Mantra (OM) Price Breaks Records in Strong Upward Momentum
Mantra (OM) price has been on a strong upward trajectory, recently hitting all-time highs and rising nearly 20% over the past week. The rally is supported by stronger technical indicators, showing strong momentum and a clear uptrend.
A bullish EMA formation combined with favorable indicators such as the ADX and Ichimoku Cloud suggests that the rally may extend further, with new highs likely in the coming days. However, if the uptrend loses steam, OM could test key support areas, which would determine the sustainability of its recent gains.
The upward trend of OM 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 usually signals a strong trend, and such spikes indicate that OM is transitioning from a weak or sideways market to a clear and stable market. Potential continuous movement.
ADX, or the Average Directional Index, measures trend strength on a scale from 0 to 100. Values below 20 indicate a weak trend, while values above 25 indicate trend strength.
With OM’s ADX at 26.48, the market is confirming an uptrend on the back of growth momentum and a stronger directional push, suggesting further gains may be around the corner.
Ichimoku cloud shows OM trending bullish
Ichimoku Cloud Atlas OM price Shows that a bullish trend is forming. The price has broken out of the cloud (Kumo), which usually signals an uptrend.
Additionally, the clouds ahead (Senkou Span A and B) are green, indicating positive momentum and potential support levels. Prices remaining above the clouds further support the possibility of continued gains.
The Tenkan-sen (conversion line) is above the Kijun-sen (baseline), which is another bullish sign that the short-term momentum is stronger than the long-term trend.
The Chikou Span is also above the price, confirming that recent price action strongly supports the current trend. Together, these elements emphasize strengthening Bullish Sentiment on OM.
OM Price Prediction: New Highs Coming?
Mantra’s The EMA lines are currently showing a strong bullish trend, with the price trading above all these lines, with the short-term EMA above the long-term EMA. Om is one of the leading coins real world assets ecologyToday’s system, if this narrative continues to evolve, could benefit greatly.
This structure reflects strong upward momentum and reinforces the concept of a continuing uptrend. Recent price action supports this bullish outlook, as OM price has managed to maintain levels well above the key EMA threshold, which often acts as dynamic support during uptrends.
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 attempts at new highs are likely in the coming days as concerns surrounding Real World Assets (RWA) Restore traction.
However, if the uptrend falters and reverses, OM price A test of the first strong support area near $1.35 is likely. Failure to hold this level could see the price fall further, potentially towards the key support area of $1.25.
Disclaimer
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