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- 1 MANTRA (OMUSD) crypto price increased by 20.10% over the past month.
- 2 MANTRA crypto price is currently trading at $0.720555 with a drop of 3.58% in the last 24 hours with a current market cap of $572.10 Million.
- 3 MANTRAUSD is under bearish pressure.
The MANTRA price prediction suggests the token produced an interesting increasing pattern. The crypto is trading above the 20, 50, 100, and 200-day daily moving averages.
OMUSD is attempting to surpass the upper trendline on the daily timeframe chart per the price prediction. Potential buyers may consider approaching 50-EMA as it is offering support to the crypto price. Additionally, the 24-hour trading volume (44.98) is lower than the 10-day average volume (571.34).
Investor sentiments regarding the MANTRA token are bullish, according to the MANTRAUSD price prediction. Investors should keep a close eye on the crypto. The MANTRAUSD price is currently above all the significant EMA and MA levels.
Currently, the value of MANTRA is $0.720555. It has a market capitalization of approximately $571.34 Million and a fully diluted market cap of $571.34 Million. The crypto has a circulating supply of 793.99 Million.
OMUSD has performed well throughout the year. Year-over-year returns are 1134.07%, while returns over the past six months are -3432.79%. Last month, the return was 19.90%. Technicals signal a buy, with technical oscillators also indicating bullishness. The moving averages are also on the strong buy side, which indicates bearish dominance in the market.
Technical Analysis Of MANTRA Crypto Price In 1-D Timeframe
At the time of publishing, MANTRA crypto is trading above the 50 and 200-day exponential moving averages, which shows bullish momentum.
However, if buying volume adds up, then the price might conquer the upper levels by making higher high structures. Hence, the crypto price is expected to move upward giving bearish views over the daily time frame chart.
The current value of RSI is 50.33 points. The 14 SMA is above the median line at 56 points indicating that MANTRA crypto is bullish.
The MACD line at 0.021105 and the signal line at 0.043614 are above the zero line. A bearish crossover was observed in the MACD which signals more bearishness for the MANTRA crypto price.
Summary
The MANTRA crypto token is showing an interesting increasing pattern and is currently trading above all significant EMA and MA levels. Potential buyers may consider approaching a certain plate number that is offering support to the crypto price. Investor sentiment regarding the MANTRA token is bullish, and technicals signal a buy. However, if buying volume adds up, the price might conquer the upper levels by making higher high structures. The current value of RSI is 50.33 points, and the MACD line is above the zero line, but a bearish crossover is observed in the MACD, indicating more bearishness for the MANTRA crypto price.
Technical Levels
Support Level: $0.587881
Resistance Level: $1.048338
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions
Steefan George is a crypto and blockchain enthusiast, with a remarkable grasp on market and technology. Having a graduate degree in computer science and an MBA in BFSI, he is an excellent technology writer at The Coin Republic. He is passionate about getting a billion of the human population onto Web3. His principle is to write like “explaining to a 6-year old”, so that a layman can learn the potential of, and get benefitted from this revolutionary technology.
