OM BTC MANTRA Technical Analysis

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By Frans van Elst

MANTRA logo In this MANTRA technical analysis, we will examine the current price action, trading volume, key levels and indicators for OM-BTC. MANTRA is a decentralized, open-source blockchain platform that utilizes a novel consensus algorithm called “Proof of Stake with Recursive zk-SNARKs” to achieve high security and scalability. This innovative approach allows for fast and confidential transactions, making it an attractive option for users looking for a secure and private cryptocurrency solution. Additionally, MANTRA’s unique governance model ensures that the platform is constantly evolving to meet the needs of its users and contributors.

MANTRA Price Overview:

As of April 16, 2024, MANTRA is trading at approximately 1e-05 BTC. Let’s dive into the detailed price action for OM-BTC:

Anticipate potential growth for MANTRA (OMBTC) at 1.27e-05 BTC through positive technical analysis, emphasizing strong support and promising indicators.

Metric Value
Open (O) 1e-05
High (H) 1e-05
Low (L) 1e-05
Close (C) 1e-05
Volume (C) 1,034,738.00
  • Open (O): The opening price for today’s trading session was approximately 1e-05 BTC.
  • High (H): MANTRA reached a daily high of around 1e-05 BTC.
  • Low (L): The daily low for OM-BTC was approximately 1e-05 BTC.
  • Close (C): At the time of analysis, MANTRA is trading near its daily close of 1e-05 BTC.
Metric Value
1D Change (%) -8.80%
3D Change (%) 11.45%
7D Change (%) 10.49%
30D Change (%) 42.94%
90D Change (%) 687.04%
YTD Change (%) 823.91%

Over the past three days, OMBTC has increased by approximately 11.45%, showcasing increased market volatility. Throughout the last week, it continued to increase, with a gain of around 10.49%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OMBTC maintaining an upward trend of approximately 42.94%, despite intermittent fluctuations. Examining the last 90 days, OMBTC has witnessed substantial increase of approximately 687.04%, reflecting strong long-term confidence. Year-to-date, OMBTC has steadily appreciated by around 823.91%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

MANTRA Live Chart:

You can access a live price chart for OM-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 1.44786.
  • Momentum score is 0.1039.

OM BTC Technical Analysis

MANTRA Trading Volume:

The trading volume for MANTRA (OM) over the past 24 hours has been insignificant, with approximately 1,034,738.00 BTC traded against OM. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): OM is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): MANTRA is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for OM-BTC is currently in the high zone, around 60.13282. This suggests that MANTRA is in bullish territory.

Analysis from TradingView:

Our Key Takeaways:

MANTRA (OM-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the high RSI and insignificant trading volume are high signals for potential upward movement.

Anticipate potential growth for MANTRA (OMBTC) at 1.27e-05 BTC through positive technical analysis, emphasizing strong support and promising indicators.

Don’t overlook our detailed insights on OM USDT MANTRA Technical Analysis if you found this post captivating; it’s a must-read for further exploration.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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