Mantra (OM) has been on a strong uptrend and recently hit a new all-time high, gaining nearly 20% over the past week. This rise is supported by stronger technical indicators, which show strong momentum and a clear uptrend.
The combination of the bullish trend of the EMAs and favorable indicators such as the ADX and Ichimoku Cloud suggest that the uptrend may extend further and new highs may be made in the coming days. However, if the uptrend loses momentum, OM may test the critical support area, which will determine the sustainability of its recent gains.
OM's upward trend is getting stronger
OM’s ADX climbed from nearly 16 to 26.48 in just one day, highlighting a significant increase in trend strength.
An ADX above 25 typically indicates a strong trend, and this surge suggests that OM is shifting from a weak or sideways market to a definite and potentially sustainable move.
The 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 indicate a strong trend.
OM’s ADX is 26.48 and the market confirms an uptrend, supported by growing momentum and stronger directional push, suggesting further gains are likely ahead.
Ichimoku Kinko Hyo shows OM trend is bullish
The Ichimoku Cloud chart for OM price shows that a bullish trend is developing. The price has broken above the cloud (Kumo), which usually signals an uptrend.
Additionally, the forward cloud (Senkou Span A and B) is green, indicating good momentum and potential support. The price remains above the cloud, further supporting the possibility of continued gains.
OM Ichimoku cloud.
The Tenkan-sen (conversion line) is above the Kijun-sen (base line), which is another bullish sign indicating that short-term momentum is stronger than the long-term trend.
The Lagging Span (Chikou Span) is also above the price, confirming that recent price action is strongly supportive of the current trend. Together, these factors highlight that bullish sentiment is growing for OM.
OM Price Prediction: New Highs on the horizon?
Mantra’s EMA lines are currently showing a strong bullish trend with the price above all EMAs and the short term EMA above the long term EMA. OM is one of the leading tokens in the real world asset ecosystem today and could benefit greatly if this narrative continues to develop.
This structure reflects strong upward momentum, reinforcing the notion of a continuing uptrend. Recent price action supports this bullish outlook as OM price has remained well above key EMA thresholds, which typically act as dynamic support during an uptrend.
OM Price Analysis.
Combining insights from the ADX and Ichimoku Cloud indicators, OM’s recent breakout to a new all-time high of $1.85 could signal the start of a sustained rally. If the bullish momentum continues, further new highs could be in the cards in the coming days as the narrative surrounding real world assets (RWAs) regains traction.
However, if the uptrend stalls and reverses, OM price could test its first strong support area around $1.35. If this level fails to hold, the price could fall further, potentially to lows of $1.25, which is a critical support area.
OM’s ADX is 26.48 and the market confirms an uptrend, supported by growing momentum and stronger directional push, suggesting further gains are likely ahead.
