The Mantra cryptocurrency continues to display a strong bullish price action as its native token OM price has added approximately 50% within the past seven days. Moreover, it has recorded a surge of 209.35% within the past 30 days and its Year-To-Date (YTD) returns stand at +1,554% in valuation.
With the crypto industry entering only its fourth month of trading, the Mantra token has recorded a surge of approximately 1,900% in valuation, resulting in the OM price securing the spot of the top gainer in the Real World Assets (RWA) category.
After trading in a narrow space between $0.0152 and $0.0367 for over a year, the bulls regained momentum and successfully broke out of the range, following which the price displayed a constant rise for the next two months. As the volatility in the market grew, the price jumped 178.38% in value.
Following this, the price traded sideways for the next 30 days. The bulls regained momentum recently and added 179.63% within the next seven days, after which the price displayed a neutral trend for a while. The OM token price has jumped 48.40% and continues to trade positively.
The MACD displays a significant rise in the histogram, highlighting an increased buying-over-selling pressure in the crypto industry. Furthermore, the averages show a rising pattern in the chart, suggesting the OM price will continue gaining value in the coming time.
Will Mantra Price Increase?
If the market holds the price above the resistance level of $1.0675, the bulls will continue trading under a positive influence and test its upper resistance level of $1.20. Moreover, if the bulls continue to hold power, the OM token will prepare to test its upper limit of $1.40 during the upcoming week.
Conversely, if a trend reversal occurs, the OM coin price will lose momentum and fall to test its support level of $0.0850. Furthermore, if the bears continue to dominate the market, it will plunge and fall to test its lower support level of $0.0609 this month.
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