According to the latest MANTRA DAO (OM) price predictions, the token’s price is expected to dip by roughly -4.55%, seizing $1.216685 by November 1. Amid this anticipated short-term decline, market sentiment remains bullish based on our technical analysis, with the Fear & Greed Index currently sitting at 42, indicating fear in the market. Over the past month, trading currently at $1.30 with a volume/market cap of 5.42% — per CoinMarketCap data — MANTRA has experienced 15 green days out of 30 (50%) with price volatility of 10.66%. This volatility, mixed with the bullish vibes, suggests that it might be a strategic time for investors to consider accumulating OM tokens.
OM/USD price chart and ecosystem, Image Source: CMC data
Long-Term Price Predictions (2025–2030)
The future outlook for MANTRA takes into account historical price movements and BTC halving cycles, which have traditionally shifted market trends. The predicted yearly low for OM in 2025 is $1.199919, while it could potentially shoot up to $1.656183 by the end of the year. If this upper target is reached, it would represent a gain of 28.19% compared to the current price.
The drawn price range for 2025 is between $1.199919 and $1.656183, representing a notable upswing of 28.19%.
By 2030, MANTRA’s price is expected to change hands between $1.99121 and $2.30, possibly injecting a 78.29% gain if the higher target is met.
Technical Analysis Breakdown
As of October 2, 2024, the overall sentiment for MANTRA DAO is bullish, with 27 out of 30 technical indicators flashing bullish signals, while only 3 indicators suggest bearish trends.
The 200-day SMA is heading for $0.862421 by November 1, while the 50-day SMA is expected to hit $1.203525 within the same timeframe. These moving averages indicate potential upward momentum in the medium and long term.
Currently, MANTRA’s RSI sits at 62.76, signaling a neutral market position. As the RSI moves closer to 70, it could indicate an overbought condition, while a drop below 30 might suggest that the token is oversold.
Key Price Levels and Resistance/Support Zones
In terms of key price levels, MANTRA DAO is hovering near the classical pivot point (P1) at $1.23124. Immediate support levels are found at $1.199623, $1.157352, and $1.125735. On the upside, resistance levels are pinned at $1.273511, $1.305128, and $1.347399. Traders should closely watch these zones as they offer critical insight into potential price breakouts or breakdowns.
MANTRA (OM)/USD price movements, Image Source: CoinCodex
Correlation with Other Cryptocurrencies
Over the past week, MANTRA DAO has shown strong positive correlations with certain altcoins, including Mog Coin (MOG), Wormhole (W), Dogwifhat (WIF), Shiba Inu (SHIB), and OKB (OKB). Conversely, OM has demonstrated negative correlations with Monero (XMR), Fetch.ai (FET), SingularityNET (AGIX), EigenLayer (EIGEN), and Celestia (TIA). MANTRA DAO also shows a positive correlation with the top 10 cryptocurrencies by market cap (excluding Tether), with a coefficient of 0.121. In comparison, its correlation with the top 100 coins, excluding stablecoins, is stronger, at 0.269.
Short-Term Price Forecast
In the near term, MANTRA DAO is expected to hover around $1.248518 by October 9, 2024, representing a potential decline of -2.05%. This short-term projection is based on recent market trends and volatility patterns observed over the last 30 days. Investors and traders should monitor changes in technical indicators and sentiment to adjust their strategies accordingly.
While the short-term outlook for MANTRA DAO points toward a minor price dip, the long-term prospects remain optimistic, especially as we move toward 2030. With bullish signals dominating the technical landscape, investors looking for exposure to OM should stay tuned to key resistance and support levels and keep an eye on its correlation with other major cryptocurrencies to capitalize on potential price movements.
The post MANTRA (OM) Price Prediction 2024, 2025-2030: Is MANTRA DAO Set for a Huge Comeback? Long-Term Predictions Reveal Shocking Gains by 2030 appeared first on Coinfomania.
