The price of Mantra (OM) has been on a strong upward trajectory, recently hitting a new all-time high and gaining nearly 20% over the past week. This rise has been supported by strong technical indicators, showing strong momentum and a clear uptrend.
A combination of bullish indicators such as the EMA concordance and favorable metrics such as the ADX and Ichimoku Cloud suggest that the rally could extend further, with fresh highs possible in the coming days. However, if the uptrend loses momentum, OM could test key support areas that will determine the sustainability of its recent gains.
OM's uptrend is getting stronger
OM's ADX rose from around 16 to 26.48 in just one day, highlighting a significant increase in trend strength.
ADX above 25 usually indicates a strong trend, and this rise indicates that the OM is moving from a weak or sideways market to a clear and potentially sustainable movement.
The X, or Average Directional Index, measures the strength of a trend on a scale of 0 to 100. Values below 20 show weak trends, while values above 25 indicate strength.
With OM's ADX at 26.48, the market confirms an uptrend, supported by increasing momentum and stronger directional push, suggesting that additional gains may be on the horizon.
The Ichimoku cloud shows that the OM trend is bullish.
The Ichimoku Cloud chart of OM price shows an uptrend forming. The price has crossed the cloud (kumo), which usually indicates an uptrend.
In addition, the future cloud (Senkou Span A and B) is green, indicating positive momentum and potential support levels. The price remaining above the cloud supports the possibility of a continuation of the upward movement.
The Tenkan-sen (conversion line) line is above the Kijun-sen (base line), which is another bullish signal that indicates that short-term momentum is stronger than the long-term trend.
The lagging span (Chikou span) is also above the price, confirming that the recent price action strongly supports the current trend. Together, these elements highlight the strengthening of the bullish sentiment for OM.
OM Price Prediction: Will It Hit New Highs Soon?
Mantra The EMA lines are showing a strong bullish consensus, with the price trading above all EMA lines and the short-term EMA lines positioned above the long-term ones. OM is one of the leading coins in the real asset system today and could benefit greatly if this narrative continues to grow.
This structure reflects strong bullish momentum, reinforcing the idea of a continued uptrend. Recent price action supports this bullish outlook, as OM price has managed to maintain levels above key EMA thresholds, which often act as dynamic support during uptrends.
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, fresh attempts to set new all-time highs are possible in the coming days, as the narrative around real assets (RWA) is restored.
However, if the uptrend falters and reverses, OM price may test the first strong support area around $1.35. If this level fails to hold, the price may drop further, possibly reaching $1.25, which is a critical support area.
