Mantra ($OM ) is up over 8% in the past 24 hours, amid broader crypto market volatility.
Additionally, the Moving Average Convergence Divergence (MACD) has signaled bullish sentiment as the signal line crosses above the MACD line.
Market sentiment surrounding Mantra remains positive, highlighted by a 7.9% surge in 24-hour trading volume, totaling over $50 million in OM tokens traded. This uptick underscores increasing investor confidence in the project’s growth prospects.
OM’s technical data signals further price increases for the asset in the short term. Projections for 2024 set a price target of around $1.24, with optimistic scenarios suggesting highs up to $1.45.
Mantra’s current market capitalization is $703.4 million, supported by a circulating supply of 831.3 $OM tokens. These figures underscore MANTRA’s robust foundation for sustained growth in the cryptocurrency market.