- In the last 30 days, OM traded in green over the last 15 days.
- Mantra token outperformed 96% of the top 100 crypto assets in the last 1 year.
As per the analysts, the Mantra sentiment was bullish, and the price has also increased.
The Mantra crypto market cap has witnessed an advance of 11.2% in the last 24 hours. It has consistently advanced over the previous few days. Additionally, the token’s market cap ranking was #75 per CoinMarketCap.
The crypto’s trading volume increased 62%, leading to a traded value of $18.007M in the last 24 hours. That 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 supply at 836.873M OM. Its maximum supply was not defined, and it had a fully diluted market cap of $919.691M.
The Mantra token price was highly volatile, with 11.02% volatility. Also, the token’s market cap dominance was 0.04%, while the supply inflation was very high, resulting in 67.44%.
The CertiK security score of the token was 84.15, and its security ranking was #361. It also belonged to the A tier and had strong market fundamentals, followed by a market score of 94.03.
Mantra Token Derivatives Data Analysis
The derivatives volume and open interest in the Mantra token have advanced. Its derivatives traded volume value advanced by 84% to $46.35M.
In the last 24 hours from press time, a considerable number of shorts were liquidated, resulting in $55.11K. Longs worth $13.85K were also liquidated, showing the bulls’ dominance in the token.
OM Token Technical Analysis
The daily chart of the OM token highlighted a series of robust bullish candlesticks. It reflected a clear dominance of buyers in the market.
This sustained buying pressure has driven the token’s price upward. This led to a significant breakout and reinforced the token’s bullish momentum.
The overall trend of OM remains strongly bullish, indicating the potential for further price increases. After experiencing a brief retracement to lower levels, the OM token has gained momentum again. It suggested the possibility of continued upward movement soon.
OM Token Technical Indicator Analysis
The OM token is currently signaling a strong bullish trend, highlighted by the Supertrend indicator and further reinforced by a golden cross between the 50-day and 200-day EMAs.
This convergence has increased the token’s price, with OM now trading 70% above the 200-day EMA. The notable divergence between the price and the EMA underscored the robust upward momentum in OM’s price action.
OM/USD Chart by TradingView
The MACD metrics have also surged, marked by a bullish crossover between the MACD and the signal line. This key indicator suggested the potential for continued upward movement.
This bullish sentiment was further supported by the RSI, which has exceeded the 14-day SMA and surpassed the 50-level. The RSI stands at 53, reflecting strong buying momentum in the market.
The OM token may find support at the $0.660 and $1.110 levels. At the same time, potential resistance could be encountered at $1.40 and $2.00.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
