Mantra (OM) price has been on a strong upward trajectory, recently reaching a new all-time high and gaining nearly 20% over the past week. This surge has been supported by strengthening technical indicators, showcasing strong momentum and a clear uptrend.

The combination of bullish EMA alignment and favorable metrics like ADX and Ichimoku Cloud suggests the rally may extend further, with the potential for new highs in the coming days. However, if the uptrend loses momentum, OM could test key support zones that will determine the sustainability of its recent gains.

OM’s Uptrend Is Getting Stronger

The ADX for OM has climbed from nearly 16 to 26.48 in just one day, highlighting a significant increase in trend strength.

An ADX above 25 typically signals a strong trend, and this surge indicates that OM is transitioning from a weak or sideways market to a clear and potentially sustained movement.

ADX, or Average Directional Index, measures trend strength on a scale from 0 to 100. Values below 20 show weak trends, while values above 25 signal strength.

With OM’s ADX at 26.48, the market is confirming an uptrend, supported by growing momentum and a stronger directional push, suggesting further gains could be on the horizon.

Ichimoku Cloud Shows OM Trend Is Bullish

The Ichimoku Cloud chart for OM price shows a bullish trend forming. The price has broken above the cloud (Kumo), which typically signals an uptrend.

Additionally, the cloud ahead (Senkou Span A and B) is green, indicating positive momentum and potential support levels. The price staying above the cloud further supports the likelihood of continued upward movement.

Go to Source to See Full Article
Author: Tiago Amaral

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details