According to CryptoPotato, Mantra (OM) has reached a new all-time high of over $1.30, with its market capitalization surpassing $1 billion. This milestone makes it the 80th-largest cryptocurrency by market cap. The token experienced a 15% daily increase, a 70% surge on a monthly scale, and an impressive 5,000% rise on a yearly basis.

Analysts are optimistic about OM's future performance. A user named Smith on X highlighted a “cup and handle” pattern on OM’s price chart, predicting a short-term target of $1.38 and a long-term target of over $5. This pattern is characterized by a U-shaped “cup” followed by a consolidation period resembling a “handle,” with a breakout occurring when the price exceeds the resistance level formed by the handle. Another analyst, Crypto Tony, mentioned investing in OM when its price reached $1.05 last week. AltCryptoTalk, who had previously predicted the asset’s rally, suggested that OM could hit $1.2 once it broke above the $1.05 resistance level.

Certain metrics also indicate that OM’s valuation may continue to rise. The MACD (Moving Average Convergence Divergence) tool, which identifies changes in price strength, momentum, direction, and duration, is currently suggesting a buying opportunity. TradingView data shows that 13 additional moving averages are flashing buy signals, with only one (Ichimoku Base Line) remaining neutral.