OM Technical Analysis & Price Predictions for 2025
Bullish Scenario
Technical Indicators:
Moving Averages: OM is trading above its 50-day and 200-day Simple Moving Averages (SMAs), indicating a strong uptrend.
Relative Strength Index (RSI): The RSI is currently at 60.24, suggesting bullish momentum without being overbought.
MACD: The MACD line is above the signal line, reinforcing the bullish outlook.
Price Predictions:
Optimistic forecasts suggest OM could reach a high of $4.77 in 2025, with an average trading price around $2.07.
In an extended bullish scenario, targets of $7.94 and $8.83 are projected based on Fibonacci extensions.
Fundamental Catalysts:
Ecosystem Development: Partnerships, such as the collaboration with Google Cloud, enhance MANTRA's infrastructure and credibility.
DeFi Expansion: Growing interest in decentralized finance (DeFi) platforms supports increased adoption of OM.
Bearish Scenario
Technical Indicators:
RSI: An RSI above 70 would indicate overbought conditions, potentially leading to a price correction.
Fair Value Gaps (FVG): Unfilled FVGs between $3.41–$1.52 and $0.54–$0.37 could act as magnets for price retracements.
Price Predictions:
Conservative estimates place OM's price between $1.06 and $1.36 in 2025.
Market Risks:
Regulatory Uncertainty: Changes in global financial regulations could impact DeFi platforms like MANTRA.
Market Sentiment: Negative news or broader market downturns could lead to decreased investor confidence.