In this MANTRA technical analysis, we will examine the current price action, trading volume, key levels and indicators for OM-USDT. MANTRA is a decentralized cryptocurrency that utilizes a novel consensus algorithm called “Proof of Sanity” which is designed to prevent the negative impacts of “mining centralization” and promote a more equitable distribution of block rewards. MANTRA also features a unique governance mechanism that allows holders of the cryptocurrency to vote on proposals for the development and growth of the project. By leveraging these innovative technologies, MANTRA aims to create a more sustainable and inclusive ecosystem for all participants in the blockchain space.
MANTRA Price Overview:
As of October 02, 2023, MANTRA is trading at approximately 0.01987 USDT. Let’s dive into the detailed price action for OM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.02055 |
| High (H) | 0.02055 |
| Low (L) | 0.01987 |
| Close (C) | 0.01987 |
| Volume (C) | 10,377,003.00 |
- Open (O): The opening price for today’s trading session was approximately 0.02055 USDT.
- High (H): MANTRA reached a daily high of around 0.02055 USDT.
- Low (L): The daily low for OM-USDT was approximately 0.01987 USDT.
- Close (C): At the time of analysis, MANTRA is trading near its daily close of 0.01987 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.45% |
| 3D Change (%) | 1.17% |
| 7D Change (%) | 0.86% |
| 30D Change (%) | 3.92% |
| 90D Change (%) | -19.52% |
| YTD Change (%) | -29.29% |
Over the past three days, OMUSDT has increased by approximately 1.17%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 0.86%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OMUSDT maintaining an upward trend of approximately 3.92%, despite intermittent fluctuations. Examining the last 90 days, OMUSDT has witnessed substantial fall of approximately -19.52%, reflecting strong long-term confidence. Year-to-date, OMUSDT has steadily decreased by around -29.29%, 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-USDT 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 0.50152.
- Momentum score is 0.03923.
OM USDT Technical Analysis
MANTRA Trading Volume:
The trading volume for MANTRA (OM) over the past 24 hours has been insignificant, with approximately 10,377,003.00 USDT 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 above the 50-day SMA, indicating short-term bullish momentum.
- 200-day Simple Moving Average (SMA): MANTRA is also trading above the 200-day SMA, indicating a positive long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for OM-USDT is currently in the neutral zone, around 49.02827. This suggests that MANTRA is in range-bound territory.
Analysis from TradingView:
Our Key Takeaways:
MANTRA (OM-USDT) is currently exhibiting signs of short-term bullish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.
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.
