Based on the current technical analysis for MANTRA (OM), here are the significant support and resistance levels being traded around:
Current Support Levels:
* $0.37 - $0.38 USD: This level appears to be a short-term support area where the price has recently bounced from in some analyses.
* $0.35 - $0.36 USD: Considered another potential support level, and it could act as a bottom if the downward trend continues.
* $0.30 USD: This is a significant psychological support level and could be a target in the event of a substantial decline.
Current Resistance Levels:
* $0.42 - $0.43 USD: This level represents an immediate resistance area where the price is currently facing difficulty breaking through.
* $0.45 - $0.48 USD: Considered another potential resistance area in the event of an upward rebound.
* $0.50 USD: This is a significant psychological resistance level and could be a target if the upward momentum continues.
Other Important Points:
* Pivot Point: Located around $0.36 USD in some analyses, and breaking above it might indicate a slight upward movement.
* Moving Averages: Most moving averages (such as MA7, MA25, MA99) are currently indicating a downward trend and are acting as resistance levels.
* RSI Indicator: Occasionally indicates "oversold" conditions in the short term, which could lead to a temporary rebound.
Remember:
* These levels are merely estimates based on the current technical analysis and may not hold.
* The cryptocurrency market is highly volatile, and these levels can change rapidly.
* It is always important to conduct your own research and consider other factors such as market sentiment and news before making any trading decisions.
For the latest and most accurate support and resistance levels, it is best to continuously monitor live charts and technical analysis platforms.
