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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.