The cryptocurrency token, MANTRA (OM), has experienced a significant surge of over 100% in the past month. This surge was driven by a $1 billion tokenization deal and increased activity from large investors. A bull flag formation on the charts suggests the possibility of another breakout. The resistance level to watch is $6.29, where previous breakout attempts failed. Despite a correction, indicators such as the RSI and MACD suggest strong market sentiment and potential for upward movement. A closer look at the charts reveals that OM is still in the early stages of a bull flag pattern, with support at $7.10 and resistance at $7.80. While trading volume has decreased since the initial rally, a break above resistance could lead to a new wave of bullish momentum. Maintaining support above $6.29 is crucial for further gains, but the overall market sentiment appears to favor a bullish breakout.
Content Editor ( cryptonewsland.com )
- 2025-02-22
MANTRA (OM) Poised for Breakout as Bull Flag Signals More Gains
