- In the last 30 days OM has been trading in the green for the last 15 days.
- The Mantra token has outperformed 96% of the top 100 crypto assets over the past year.
According to analysts Mantra The mood was optimistic and the price also rose.
The Mantra Crypto Market capitalization has seen a rise of 11.2% in the last 24 hours. It has been rising steadily for the past few days. Moreover, the token’s market capitalization was #75 according to CoinMarketCap.
The cryptocurrency’s trading volume increased by 62%, resulting in a trading value of $18.007 million in the last 24 hours. This resulted in low liquidity. as 2.07% of the token market cap was traded.
The token’s circulating supply at press time was 94% of the total, namely OM836.873 million. The maximum supply was not defined and the fully diluted market capitalization was USD 919.691 million.
The Mantra Token Price was very volatile with a volatility of 11.02%. Additionally, the token’s market capitalization dominance was 0.04%, while supply inflation was very high at 67.44%.
The token’s CertiK security score was 84.15 and its security ranking was #361. It also belonged to tier A and had strong market fundamentals, followed by a market value of 94.03.
Mantra Token Derivatives Data Analysis
Derivatives volume and open interest in the Mantra token have increased. The value of derivatives volume traded increased by 84% to $46.35 million.
In the last 24 hours since press time, a significant number of short positions were liquidated, resulting in a result of $55,110. Long positions worth $13,850 were also liquidated, showing the dominance of bulls on this token.
Technical analysis of the OM token
The daily chart of the OM Token highlighted a series of robust bullish candlesticks. This reflected a clear dominance of buyers in the market.
This sustained buying pressure has pushed the price of the token higher. This resulted in a significant breakout and strengthened the token’s bullish momentum.
The overall trend of OM remains strongly bullish, indicating the potential for further price gains. After a brief drop to lower levels, the OM token has regained momentum. This indicates the possibility of further upward movement soon.
Analysis of technical indicators for OM Token
The OM Token is currently signaling a strong uptrend, highlighted by the Supertrend indicator and reinforced by a golden cross between the 50-day and 200-day EMAs.
This convergence has boosted the price of the token, with OM now trading 70% above the 200-day EMA. The notable divergence between the price and the EMA highlighted the robust bullish momentum of OM’s price action.
OM/USD chart by TradingView
The MACD metrics have also risen sharply, marked by a bullish crossover between the MACD and the signal line. This key indicator suggests further upside.
This bullish sentiment was further supported by the RSI, which has crossed above the 14-day SMA and broken above the 50 level. The RSI is at 53, reflecting strong buying momentum in the market.
The OM token could find support at the $0.660 and $1.110 levels. At the same time, potential resistance could be at $1.40 and $2.00.
Disclaimer
This article is for informational purposes only and does not constitute financial, investment or other advice. The author or anyone mentioned in this article is not responsible for any financial loss that may arise from investing or trading. Please do your own research before making any financial decisions.
