, a promising crypto wallet.

It goes beyond the offerings of other crypto wallets and delivers a comprehensive ecosystem of crypto tools, all from one app.

Best Wallet lets users store crypto currencies from over 60 different blockchains. But this isn’t all the app does. It also features a presale aggregator, a crypto debit card, derivatives trading, an NFT gallery, a staking aggregator, and much more.

Best Wallet could make interacting with blockchains as easy as liking a photo on Instagram.

The Best Wallet Token provides additional benefits, such as a trading fee discount, higher staking yields, governance rights, and access to promotions on partner projects.

Best Wallet stands apart from all other crypto wallets by focusing on providing a more seamless user experience. This is already proving to be a smart move, with the wallet boasting over 250,000 users.

With an active user base, a promising product, and inherent token utility, analysts believe that $BEST could give massive gains. In a recent video, Crypto Boy said the project could trade up to 100x higher after listing on exchanges.

Currently, investors can buy $BEST for $0.02475, but this price will rise throughout the presale.

As such, potential buyers should not wait to get involved.

Visit Best Wallet Presale