The cryptocurrency Mantra (OM) has experienced a significant surge in price, rising 46% in the past 30 days to reach a new all-time high. However, there are signs that the momentum may be weakening, with the Average Directional Index (ADX) dropping and other indicators suggesting a loss of bullish momentum. Traders are questioning whether a correction is imminent. The Ichimoku Cloud indicators and short-term moving averages indicate a potential pullback or slowdown in price growth. The ADX, which measures trend strength, has decreased from 30 to 21.96, indicating a weaker trend. Despite remaining in an uptrend, the weakening of the trend suggests the bullish momentum may be fading. Traders should closely monitor these indicators for potential reversals or stalls in price growth. The support zone provided by the Ichimoku Cloud's thickness suggests that the bullish momentum could continue in the longer term, but this depends on maintaining key levels. The EMA lines also show a weakening of upward momentum, and if a "death cross" occurs, it could signal a potential downtrend. In the event of a downtrend, strong support levels exist around $1.18 and $1.10. On the other hand, if the uptrend strengthens again, OM could retest its all-time high and potentially see further bullish activity.



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