50873**

02/11 01:11

MANTRA [OM] Price Analysis. MANTRA [OM] continued

MANTRA [OM] Price Analysis.
MANTRA [OM] continued its impressive run, securing the top spot for the second consecutive week with a 16% gain as prices climbed from $5.10 to $5.97.
The token’s sustained momentum demonstrated remarkable strength in a typically volatile market.

The week opened with OM finding support at $5.10 before staging a decisive breakout on the 4th of February that pushed prices above $5.75.

Following a brief consolidation phase, buyers remained in control, maintaining the token’s upward trajectory.

Trading volume has been particularly noteworthy, reaching 5.74M OM, suggesting strong institutional interest in the rally.
From a technical perspective, MANTRA continued to trade well above both its 50-day (4.2736) and 200-day (2.4329) moving averages, confirming the robust bullish trend.

The MACD indicator showed positive momentum with readings at 0.0799, while the divergence between the signal and MACD lines suggests the potential for further upside.

Today’s trading shows continued strength, with a 1.98% gain as the token consolidates near $5.97.

What’s particularly impressive is the token’s ability to maintain its upward momentum for two consecutive weeks, a rare feat in the crypto market.

The price action displays a series of higher lows and higher highs, indicating sustained buyer conviction.
While some consolidation might be expected after such an extended run, the strong volume profile and technical indicators suggest this rally could have further room to run.

The key support level to watch is $5.75, which should provide a foundation for any retracements.
The price action displays a series of higher lows and higher highs, indicating sustained buyer conviction.
While some consolidation might be expected after such an extended run, the strong volume profile and technical indicators suggest this rally could have further room to run.

The key support level to watch is $5.75, which should provide a foundation for any retracements.

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