Bullish Indicators Signal Further Gains
Mantra (OM) has recently surged to new all-time highs, rising nearly 20% over the past week, driven by a strong bullish trend. Technical indicators point to continued upward momentum, suggesting further price gains are possible in the near term.
Mantro (OM) has emerged as a popular choice for the upcoming altcoin season following Trump’s victory despite underperforming over the past few weeks, but lesser-known coins have a bright future.
Let’s take a deeper look at the key metrics driving OM.
Strong technical indicators confirm bullish trend
The Average Directional Index (ADX) jumped sharply from 16 to 26.48, reflecting a strong trend shift from a weak market to a clear and sustained uptrend. ADX values above 25 usually indicate the strength of the trend, indicating that OM is in a strong bullish phase.
Ichimoku Balance Table Cloud chart The price of OM broke out of the clouds, which is a strong uptrend and confirms the bullish trend. The conversion line (Tenkan-sen) is above the baseline (Kijun-sen), indicating that short-term momentum is stronger than the long-term trend. Additionally, the Chikou Span remains above the price, reinforcing the bullish sentiment.
Additionally, OM’s price is currently above the key exponential moving average (EMA), suggesting that the upward momentum may continue. The combination of the short-term EMA with the long-term EMA further strengthens the bullish outlook, as these EMAs act as dynamic support during uptrends.
Watch for key levels for potential reversals
While the bullish trend remains strong, OM could face a test of key support areas if the upward momentum slows. The first major support is near $1.35, with $1.25 a key level that could determine whether the uptrend continues or if a deeper correction is possible.
Mantra (OM) Outlook
With technical indicators currently pointing to a continued uptrend, Mantra (OM) could continue to break out to new highs if the positive momentum continues. The combination of strong ADX readings, bullish Ichimoku cloud, and favorable EMA alignment suggest that further growth is possible. However, key support levels near $1.35 and $1.25 will be crucial to sustain this bullish outlook. If these levels hold, OM has the potential to continue rising, making it a coin worth keeping a close eye on in the coming days.
Is now a good time to change your investment portfolio? Tell us your choices.
