The price of Mantra (OM) has recently shown a strong upward trend, reaching a new all-time high, and has risen almost 20% in the past week. This sharp rise is supported by strengthened technical indicators, showing strong momentum and a clear upward trend.
The combination of the upward-aligned EMA, favorable indicators such as ADX and the Ichimoku Cloud, suggests the possibility of a rally towards new highs in the coming days. However, if the uptrend loses momentum, OM may test key support areas that will determine the sustainability of the recent gains.
The Strengthening OM Uptrend
OM's ADX has risen from nearly 16 to 26.48 in a single day, emphasizing a significant increase in trend strength.
An ADX above 25 indicates a strong trend, and this surge suggests that OM is transitioning from a weak or sideways market to a clear and sustainable movement.
ADX, or the Average Directional Index, measures the strength of a trend on a scale from 0 to 100. Values below 20 indicate a weak trend, while values above 25 indicate strength.
With OM's ADX at 26.48, the market is confirming the uptrend and supporting stronger momentum and directional thrust, suggesting further upside potential.
Ichimoku Cloud Indicator Supports OM's Uptrend
The Ichimoku Cloud chart for OM's price shows an emerging uptrend. The price has broken above the cloud (Kumo), which generally indicates an uptrend.
Additionally, the leading cloud (Senkou Span A and B) is green, signaling positive momentum and potential support levels. The price remaining above the cloud further supports the possibility of a sustained upward movement.
The conversion line (Tenkan-sen) is above the base line (Kijun-sen), which is another bullish signal indicating that short-term momentum is stronger than the long-term trend.
The lagging span (Chikou Span) is also positioned above the price, confirming that the recent price movement strongly supports the current trend. These elements collectively emphasize the strengthened bullish sentiment for OM.
OM Price Prediction: Will a New All-Time High Emerge?
Mantra's EMA lines are currently in a strong bullish alignment, with the price trading above all EMAs, and the short-term EMA above the long-term EMA. OM is one of the leading coins in the real-world asset (RWA) ecosystem, and if this narrative continues to grow, it could greatly benefit.
This structure reflects a robust bullish momentum and reinforces the concept of a sustained uptrend. The recent price action supports this bullish outlook, and OM's price has been well-maintaining the key EMA thresholds that act as dynamic support during the uptrend.
Combining the insights from the ADX and Ichimoku Cloud indicators, OM's recent breach of the $1.85 all-time high may signal the start of an extended rally. If the bullish momentum persists, further attempts towards new highs in the coming days are possible, as the real-world asset (RWA) narrative regains strength.
However, if the uptrend weakens and reverses, OM's price may test the first strong support area around $1.35. If this level fails to hold, the price could further decline towards the crucial $1.25 support zone.
