Mantra (OM) price is on a strong uptrend, recently hitting a new all-time high and gaining nearly 20% over the past week. This increase has been supported by strengthening technical indicators, showing strong momentum and a clear uptrend.
The combination of bullish EMA alignment and favorable metrics like ADX and Ichimoku Cloud suggest that the upside momentum could extend further, with the potential for new highs in the coming days. However, if the uptrend loses momentum, OM could test key support zones that will determine the sustainability of its recent gains.
OM's uptrend is getting stronger
The ADX for OM has increased from nearly 16 to 26.48 in just one day, highlighting a significant increase in trend strength.
ADX above 25 typically signals a strong trend and this increase shows that OM is moving from a weak or sideways market to a clear and potentially sustainable move.
OM ADX. Source: TradingView.
ADX, or Average Directional Index, measures trend strength on a scale of 0 to 100. Values below 20 indicate a weak trend, while values above 25 signal strength.
With OM's ADX at 26.48, the market is confirming an uptrend, supported by bullish momentum and stronger directional thrust, suggesting further gains could be imminent.
Ichimoku cloud shows OM trend is bullish
The Ichimoku Cloud chart for OM price shows an uptrend forming. The price has broken above the cloud (Kumo), which usually signals an uptrend.
Additionally, the front cloud (Senkou Span A and B) is green, indicating positive momentum and potential support levels. The price above the cloud further supports the possibility of further upside.
OM Ichimoku Cloud. Source: TradingView
Tenkan-sen (conversion line) is above Kijun-sen (base line), another bullish signal that shows short-term momentum is stronger than the long-term trend.
The lagging period (Chikou Span) is also positioned above the price, confirming that recent price action strongly supports the current trend. Together, these factors highlight strong bullish sentiment for OM.
OM Price Prediction: New Highs Coming?
The EMAs are currently showing a strong bullish alignment, with price trading above all of them and the short-term EMAs positioned above the longer-term ones. OM is one of the top coins in the real-world asset ecosystem right now and could benefit greatly if this story continues to develop.
This structure reflects solid bullish momentum, reinforcing the notion of a sustainable uptrend. Recent price action supports this bullish outlook, as OM price has managed to stay above a key EMA level, which often acts as dynamic support in an uptrend.
OM Price Analysis. Source: TradingView
Combining insights from the ADX and Ichimoku Cloud indicators, OM’s recent breakout to a new all-time high of $1.85 could signal the start of an extended rally. If the rally continues, further attempts at new highs are reasonable in the coming days as the narrative around real-world assets (RWAs) recovers.
However, if the uptrend falters and reverses, OM price could test the first strong support zone around $1.35. If this level fails to hold, the price could fall further, potentially reaching a low of $1.25, a key support area.