Current Date:March 16, 2025

Altcoin whales are collected from Coin in March: The price may rise!

Since the first day of March 2025, Altcoin whales have accumulated a total of 20 million mantra (OM) and created a remarkable mobility in the market. Although this purchase wave of approximately $ 143.1 million increases the hopes of the OM among investors, the market may not always be positively welcomed by the market.

Mantra (OM) became a favorite of Altcoin whales in March 2025

During the spelling, the OM was traded for $ 6,89 and has decreased by 7.90 %in the last 24 hours. Despite the intense token accumulation of whales, there is a loss of $ 4.7 million due to fluctuations in prices. Although the purchases made from Binance’s hot wallet show the trust of the OM’s long -term potential, this movement brings to mind the question of whether it will bring a recovery or a big correction at prices.

Liquidation data in the process of Mantra’s last whale accumulation shows that the market is in a cautious stance. The total amount of liquidation reaches 338.22 thousand dollars, while this figure is quite high compared to short position liquidation of $ 10.07 thousand.

This imbalance shows that investors are trying to reduce their risks by closing their long positions and there is an uncertainty about the future of OM in the market.

On-aChain data burned green signals, but be careful

Although Mantra’s signals on the chain generally have a positive appearance, there are some negativities that should be considered.

Network size increases by 1.50 %and shows that new investors are involved in the ecosystem. Large transactions, 0.46 %of the total transactions, while giving a positive signal, while the “In The Money” mistress a decrease of 6.37 %indicates that some investors have damaged.

The overall distribution rate of OM Tokens shows that the token concentration is balanced by following a low level of 0.13 %.

Do technical indicators point to the bear market?

OM’s latest price movements have created some concerns for investors. Token has lost an important technical level by breaking the rising Kama formation, which has been supporting the price since December.

The OM, which fell below the $ 7 limit, is currently at the level of $ 6.89. If this decline persists, the first support points will be $ 6.21 and the critical level of $ 4.42. At this point, whether the price of OM will be recovered or not, the market will depend on how much power it has at the support levels.

Although the intense accumulation of whales shows the trust of the OM’s long -term potential, market data indicates the possibility of a correction in the short term. Although the majority of the signals on the chain are positive, technical analysis and liquidation data show that the market still does not set a clear direction.

However, Kriptokoin.comAs we have included in their analysts, some analysts keep their estimates of $ 15 for long term.

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