Mantra (OM) Token Reaches New All-Time High of $7.90
Bitcoin struggles below $100,000 while Mantra (OM) Network experiences a recovery, reaching an all-time high near $8. The OM token has surged over 200% since November.
Key Points
- OM token price reflects a bullish flag breakout after a significant rally.
- Recent price surge of 15% led to a new all-time high at $7.90.
- Current market price is $7.592, with potential resistance at $8.24 and upside target of $14.32 based on Fibonacci levels.
- Whale accumulation increased significantly, from $202 million to $6.72 billion in holdings over the past year.
- Technical indicators show bullish alignment; however, a short-term cooldown may occur due to a sell signal from the TD Sequential Indicator.
Strong fundamentals and whale support suggest continued bullish momentum for Mantra, potentially allowing it to approach the $15 mark despite possible short-term pullbacks.