MANTRA (OM) Surges 109% Monthly; Analyst Sees $10 Target
Real-world asset (RWA) protocol MANTRA surged 109% over the past month, becoming the top trending cryptocurrency on CoinGecko. Analyst Ali Martinez identified a bullish flag breakout, predicting a potential 33% rise from current levels.
Bullish Outlook for MANTRA
- Martinez forecasts the token could reach $10 due to a bullish flag pattern.
- Breakout occurred near $7.30-$7.50 with resistance at $8.30-$8.50.
- Current trading price is $7.5, up 2.33% in the last day and 35% in the week.
- Support levels are at $7 and the 20-day EMA at $6.59; resistance at $8.23.
- Haskey Global launched OM perpetual futures trading, likely increasing trading volume.
- MANTRA listed on Crypto.com since February 20, expanding its investor base.
Price Analysis
The RSI for MANTRA is at 67, indicating strong buying momentum but suggesting a possible minor pullback before further gains. The MACD shows positive momentum, indicating a continuation of the uptrend. A sustained support above $7 and breaking key resistance levels may lead to a rise toward $10.
Source: TradingView