As Bitcoin’s momentum slows down, altcoins are starting to steal the show. While major players like Ethereum (ETH), Ripple (XRP), Cardano (ADA), and Solana (SOL) face growing selling pressure, traders are turning their attention to lesser-known projects like Mantra (OM) and Waves (WAVES). These two altcoins have been making waves (pun intended) with impressive price action, but is now the right time to jump in? Let’s take a closer look.

Mantra (OM): Building Momentum

Mantra has had an impressive run throughout 2024, climbing steadily within a rising channel. A recent bullish surge sent its price from under $1.50 to a high of $4.50. Even with some selling pressure creeping in, OM has held above $3.80, which could signal it has more room to run.

Right now, OM seems to be gearing up for a breakout. It’s been trading in a tighter range, which often precedes a big price move. Indicators like the Ichimoku Cloud and the Directional Movement Index (DMI) are leaning bullish, and reduced volatility is setting the stage for a potential surge.

Key Levels:

• Support: $2.89

• Target: $5.57

Still, keep an eye on Bitcoin’s behavior. If Bitcoin continues its upward trend, it could provide the boost OM needs to hit its next target.

Waves (WAVES): Gaining Trader Attention

WAVES has been making some serious noise. After breaking out of a consolidation phase, it skyrocketed 200% in the final weeks of 2024. While this has brought volatility, it’s also turned the spotlight onto this token.

Currently, WAVES is trading in a tighter range after being rejected above $2.50. It’s forming a symmetrical triangle pattern, which typically signals a big move is on the way. If it holds above the key support at $1.77, we could see a run to $2 or beyond.

Key Observations:

• Current Price: $1.78

• Support: $1.77

• Short-Term Target: $2

The RSI (Relative Strength Index) is also climbing, forming higher highs and lows—a classic bullish signal. Combine that with rising trading volume, and it’s clear traders are watching WAVES closely.

Should You Accumulate?

Both Mantra and Waves are showing strong potential, but timing is everything. While their charts suggest possible breakouts, their performance will likely be influenced by the broader crypto market, especially Bitcoin.

If you’re considering these altcoins, keep an eye on key support levels, monitor market sentiment, and be ready for potential volatility. They could present exciting opportunities—but as always, don’t dive in without doing your research and setting a solid plan.

Final Thoughts: Mantra and Waves are gaining momentum, but the crypto market is always unpredictable. Stay informed, stick to your strategy, and remember: patience is often the best move.