Yesterday, the cryptocurrency token known as MANTRA (OM) experienced a significant crash of 90% in its value and continues to decline today. The situation with OM is drawing comparisons to the 2022 Terra LUNA collapse, with indicators indicating a bleak outlook.

OM’s Relative Strength Index (RSI) is currently at extremely oversold levels, suggesting minimal buying activity. While traders managed to capitalize on LUNA's crash for a short-term pump, the same scenario seems improbable for MANTRA based on its current chart patterns.

Despite the dramatic drop, some traders may see potential in purchasing OM at this low point. However, the RSI for OM dropped severely during the crash and has only marginally recovered since then.

Analysts caution about the intrinsic value of Mantra OM. The direction of the token's movement remains heavily bearish, with the ADX and other indicators signaling a lack of significant buying pressure.

The prevailing trend indicates that although the worst of the selling pressure may have passed, the buying pressure is still notably absent. Unless there is a substantial shift in sentiment, it is unlikely that OM will see a significant recovery in the near future.