Whales Accumulate Over 130 Million Mantra (OM) in 20 Days
Analysts indicate potential bullish momentum for OM as whale accumulation surpasses 130 million OM in the last 20 days, signaling confidence among large investors.
Price Predictions
- Analyst Matt May predicts a price target of over $10 for OM, identifying it as a Real World Asset (RWA) powerhouse.
- The breakout from a symmetrical triangle pattern suggests a trend reversal, with a projected price target between $8.00 and $8.20.
- Current trading price is $6.81, up 1.55% in 24 hours but down 20% over the past month.
- A potential break above the all-time high of $9.04 could represent a 25% increase from current prices.
Technical Analysis
- Relative Strength Index (RSI) at 52 indicates bullish momentum without being overbought.
- Price testing resistance at $7.1; breaking this level may lead towards the $10 target.
- Trading above the 20-Day Exponential Moving Average (EMA) signals bullish continuation.
- Key support levels are noted around $0.45-$0.50, with resistance between $0.80-$1.00.