The native coin of Mantra, OM, has experienced a comeback with a 9% price increase in the past 24 hours after a 5% drop in the previous week. This surge in demand has positioned OM as the top gainer in the market during this period. One factor contributing to the price rally is a large investor moving 2.71 million OM from Binance, marking the first such move in seven months. Additionally, OM's trading volume has spiked by over 300% in the past 24 hours, indicating strong market interest. The coin's Parabolic Stop and Reverse (SAR) indicator suggests a bullish outlook and the potential for a rally towards its all-time high of $1.62. However, futures traders have shown a preference for short positions, which may impact the bullish momentum. If short bets prevail, the price could drop to the next major support level at $1.25. Nevertheless, if the current trend holds, OM has the potential to reclaim its all-time high and even surpass it.



Other News from Today