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Заголовок Mantra (OM) Price Hits a New ATH: Further Rally in the Cards?
Дата 20241007

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============= Обработанный текст:
Mantra (OM) Price Hits a New ATH: Further Rally in the Cards?

Mantra (OM) Price Hits a New ATH: Further Rally in the Cards?

Author: Dimitar Dzhondzhorov

Last Updated Oct 7, 2024 @ 14:00

OM is now the 70th-largest cryptocurrency• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта with a market cap of over $1.2
billion.

TL;DR

Mantra (OM) surged over 60% in the past 30 days, hitting an all-time high of
$1.50 with analysts predicting a further jump.

On-chain metrics suggest continued gains, but the RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI

• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI
indicates it may be
overbought, signaling a possible correction.

New Peak for OM

Most of the leading cryptocurrencies• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта have experienced severe ups and downs
over the past several weeks. Bitcoin (BTC• Экономика » Финансы » Платежные средства » Платежные системы интернета » Криптовалюта » Bitcoin), for instance, fell to $60,000 at
the beginning of October and later rebounded to its current $63,000 (per
CoinGecko s data).

There are a few digital assets, though, whose prices have gone predominantly
up as of late . One evident example is Mantra (OM), which has jumped by over
60% monthly. Earlier today (October 7), it hit a new all-time high of almost
$1.50, whereas its market capitalization surpassed $1.2 billion.

OM Price, Source: CoinGecko

The token s achievement caught the eye of multiple industry
participants. The popular X user IBCIG claimed OM s momentum is
truly unstoppable, expecting a further rally to $2.

With its purpose-driven tokenomics and a robust Layer 1 foundation, it
is by far among the best RWA projects in my portfolio, they added.

Daan Crypto Trades and Token Sherpa chipped in, too. The former said OM
performed incredibly strong during all the chaos in the past few
weeks/months, while the latter thinks the new peak is just the
beginning
of a major bull run.

On-Chain Metrics Flash the Buy Signal

Over a dozen important metrics suggest that OM s bull run is nowhere
near its end. One of those is the Momentum Indicator (MOM), which measures the
asset s rate of change and compares the current valuation with the price
from previous periods. As of the moment, it is set at around 0.2, presenting a
potential buying opportunity.

The Simple Moving Average (on a 10-day scale), the Exponential Moving Average
( on a monthly basis ), and the Hull Moving Average also indicate possible
gains in the near future .

One of the very few metrics hinting at a potential correction is the Relative
Strength Index (RSI• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Линии Боллинджера » Индекс относительной силы RSI

• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Фондовый рынок » Технический анализ » Индекс относительной силы RSI
). The momentum oscillator has surpassed a ratio of 75,
entering overbought territory. This suggests that OM might be overvalued , and
a pullback could occur.

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Tags: Altcoins

============= Итог: 2,7637 ; Экономика#Финансы#Финансовый рынок#Рынок ценных бумаг#Линии Боллинджера #Индекс относительной силы RSI 2,0137 ; Экономика#Финансы#Платежные средства#Платежные системы интернета #Криптовалюта#Bitcoin


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