Mantra (OM) is up nearly 15% over the past week, outperforming major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) during the market correction.
Analysts suggest OM could reach new highs if it breaks above key resistance levels, supported by strong RSI and MACD indicators that point to continued bullish momentum.
Mantra (OM) - the second largest real-world asset in terms of total market capitalization - was one of the best performing cryptocurrencies over the past week. Its price is up nearly 15% in that period, surpassing Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL) and more, which are all deep in the red due to severe corrections. few days ago.
According to some analysts, OM may record more profits in the near future. One user The $0.55-0.60 range is described as the "support zone".
Some indicators also show that OM's price rally is not over. The relative strength index (RSI) measures the speed and variability of price moves and is currently set at around 60. A rate above 70 is considered bearish as it indicates overbought conditions.
Another technical analysis tool worth watching is the Moving Average Convergence Divergence (MACD). It identifies potential buy and sell signals, and according to TradingView data, it is currently placed in the "buy" zone.
Analysts suggest OM could reach new highs if it breaks above key resistance levels, supported by strong RSI and MACD indicators that point to continued bullish momentum.
Mantra (OM) - the second largest real-world asset in terms of total market capitalization - was one of the best performing cryptocurrencies over the past week. Its price is up nearly 15% in that period, surpassing Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL) and more, which are all deep in the red due to severe corrections. few days ago.
According to some analysts, OM may record more profits in the near future. One user The $0.55-0.60 range is described as the "support zone".
Some indicators also show that OM's price rally is not over. The relative strength index (RSI) measures the speed and variability of price moves and is currently set at around 60. A rate above 70 is considered bearish as it indicates overbought conditions.
Another technical analysis tool worth watching is the Moving Average Convergence Divergence (MACD). It identifies potential buy and sell signals, and according to TradingView data, it is currently placed in the "buy" zone.