Can Mantra Shock The Community By Moving Past $1?

The OM crypto had faced a good start this year after a prolonged flat price action in 2023; it showed massive 3100% gains from $0.0324 to $1.044 by April 11th, 2024. The earlier run was backed by major Volume Profile levels like $0.032, $0.217, $0.677, and $0.713. Thereon, the OM plunged with the resonance to BTC, dipped to $0.60, and closed at $0.65, which seemed pretty close to the VP's.

Moreover, after consolidating for a while near $0.67 and $0.71 VPs, the price got a boost on May 30th towards the peak of $1.10 by June 10th, 2024. However, corresponding to BTC, the price of OM deteriorated and was back to the VPs. Thus, it showed that the Volume profile levels were indeed holding the OM. Despite BTC declining this whole month of June 2024, the OM showed a bullish rise.

On July 4th, the OM encountered a VP resistance at $0.909 and declined back to the VP $0.677 level.

At press time, the MANTRA (OM) has traded 12.83% higher and approaching VP resistance of $0.909 again, and if it manages to go above, it could rise to $1.10. But, to go down, the bears need extra pressure to move past the super resistance level of VPs at $0.713 and $0.677, respectively. The indicators are bullish 50-day, and 200-day EMA’s are supporting the price. While MACD had a bullish cross, and RSI flashed at 57.39.