title: BlockDAG's Podcast Series Reveals 100x Potential as OM Drops Below $0.50 & SUI Jumps 105%: Is This the Crypto to Explode?

Choosing the crypto to explode next gets tricky when some tokens crash while others rally.

The crypto market is known for its volatility, with some tokens crashing while others rally. As Mantra (OM) faces struggles with a whale selling millions at a steep loss and SUI shows strength with the technical outlook flipping bullish following a sharp 105% recovery from April’s lows, the market is sending mixed signals.

However, amidst the noise, there’s a growing interest in the crypto to explode next and its story.

While many projects rely on short-term hype, BlockDAG is taking a unique approach with consistent, open communication.

Those seeking the next crypto to explode are looking for clarity, especially after OM’s price drop has caused concern.

In other news, SUI continues to rise, flipping the technical outlook bullish. The chart analysis highlights key resistance and support levels to watch for in the coming days.

Mantra (OM) Price Drop Accelerates as Whale Dumps 2 Million Tokens at $25 Million Loss

The Mantra (OM) price drop continues, pushing below the psychological $0.50 mark amid ongoing market weakness. One trader, who appears to be a whale, sold 2 million OM tokens on Binance at a steep loss.

The trader, whose wallet address is 0x873 and who has been holding OM since December 2021, dumped the tokens at an average price of $12.37, booking a huge loss of $24,740,000.

The same wallet previously withdrew 4 million OM tokens in March, signaling potential long-term exit behavior.

On Monday morning, OM was trading at $0.4152, down 0.3% in the past hour and indicating further weakness.

The technical analysis on Deribit shows weak readings, supporting the bearish trend. The RSI is deeply oversold at 17, while the MACD is showing early bullish signs with the histogram turning green. However, the signal line remains below the MACD line, indicating that the momentum is still weak.

On-chain metrics also support this bearish view. Only -2.13% of OM holders are currently in profit, and the Net Network Growth stands at 0.69%, suggesting that the blockchain activity is low.

Whale activity has decreased by more than 11% in the past week, which could be due to the recent price drop and the lack of demand.

The MVRV Z-score is at -2.36, which is usually associated with market bottoms. However, the lack of buying pressure and new traders entering the market is evident in the low Total Internal Revenue and Unclaimed Revenue.

The NVT ratio is at 26.37, which is relatively high and suggests that the market is overvalued.

On the other hand, the Stock-to-Flow ratio is low at 0.834, which indicates that there is more supply than demand for OM tokens.

Unless there are improvements in the fundamentals, such as increased user activity, developer activity, and community engagement, it is likely that the downward trend will continue.

SUI Technical Outlook Flips Bullish After 105% Rebound From April Lows

The SUI price has shown remarkable strength, recovering sharply from the lows reached in early April.

The cryptocurrency rebounded from $1.71 to hit highs of $3.52, showcasing a 105% gain over the past three months.

The technical outlook for SUI now pivots on the $3.54 resistance level. This zone is significant as it aligns with the 50% Fibonacci retracement from the peak of $5.36, which was reached in August 2022.

SUI has been consolidating around this retracement zone, showing greater resilience than many other altcoins.

If the price manages to stay above the key support at $3.25, the uptrend is likely to continue. A successful break above $4.12, the yearly open, could pave the way for a fresh rally.

However, if the bears manage to push the price lower and break the $3.25 support level, the next major support lies at $2.79. This zone is confirmed by both Fibonacci levels and past trading history.

Overall, the technical outlook for SUI remains bullish, with the uptrend still intact. The coming days will be crucial in determining if this uptrend can hold and if we can expect further gains in the SUI price.

Final Thoughts

The Mantra (OM) price drop serves as a stark reminder that projects lacking fundamental support may struggle, especially in the face of major sell-offs, like the recent whale dump.

On the other hand, the strength of the SUI technical outlook is noteworthy, with key support zones holding and potential for a continued uptrend.

However, both narratives are largely reactive, responding to market trends