CandleFocus Retail traders should be cautious after Mantra reaches all-time high: Here’s why
2024-11-17
Author: Content Editor
Mantra (OM) recently reached a new all-time high, outperforming the broader crypto market. It gained 137% in the past week and surged 43% in the last 24 hours. The partnership with Google Cloud and increased whale inflows have contributed to the bullish sentiment. However, on-chain indicators suggest a potential correction. The whale accumulation has slowed down, and the number of active addresses in profit has increased. With a large portion of the circulating supply held by whales and many addresses holding the asset for a short period, profit-taking could trigger a selloff. Short-term traders, including retail holders, may start taking profits before another major rally.
Related News
Mantra (OM) Hits New ATH On 132% Weekly Surge – Details Polish Presidential Candidate Sławomir Mentzen promises to implement Bitcoin Reserve if elected Top Altcoins Position for Growth as Bitcoin Approaches Six-Figure Milestone Coinbase CEO and Gemini Co-Founder Rally Behind Elon Musk-led D.O.G.E Reforms Bitcoin Miners Sold Over 3,000 BTC In The Past 48 Hours – Consolidation Phase Ahead? The Funding: A dozen crypto VCs share what’s next after Trump’s win and bitcoin’s surge Crypto Giants of 2024: Who’s Leading in Year-to-Date Performance, and What’s Driving Their Success? XRP Ledger Welcomes SocGen Forge’s EURCV Stablecoin: Key Insights Trump Appoints Musk and Ramaswamy to Lead New Government Efficiency Initiative What to Expect in the Cryptocurrency Market in the New Week? Analysis Company Commented Watch Out: 5 Altcoins in South Korea See Trading Volume Boom – Here’s the List Watch Out: New Week Has Plenty of Economic Developments and Altcoin Events – Here’s a Day-by-Day, Hour-by-Hour List Litecoin Breaks Out Of Consolidation Zone, Major Rally Expected? Watch Out: 25 Altcoins Have Massive Token Unlocks in the New Week – Here’s the Day-by-Day, Hour-by-Hour List JUST IN: Elon Musk Has Done It Again – Shared the Much Talked Memecoin of the Last Cycle Leading Assets by Annualized Staking Reward Rates Solana’s Stellar Performance Against Ethereum: What’s Behind the 7% Surge Top DePIN Projects Leading the Social Activity: $TAO, $RENDER, $EGLD, and More Why memecoins can outshine altcoins during the next crypto rally Lunarcrush Galaxy Store Top 10 Coins: A New Social and Market Trend Market Predictions Highlight BONK, Ripple, and MINA Here is How Much 1 XRP Will be Worth if Its Market Cap Reaches $350B TRON Founder Justin Sun Expected to Meet Trump as Potential Web3 Advisor Expert Says Dogecoin Second Bull Flag Structure To Take Doge to $0.90 Major Crypto Fundraising Events Across Top Blockchain Firms Accumulate $120 Million MetaHub Finance Partners with D-Ecosystem to Enhance Web3 Innovation How ‘dirty’ currency is tracked and why Monero no longer works Retail traders should be cautious after Mantra reaches all-time high: Here’s why Why the Inverse Head-and-Shoulders Breakout Could Signal $1 for SEI XRP Rockets 82% in Week, but Mega Golden Cross Signals Biggest Breakout Is Ahead SOL, AVAX, SUI and NEAR advance as Bitcoin price trades in the $90K zone Altcoins See Window of Opportunity as Bitcoin Dominance Fails to Hit 62% Amid Extreme Greed Bitcoin Price Soars to All-Time High as Spot ETFs Attract $2.2B Here’s why analysts think Dogecoin (DOGE) has more room to grow How Dogecoin Beat ’Em Up Game ‘Super Doginals’ Came to Life How Much Will Bitcoin Price See in November? Here are the Odds According to Forecasts Personal Finance Advisors Caught Flat-Footed By Bitcoin Boom 3 Challenges to Bitcoin’s Crown: Quantum Computing, Scaling, and Grid Reliance Will Polygon [POL] break the $0.4282 resistance, reach $0.5652? BONK Market Cap Flips WIF Ahead of 1 Trillion Token Burn by Christmas Stellar Price Skyrockets 35% on XLM Golden Cross Signal: Details Trading expert warns altcoins will bleed before going ‘much higher’ Neo establishes collaboration with Ellipical hardware wallet, to support Neo X Solana Devs Got a BONK Airdrop Worth $300 in 2022—It's Now Worth $1.3 Million Polymarket bettors see Lutnick as Treasury Secretary favorite after Musk endorsement Current Bitcoin price ceiling projected at $135K — Ki Young Ju Michael Saylor hints at MicroStrategy’s upcoming Bitcoin purchase Top Analyst Says Shiba Inu Is Warming Up for a Massive 200% Green Candle Robert F. Kennedy Jr: Bitcoin is the currency of freedom for middle class Americans XRP ‘Ready for Unleashing’ Post-SEC, Says Bitwise Exec, as Firm Gears Up for XRP ETF Launch Cryptocurrency trader turns $1.1k into $1.62 million in 20 days Shiba Inu (SHIB) Is Stuck: What's Happening Between 50 and 6 Trillion? Stellar (XLM) Price Climbs 30%, Driven By XRP Close Ties AI sets Bitcoin’s next low target in a worst-case scenario after record-high Investor Chris Burniske Explains How Memecoins Will Force Change in Valuation Approach for Other Crypto Projects Bitcoin-Friendly Move From Elon Musk: Cryptocurrency-Friendly Figure May Become Treasury Secretary SHIB Price Prediction for November 17 How Long Will Bitcoin Price Continue to Climb? Analytics Company Gives Date from Price Model 3 Token Unlocks to Watch Next Week Ripple Suddenly Burns 53 Million RLUSD Ahead of Stablecoin Launch BTC price 'issues' include $70K dip despite Bitcoin whale accumulation Shiba Inu (SHIB) on Verge of 23% Breakout as Golden Cross Develops Former SEC Official Predicts Crypto Crime Will Explode XRP or Cardano? We asked AI which crypto is a better buy for 2025 XRP 10% Price Drop Happened With Only 1 Sell Order Real Vision Analyst Jamie Coutts Issues Bitcoin Warning Amid Strong Dollar Rally, Says Macro Backdrop Soured XRP Sees Record Futures Bets Amid Price Surge Above $1.20 The ‘Infinite Money Glitch’: MicroStrategy’s Bitcoin Strategy Under Scrutiny Ripple Should Start Preparing for IPO 'as Soon as Possible,' SBI CEO Says NEAR Seeks Breakthrough at $6.406 to Potentially Reach $8.5 Amid Bullish Indicators XRP Flips Dogecoin After Epic Rally Past $1 EOS Eyes $1 as Breakout Ignites Bullish Momentum After Multi-Year Downtrend XRP price retreats 20% after hitting a multiyear high — Is the top in? Ethereum Bulls Pull $780 Million ETH Off Exchanges, Eyeing $3,600 Breakout XRP Soars to 3-Year Peak: Is $1.96 Within Reach This Week? Crypto Whale Diversifies its Portfolio by Adding $RIF and $URO, Nets $1.5M in 3 Days Why is Stellar (XLM) Price up? Last Chance To Buy Ethereum? Analyst Expects $6,000 Once It Breaks 8-Month Accumulation CoinEasy Launches EASYWORLD Telegram dApp, A New Era of Blockchain Rewards VanEck expands crypto portfolio with Sui-based Exchange-Traded Note in Europe Price Targets Set for SOL, SNX, and NEIRO Ethereum Layer2 TVL Surges to $43.9B with Impressive 3.76% Growth Toncoin’s Bullish Breakout: Can It Surpass $6.03 and Target $8.30? Stellar (XLM) Shoots Up by 33% Daily, Bitcoin (BTC) Maintains $90K (Market Watch) XRP Still Down 69% After Recent Gains Ethereum Classic (ETC) May Be Gaining Bullish Momentum Following Support Level Bounce Solana About To Target $250 If It Breaks Key Supply Level – Analyst Russian Energy Ministry Proposes Periodic Crypto Mining Restrictions in Certain Regions BONK Jumps 16% to Record Highs as Traders Eye Even More Gains Ahead 'More brutal than I expected' — Lyn Alden on ETH/BTC post-election low ‘DOGE’ could increase economic freedom in US — Coinbase CEO Nigerian Crypto Industry Players Applaud Proposal to Jail Ponzi Operators A $9.7 Billion Boom in 14 Days—Stablecoin Market Eyes Historic Peak Scammer Takes Away $341k in $FET in Latest Phishing Attack Kaixin plans crypto mining expansion amid Bitcoin’s new all-time high AI Firm Genius Group Adopts Bitcoin as Primary Treasury Reserve Asset Renowned Investor Jim Rogers Warns 'America First' Policy Will Trigger 'Biggest Recession Ever' Why Ethereum’s Whale Activity and Institutional Interest Point Toward a $4,000 Finish Sologenic Top Crypto Gainers for November 16, 2024 Bitcoin ETF outflows slow down, $100k BTC still in sight Bitcoin long-term holders do not see $90K 'as an enemy' — Analyst This Altcoin Will Take Solana’s Throne as the Third Largest Cryptocurrency, Analyst Claims Tether Mints 8B USDT in 8 days, Backing Bitcoin’s Surge PEPE Price Gains 117%, Sets All-Time High at $0.000025 Crypto enforcement to take a back seat under Trump as immigration becomes priority Cronos (CRO) Faces Key Resistance, Potential Correction Ahead Bonk, Mog and Brett Hit All-Time Highs as Dogecoin Spurs Meme Pump Meme Coin Market Cap Touches All-Time High with a Revival in the Retail Interest Analyst Predicts 45% Dogecoin Rally With Bull Flag Pattern Signal Litecoin (LTC) Price Soars 15% On Meme Coin Announcement Altcoin Season Index at 35: What Does it Means for the Crypto Market?