The cryptocurrency MANTRA (OM) is experiencing a significant upward trend, with a 14% price increase in the last 24 hours backed by high buying volume.
Current OM Price Situation
MANTRA's price has increased by 14% in the past 24 hours, now trading at $8.6588, reflecting a bullish trend. The daily trading volume surged by 130%, indicating increased investor interest. The market cap is $8.45 billion, with a 24-hour trading volume of $556.56 million.
Factors Influencing the Rise
The OM price shows a steady upward momentum supported by a high buying volume. Bulls dominate the market, as seen with prices above the 50-day and 200-day EMA. Despite the strong rise, there are still opportunities for further appreciation, given the additional demand from investors during possible corrections.
Technical Indicators Analysis
RSI and MACD indicators are in the positive zone, supporting the possibility of reaching the $10 mark. The ongoing uptrend is driven by the aggressive stance of buyers, as seen on Tradingview charts. In the past year, OM's price increased by 127.43%, by 139.21% over three months, and by 137.89% over the last month.
OM's price rise is driven by strong bullish trends and high trading volume. Technical indicators also suggest further growth potential, attracting investor attention.
