Mantra (OM) price has seen remarkable growth, up 183.20% in the last 30 days. On November 18, OM reached a new all-time high, and it currently trades roughly 10% below that level.

Despite its impressive performance, technical indicators suggest that its trend is losing momentum. Whether OM breaks resistance to test new highs or faces a potential correction depends on how the current mixed signals evolve.

OM’s Trend Is Fading Away

Mantra Average Directional Index (ADX) is currently at 21.6, a sharp decline from 35 just a day ago. This drop indicates that the strength of OM’s uptrend is weakening, even though the price is still moving upward.

A lower ADX reading suggests that while the trend remains intact, it may lack the momentum needed to sustain significant gains. If the ADX continues to decline, the uptrend could falter, leaving OM vulnerable to a potential consolidation or reversal.

The ADX measures the strength of a trend, with values above 25 indicating a strong trend and below 20 suggesting a weak or no trend. At 21.6, OM’s ADX is in the transitional zone, signaling that the uptrend is losing steam but has not yet completely dissipated.

For OM price to maintain its upward trajectory, the ADX would need to rise back above 25, reflecting a resurgence in momentum. If the ADX stabilizes around current levels, the price may consolidate or see slower progress, highlighting the need for renewed buying interest to sustain the uptrend.

Ichimoku Cloud Shows Cautious Next Steps for Mantra

The Ichimoku Cloud for OM is currently showing mixed signals. The price is above the cloud, which generally indicates a bullish trend, but the cloud itself appears flat, suggesting limited momentum.

The blue line (Tenkan-sen) has crossed below the red line (Kijun-sen), which is a

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Author: Tiago Amaral