š $OM Melesat 50% More! What Happened?
š Mantra ($OM ) has officially become one of the top gainers today with a price surge of +51.98% in the last 24 hours. The price reached a daily peak of $0.3971 after a sharp breakout from the previous consolidation area around $0.22.
šÆ Trading volume has also dramatically surged, with a total of 541 million OM changing hands, which automatically reflects the soaring market enthusiasm. This price increase is technically supported by short MA (7 & 25) indicating strong bullish momentum, along with dominant green candles on the 4-hour time frame.
š¹ This surge has also brought $OM out of its medium-term price stagnation. However, interestingly, it is still historically recorded down -73.33% over the last year. This means there is still plenty of room for long-term recovery as long as macro and on-chain sentiment remains positive.
š It should be noted that no major fundamentals were announced today from the Mantra team. It is highly likely that this is pure price action driven by technical sentiment and capital rotation into second-tier altcoins.
š Disclaimer:
This content is for informational purposes only and is not an invitation to buy or sell any cryptocurrency assets. DYOR (Do Your Own Research) and always align decisions with individual risk profiles.
