Amid rising volatility, in the crypto space, the Mantra price has displayed a strong bullish action over the past month. This has resulted in this altcoin achieving a new ATH today during the early Asian market.
Will the increasing bullish sentiment push the price of Mantra toward a new ATH this week? In this article, we at CoinPedia have covered the short-term market sentiment and possible Mantra (OM) price analysis just for you!
The Mantra price has jumped ~38% in 24 hours with a trading volume of $874.06 million. Moreover, it has added 28.21% over the past seven days and has surged 97.21% over the last 30 days. With a YTD return of 99.89%, it has a marekt cap of $7.336 billion.
The Relative Strength Index (RSI) has breached the overbought range in the daily time frame. Moreover, its average trendline displays a positive crossover. This suggests a strong buying-over-selling pressure for the altcoin in the crypto market.
On the other hand, the EMA 50-day acts as a support to the price chart in the Mantra price chart. This highlights a positive outlook for the 22nd largest crypto token this month.
If the bullish sentiment sustains, the OM coin price will head toward its $8.50 range. Maintaining the price above that level could push the price toward its upper price target of $10 in the upcoming time.
On the contrary, if a trend reversal occurs, the Mantra price may retest its immediate support trendline of $7.320. Furthermore, if the bearish sentiment intensifies, this could result in it plunging toward its lower support of $6.2440.
Are you one of many who are planning on investing in OM crypto coin but concerned about its future prospects? Read the latest Mantra price prediction today to uncover the long-term mysteries!
If the bullish sentiment sustains, the OM coin price may range between $5.92 and $14.68 this year.
With increased bullish sentiment and increased adoption, the Mantra coin may reach a maximum trading value of $45 by the year 2030.
With a 24-hour trading volume of $874.06 million, the value of OM crypto token is $7.7944.
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