Mantra (OM) price has witnessed a strong bullish momentum, recently hitting a new all-time high and gaining around 20 percent over the past week. The rally is supported by consolidating technical indicators, showing strong momentum and a clear uptrend.
The combination of bullish EMAs lining up and positive metrics like ADX and the Ichimoku Cloud suggest that the rally could extend, with the potential for new highs in the coming days. However, if the uptrend loses momentum, OM could test key support zones to determine the sustainability of recent gains.
OM's uptrend is getting stronger
OM's ADX jumped from nearly 16 to 26.48 in just one day, highlighting a significant increase in trend strength.
An ADX above 25 typically signals a strong trend, and this spike shows that OM is moving from a weak or sideways market to a clear and likely sustained move.
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 increasing momentum and a stronger directional move, suggesting additional gains could be ahead.
Ichimoku Cloud indicates uptrend of OM
The Ichimoku Cloud chart for OM price is forming an uptrend. The price has crossed above the cloud (Kumo), which usually signals an uptrend.
Furthermore, the front cloud (Senkou Span A and B) is green, indicating positive momentum and potential support levels. The price staying above the cloud further strengthens the case for further upside.
OM Ichimoku Cloud. Source: TradingView
The Tenkan-sen (conversion line) is above the Kijun-sen (base line), a bullish signal that shows short-term momentum is stronger than the long-term trend.
The position of the lagging line (Chikou Span) is also above the price, confirming that recent price action strongly supports the current trend. These factors together emphasize a strengthening bullish sentiment towards OM.
OM Price Prediction: New Highs Coming?
Mantra’s EMAs are currently showing a strong bullish alignment, with price trading above all and the short-term EMAs above the long-term EMAs. OM is one of the top coins in the real asset ecosystem and could benefit greatly if this story continues to develop.
This structure reflects sustained bullish momentum, reinforcing the view of a continuing uptrend. Recent price action also supports this bullish outlook, as OM price has held well above key EMA levels, which often act as dynamic support in uptrends.
OM Price Analysis. Source: TradingView
Combining insights from ADX and Ichimoku Cloud metrics, OM’s recent breakout to a new all-time high of $1.85 could signal the start of an extended rally. If the bullish momentum continues, challenges to new highs are likely to occur in the coming days as the real asset narrative regains traction.
However, if the uptrend deviates 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 the important level of $1.25.
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