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Mantra Price Analysis

Jun 10, 2024

Mantra price has experienced a bullish trend for over 20 months, displaying a significant upward trajectory since the beginning of this year. The native asset of Mantra, $OM Coin, surged by 25% within a week, surpassing the crucial $1 resistance level that had previously acted as a strong barrier following a decline in mid-April. Despite this impressive rally, the price encountered resistance at $1.10, leading to a minor pullback towards the newly formed critical support level at $1. Currently, Mantra Crypto Price is trading above all key moving averages, signaling a bullish momentum in the short term. According to analysis by Coin Gabbar, the Mantra price is predicted to potentially rise to the 1.2 Fibonacci levels at $1.30, indicating the possibility of achieving new highs. However, in the event of negative market sentiment or a wider market downturn, $OM Price could retreat to its sturdy support zones situated at $0.90 and $0.85.

KEY LEVELS :

RESISTANCE LEVEL : $1.3000-$1.7000

SUPPORT LEVEL : $0.8800-$0.6500

Disclaimer: Coingabbar's analysis of cryptocurrencies, NFTs, or other decentralized investments serves solely for informational purposes. It does not constitute financial advice. Users are strongly urged to conduct their research, use judgment, and understand the risks associated with any financial instruments. Coingabbar holds no responsibility for financial losses. Cryptocurrency and NFT markets exhibit high volatility; therefore, users should seek advice from financial experts and evaluate their risk tolerance before making investments.

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