In this MANTRA technical analysis, we will examine the current price action, trading volume, key levels and indicators for OM-USDT. MANTRA (OM) is a decentralized cryptocurrency that utilizes a novel consensus algorithm called “Proof of Sanity” to validate transactions. This innovative approach allows for faster and more secure transactions, making it an attractive option for those looking for a reliable and efficient blockchain platform. Additionally, MANTRA’s unique features such as its decentralized governance model and cross-chain interoperability make it a promising cryptocurrency with a wide range of potential use cases.
MANTRA Price Overview:
As of July 07, 2024, MANTRA is trading at approximately 0.8862 USDT. Let’s dive into the detailed price action for OM-USDT:
| Metric | Value |
|---|---|
| Open (O) | 0.9085 |
| High (H) | 0.925 |
| Low (L) | 0.8708 |
| Close (C) | 0.8862 |
| Volume (C) | 9,674,972.00 |
- Open (O): The opening price for today’s trading session was approximately 0.9085 USDT.
- High (H): MANTRA reached a daily high of around 0.925 USDT.
- Low (L): The daily low for OM-USDT was approximately 0.8708 USDT.
- Close (C): At the time of analysis, MANTRA is trading near its daily close of 0.8862 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -2.41% |
| 3D Change (%) | 18.54% |
| 7D Change (%) | 13.38% |
| 30D Change (%) | -2.67% |
| 90D Change (%) | 14.51% |
| YTD Change (%) | 1417.21% |
Over the past three days, OMUSDT has increased by approximately 18.54%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 13.38%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with OMUSDT maintaining a downward trend of approximately -2.67%, despite intermittent fluctuations. Examining the last 90 days, OMUSDT has witnessed substantial increase of approximately 14.51%, reflecting strong long-term confidence. Year-to-date, OMUSDT has steadily increased by around 1417.21%, 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 1.13925.
- Momentum score is 0.18097.
OM USDT Technical Analysis
MANTRA Trading Volume:
The trading volume for MANTRA (OM) over the past 24 hours has been insignificant, with approximately 9,674,972.00 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 high zone, around 55.44876. This suggests that MANTRA is in bullish 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 high RSI and insignificant trading volume are high signals for potential upward movement.
Anticipate potential growth for MANTRA (OMUSDT) at 8.86e-01 USDT through positive technical analysis, emphasizing strong support and promising indicators.
Take your understanding to the next level with our extensive analysis of OM BTC MANTRA Technical Analysis; if you enjoyed this post, you’re in for a treat!
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.