Can TRUMP Memecoin and Mantra’s OM Reverse Their 90%-Plus Losses in May?

Official Trump (TRUMP) and Mantra (OM) tokens have emerged as two of the worst-performing cryptocurrencies so far in 2025, plunging over 90% from their year-to-date high at one point.

TRUMP dropped from $77.25 in January to as low as $7.14 in April, marking a 90% decline. OM, meanwhile, slid from $9.17 in February to below $0.37 in April — down about 96%.

In May, both assets were trading above their yearly lows, albeit showing signs of recovery exhaustion. Can they rise any further in May? Let’s examine.

OM Bulls Are Avoiding Mantra’s Response to 90% Crash

MANTRA CEO John Patrick Mullin’s high-profile interview at TOKEN2049 Dubai and burning 150 million OM tokens (cutting total supply from 1.82 billion to 1.67 billion) has failed to calm markets.

OM traders are cautious, haunted by the April 13 crash, when the Mantra token plunged over 90% from $6.21 to $0.49 in hours due to forced liquidations on centralized exchanges.

That was primarily due to thin liquidity, meaning even small sell-offs risked triggering sharp drops, a sentiment that has kept many sidelined despite the team’s damage-control efforts.

A total-value-locked (TVL) of just $1.32 million against a $426 million-plus market cap shows OM is heavily overvalued on fundamentals. The low DeFi lock-in means the token’s valuation relies almost entirely on speculative market sentiment, not utility or revenue.

OM/USDT Technical Analysis — A 50% Rebound Anticipated

OM is showing a classic falling wedge pattern on the 4-hour chart, a structure typically seen as a bullish reversal setup. The pattern, marked by two converging downward-sloping trendlines, reflects weakening selling momentum — a sign that bears may be running out of steam.

As of May 2, OM was sitting near the wedge’s lower support, a zone where past price action has repeatedly bounced. If the token breaks decisively above the wedge’s upper boundary, it could trigger a technical rebound, targeting the $0.66–$0.67 area.

This level is roughly 50% above current prices and near the pattern’s height projected upward.

Supporting this outlook, the relative strength index (RSI) is deep in oversold territory at around 23, hinting at a potential momentum shift if buyers step in.

However, the price remains under its key exponential moving averages (EMA 50 at $0.57 and EMA 200 at $2.45), meaning any breakout attempt must overcome these resistances to sustain a broader recovery in May.

Donald Trump’s Dinner Date is Only Hope for $TRUMP Memecoin

TRUMP’s only uplifting fundamental is Donald Trump’s dinner plans with the top 220 holders of his controversial memecoin.

The Solana-based cryptocurrency jumped by over 75% overnight following the announcement on April 23, but it has since lost its upside momentum and is down approximately 25% from the local top.

It remains susceptible to wild price swings as the event nears its May 22 deadline. Meanwhile, an inverse cup and handle (IC&H) pattern is threatening price declines in May.

If the inverse cup and handle completes, the setup points to a downside target near $10.10 — the depth of the cup projected below the breakdown point. This aligns with the horizontal dotted support on the chart, making it a key zone for potential price reaction.

The RSI is hovering near 39, suggesting bearish momentum but not yet oversold. Without strong catalysts (such as hype around the May 22 Trump gala), TRUMP risks further declines toward the $10 level in the near term.