Technical Analysis
The MANTRA (OM) currency surprised today with a skyrocketing increase of over +24%, reaching 0.5177$ before currently stabilizing at 0.4645$.
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What is happening on the chart?
• A strong price explosion started from the bottom 0.3510$ with a surge of high liquidity (228M OM in 24 hours).
• The moving averages (MA 7 and MA 25) showed a positive crossover, which reinforces the continuation of the upward trend.
• RSI is approaching 70, indicating strong momentum but also warning of a potential temporary correction.
• The candles show a healthy retest after the rise, which may open the door for a second wave of increase.
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Potential near targets:
• Current support: 0.4160$
• Immediate resistance: 0.5177$
• If broken: the next target ranges between 0.55$ – 0.60$
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Note for traders:
The currency shows strong movement driven by real momentum, but caution is required at resistance levels. Close monitoring is important, especially in the case of a stable break above 0.5177.
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What do you think? Are we facing a new upward wave? Share your predictions.
#Mantra #CryptoAnalysis #تحليل_فني #OM
