MANTRA crypto price suggests bullishness and delivers a positive perspective on the technical chart.
Bulls are regaining strength, and whales are accumulating OM.
MANTRA’s price demonstrated a remarkable performance in the last three months as it grew by almost 80%. But, after touching a high of $9.08, it faced a mild price correction. However, analysts predicted that investors could witness a price rally in the upcoming days.
A popular technical and on-chain analyst Ali Martinez revealed in their latest X post that whales are accumulating OM. He highlights whales have bought more than 130 million Mantra ($OM) in the past 20 days.
According to crypto analyst King Crypto, MANTRA has the potential to hit its all-time high in the upcoming days. In an X post, he said,
“Many were expecting a dump on March 23rd after the token unlocks, instead, we bounced from support. And here we are 2 days after, inching closer to breaking the $7 resistance. Once we have a confirmation of reversal, it’s back to the ATH and into double-digit territory.”
According to CMC data, currently, MANTRA crypto price is trading at $6.7764 with an intraday increase of 1%. The daily trading volume has decreased by 36%, currently at $68.29 million. The Market cap stands at $6.68 billion.
Will MANTRA Hit Its All-Time High Price?
Source: Tradingview
Despite mild correction, OM price is trading in a bullish zone above major exponential moving averages, showing positive momentum. On the daily chart, the MANTRA is heading in the upper direction by making higher high structures.
However, RSI indicators are giving a neutral outlook as it is trading close to the median line at 51.02. MACD is also trading in a neutral zone suggesting neutrality. MANTRA (OM) shows bullish potential with whales accumulating over 130M tokens recently. Trading above EMAs, it could approach its all-time high soon if it maintains bullish momentum.