Would Mantra (OM) Be Able To Amaze the Community by Going Beyond
Would Mantra (OM) Be Able To Amaze the Community by Going Beyond $1 Mark?
MANTRA (OM) had a remarkable start in its journey in 2024 after a prolonged flat price action in 2023. It delivered a massive 3100% spike from $0.0324 to $1.044 by April 11th, 2024, in which the primary impulse from buyers was seen from the $0.2170 level in the run. The earlier run was backed by prominent high Volume Profile (VPs) levels like $0.0324, $0.217, $0.677, and $0.713.
OM plunged alongside BTC, dipped to $0.60, and where candles closed at $0.65, which seemed close to the high volume-based levels.
Moreover, after consolidating near the high volume support levels of $0.67 and $0.71 VPs for a while, the price got a boost on May 30th towards the peak of $1.101 by June 10th, 2024. However, corresponding to BTC, OM deteriorated and was returned to the zone of $0.67 to $0.71 by June 2024.
Thus, it showed that the volume profile levels indeed held the OM. Despite BTC declining on June 18th, 2024, OM displayed a bullish rise.
Furthermore, the BTC price struggled to rise past the 200-day EMA, yet the OM surged again 45% from the significant support on June 24th and rose higher by defeating another high volume-based resistance of $0.909 on the daily chart.
Mantra (OM) Price Forecast, And Indicators Viewpoints!
At press time, OM has traded 3.17% higher and is approaching to retest ATH of $1.10. If it goes above ATH, the door would open more possibilities in Mantra (OM). However, to go down, the bears need to pass $0.909 support and, once breached, would require extra pressure to move past the high volume support zone of $0.713 and $0.677, respectively.
The indicators are bullish, and the 200-day and 50-day EMA bands support the OM price. While MACD had a robust bullish cross with broad histogram width at 0.02309, and RSI flashed at 62.89 after taking a jump from 14-SMA. Thus implying that the Mantra (OM) gaining momentum and could achieve new peaks.
MANTRA (OM) had a remarkable start in its journey in 2024 after a prolonged flat price action in 2023. It delivered a massive 3100% spike from $0.0324 to $1.044 by April 11th, 2024, in which the primary impulse from buyers was seen from the $0.2170 level in the run. The earlier run was backed by prominent high Volume Profile (VPs) levels like $0.0324, $0.217, $0.677, and $0.713.
OM plunged alongside BTC, dipped to $0.60, and where candles closed at $0.65, which seemed close to the high volume-based levels.
Moreover, after consolidating near the high volume support levels of $0.67 and $0.71 VPs for a while, the price got a boost on May 30th towards the peak of $1.101 by June 10th, 2024. However, corresponding to BTC, OM deteriorated and was returned to the zone of $0.67 to $0.71 by June 2024.
Thus, it showed that the volume profile levels indeed held the OM. Despite BTC declining on June 18th, 2024, OM displayed a bullish rise.
Furthermore, the BTC price struggled to rise past the 200-day EMA, yet the OM surged again 45% from the significant support on June 24th and rose higher by defeating another high volume-based resistance of $0.909 on the daily chart.
Mantra (OM) Price Forecast, And Indicators Viewpoints!
At press time, OM has traded 3.17% higher and is approaching to retest ATH of $1.10. If it goes above ATH, the door would open more possibilities in Mantra (OM). However, to go down, the bears need to pass $0.909 support and, once breached, would require extra pressure to move past the high volume support zone of $0.713 and $0.677, respectively.
The indicators are bullish, and the 200-day and 50-day EMA bands support the OM price. While MACD had a robust bullish cross with broad histogram width at 0.02309, and RSI flashed at 62.89 after taking a jump from 14-SMA. Thus implying that the Mantra (OM) gaining momentum and could achieve new peaks.
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