Mantra (OM) has recently surged to new all-time highs, gaining nearly 20% in the past week, driven by a strong bullish trend. As the market heats up and altcoins take the spotlight, OM seems to be positioning itself as one to watch closely.
With bullish indicators pointing to more potential gains, could this underdog coin become the next big winner?
Keep reading as we dive into the technicals and find out if now is the right time to adjust your portfolio.
What’s Driving Mantra’s Bullish Momentum?
Let’s take a closer look at the key indicators supporting OM’s rise.
The Average Directional Index (ADX) has jumped sharply from 16 to 26.48, indicating a major shift from a weak market to a clear uptrend. An ADX value above 25 typically signals strong momentum, which suggests that OM is in the middle of a powerful bullish phase.
The Ichimoku Cloud chart also shows a bullish trend, with OM’s price breaking above the cloud—a strong sign of upward movement. The conversion line (Tenkan-sen) is above the base line (Kijun-sen), indicating that short-term momentum is stronger than the longer-term trend. Additionally, the lagging span (Chikou Span) remains above the price, adding to the bullish sentiment.
OM is currently trading above key Exponential Moving Averages (EMAs), reinforcing the idea that the upward trend will likely continue. Shorter-term EMAs are positioned above the longer-term ones, strengthening the bullish outlook. These EMAs act as dynamic support levels, helping to keep the price moving upward.
Key Levels to Watch for Potential Reversal
Although the bullish trend remains strong, OM may face tests at key support zones if the upward momentum slows down. The first major support level is seen around $1.35, with $1.25 serving as a critical level that could determine whether the uptrend will continue or if a deeper correction is likely.
What’s Next for Mantra (OM)?
With the current technical indicators pointing toward a continued uptrend, Mantra (OM) could keep breaking new highs if the positive momentum holds. The combination of a strong ADX, a bullish Ichimoku Cloud, and favorable EMAs all suggest the potential for further growth. However, the support levels around $1.35 and $1.25 will be key in maintaining this bullish outlook.
With strong technical signals backing its rally, Mantra (OM) is certainly a coin to keep an eye on in the days ahead.
