Mantra (OM) price has been on a strong upward trajectory, recently reaching a new all-time high and recording a gain of almost 20% in the last week. This rise has been supported by strengthening technical indicators, showing strong momentum and a clear uptrend.
The combination of the EMA's bullish alignment and favorable metrics like ADX and Ichimoku Cloud suggests the rally could extend further, with the potential for new record highs in the coming days. However, if the uptrend loses momentum, Mantra price could test key support zones that will determine the sustainability of its recent gains.
Mantra's uptrend is strengthening
The ADX for OM rose from nearly 16 to 26.48 in just one day, highlighting a significant increase in trend strength.
An ADX above 25 usually indicates a strong trend, and this rise indicates that the OM is moving from a weak or sideways market into a clear and potentially sustained move.
ABOUT ADX. Font: TradingView.
ADX, or Average Directional Index, measures trend strength on a scale of 0 to 100. Values below 20 indicate weak trends, while values above 25 signal strength.
With OM's ADX at 26.48, the market is confirming an uptrend, supported by growing momentum and stronger directional push, suggesting that more gains may be on the horizon.
Ichimoku Cloud indicates that the OM trend is bullish
The Ichimoku Cloud chart for the price of OME shows an uptrend forming. The price has broken above the cloud (Kumo), which usually signals an uptrend.
Furthermore, the cloud ahead (Senkou Span A and B) is green, indicating positive momentum and potential support levels. Price remaining above the cloud further reinforces the likelihood of a continuation of the upward movement.
OM Ichimoku Cloud. Source: TradingView
The Tenkan-sen line (conversion line) is above the Kijun-sen (base line), another bullish signal suggesting that the short-term momentum is stronger than the long-term trend.
The lagging span (Chikou Span) is also positioned above the price, confirming that recent price action strongly supports the current trend. Together, these elements highlight a strengthening of the bullish sentiment for the OM.
OM Price Prediction: New Highs Soon?
Mantra’s EMA lines currently display a strong bullish alignment, with the price trading above all of them and the short-term EMAs positioned above the long-term ones. Mantra is one of the top crypto assets in the real asset ecosystem today and could benefit greatly if this narrative continues to grow.
This structure reflects solid upward momentum, reinforcing the notion of a sustained uptrend. Recent price action supports this bullish outlook, as the price of the mill has managed to hold levels well above key EMA thresholds, which often serve as dynamic support during uptrends.
OM Price Analysis. Source: TradingView
Combining the insights, OM's recent break to a new all-time high of $1.85 could signal the start of an extended rally. If the bullish momentum continues, further attempts to reach records are plausible in the coming days.
However, if the uptrend fails and reverses, the OM price could test a strong support zone around $1.35. Should this level fail to hold, the price could decline further, potentially reaching as low as $1.25, a critical support area.
The article Mantra (OM) hits all-time high and could rise even higher appeared first on BeInCrypto Brasil.
