Price forecast to watch MANTRA (OM).

TL; DR

Mantra (OM) has risen nearly 15% in the past week, outperforming major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) during a market correction. Analysts suggest that OM may reach new highs if it breaks key resistance levels, indicating an upward trend supported by strong RSI and MACD indicators.

Top performer

Mantra (OM) – Second largest real world asset (RWA) in terms of total market capitalization – is it. Among the best performing cryptocurrencies in the past week. For that time, the price has risen by about 15% and is higher than Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Solana (SOL) and many others, which remain in the deep red. As a result A drastic correction seen a few days ago.

According to some analysts, OM may post more profit. coming soon. An X user He said he deserved it. If the price of the token breaks above $1.20, it could rise to a new all-time high. Main Resistance level $1.05. $0.55-$0.60 range declared as a “support zone”.

Certain Measurements indicate that the OM queue is not over. The Relative Strength Index (RSI) measures the speed and volatility of price movements and It is currently the host Around 60. A ratio of more than 70 It is considered Bearish as it indicates overbought conditions.

Another technical analysis tool worth noting is the Moving Average Convergence Divergence (MACD). It identifies signals that can be bought and sold, and based on TradingView's data Currently sitting In the “Buy” area.

Crypto markets are still recovering from the recent crash.

As mentioned above, not all cryptocurrencies are in the green like Mantra OM. Recall that on July 5 (the lowest level in five months), Bitcoin (BTC) fell below $54,000, while Ethereum (ETH) fell below $2,900. Both properties have been remodeled and are currently priced at $55,600 and $3,100 respectively.

Ripple's XRP fared worse, falling to a one-year low of $0.39. He canceled a few in the following days. of the Losses, the price rose above $0.43 (down 10 percent on a weekly basis).