In the start of the year, the price had started with consolidation in price, and slowly gained pace after january end, the bulls interest increased and the price flew to $1 Mark by April 10th. Therafter, the price was in consolidation, until it broke out of the range on June 9th, from taking suppprt from key support area at $0.65.
At press time, the OM has traded at 1.086 with an 5.06% intraday gain, massive volume gain, and traded above dynamic support of 50-day, and 200-day EMA's.
As per Defillama, the Mantra DAO (OM) has attraacted investors, which has increased market participation in the asset. Thus, it led to increase in its staking and token liquidity to advance.
Few more tools suchas MACD and RSI also illustrates the growth in OM crypto. But, the RSI has flashed at 80.11, which is an extreme overbought territory, the bullish strenghth could be capped, so investors and readers should stay cautious.
An analyst Cameron Fous tweeted with optimism on X, that like ONDA crypto, OM crypto could show a massive pump upto $2 Mark
Therefore, if the OM crypto continues to surge, the new targets would be $1.50, and $2.0. But, if it slides back into the range, then sideways momentum could increase, and if it fails belo $0.65, then bearishness could increase, and the next support would be then $0.50 mark.
At press time, the OM has traded at 1.086 with an 5.06% intraday gain, massive volume gain, and traded above dynamic support of 50-day, and 200-day EMA's.
As per Defillama, the Mantra DAO (OM) has attraacted investors, which has increased market participation in the asset. Thus, it led to increase in its staking and token liquidity to advance.
Few more tools suchas MACD and RSI also illustrates the growth in OM crypto. But, the RSI has flashed at 80.11, which is an extreme overbought territory, the bullish strenghth could be capped, so investors and readers should stay cautious.
An analyst Cameron Fous tweeted with optimism on X, that like ONDA crypto, OM crypto could show a massive pump upto $2 Mark
Therefore, if the OM crypto continues to surge, the new targets would be $1.50, and $2.0. But, if it slides back into the range, then sideways momentum could increase, and if it fails belo $0.65, then bearishness could increase, and the next support would be then $0.50 mark.