- MANTRA (OM) price rises over 22% in 24 hours, showing strong momentum.
- Trading volume and market capitalization surge, signaling high activity.
- Technical indicators suggest a short-term bounce, with resistance at key levels.
- MANTRA partners with Inveniam to enhance market trust and transparency.
MANTRA (OM) continues its upward price trend, showing a notable increase in value. Over the past 24 hours, OM has climbed nearly 22.66%, and over the last week, it has gained 11.18%, reflecting steady momentum and rising interest among traders.
At the moment, the price of OM is standing at $0.09087, supported by a 24-hour trading volume is $129.41 million, up by 503.16%. The market capitalization has increased by 20.8%, standing at $100.47 million, showing high activity and interest in the token.
Also Read: MANTRA (OM) Price Eyes $0.33 as Weekly Gains Hit 8.85%
Technical Indicators Show Potential Short-Term Bounce
MANTRA (OM) is rebounding from the $0.02721 lower Bollinger Band. Price remains below the $0.11753 EMA9, keeping the macro trend bearish. However, rising momentum signals potential relief. Key resistance sits at $0.118 and $0.18287 (20 SMA). This weekly candle suggests strong mean-reversion potential after prolonged selling pressure.
Bollinger Bands reveal the volatility unwind after the strong fall from the multicapitulation low. As long as the buyers remain in power, a transition towards the mean at $0.18287 would be expected. The MACD has a bullish crossover, with the MACD line standing at 0.10274 above the signal line at -0.36657 and an improved histogram at -0.46931. These developments imply the beginning of the trend development process, still pending in the range of $0.12 to $0.18.
The support levels are at $0.05 and $0.02721, and the major resistances are at $0.118, $0.18287, and $0.33854. A break beyond $0.12 on the weekly charts could aim for $0.18, and further on, $0.34. A failure in breaking the EMA9 could see a retreat to $0.05. Overall, there appears to be a bounce in the short term, a neutral stance in the medium term, and a bearish long-term scenario.
MANTRA Partnership Advances Digital Market Trust
MANTRA is excited to partner with Inveniam to modernize digital asset markets for the future. Across Abu Dhabi, London, and Singapore, one thing is clear: institutions want digital markets they can trust. What they are looking for, in effect, is the ability to properly value their assets, transparency, and ease of integration with their worldwide agents, their traders, and their custodians.
Inveniam makes this possible by creating the data infrastructure that allows private markets to operate with confidence and transparency. The work they do provides the institutions with the certainty they need in order to deal with the digital markets confidently.
Also Read: MANTRA CEO Burns $82M in OM Tokens to Rebuild Trust After $5B Crash
