Cryptocurrency Mantra (OM) is showing strong momentum amid a decrease in Bitcoin dominance. OM is at critical resistance levels.
Bullish Pennant Formation
In November 2024, Mantra (OM) witnessed a significant rally, rising from $1.28 to $4.52. Afterward, the price consolidated within a bullish pennant pattern, finding support at $3.43. OM has currently reached $3.93, nearing resistance. A breakthrough could target $4.60, a 17% upside.
Key Indicators
MACD shows a mild bullish crossover, indicating potential momentum but moderate buying pressure. The RSI at 58.69 suggests a neutral zone with more room for a bullish move.
What’s Next?
Mantra (OM) is at a crucial point in the pennant pattern. Investors should watch levels near $3.93–$4.00 for signs of a breakout. Overcoming resistance may head toward $4.60. If it pulls back, focus shifts to the support at $3.68.
Mantra (OM) is at a critical juncture. Investors need to monitor the market for decision-making to avoid major corrections.
