bullish

<p>The crypto world is taking notice of Mantra (OM), which has shot up 50% in the past day. Popular analyst Crypto Trooper posted on X (Formerly Twitter) about how <a href="https://captainaltcoin.com/is-mantra-om-price-ready-for-a-breakout-bullish-flag-pattern-suggests-upside/" target="_blank" rel="noopener noreferrer nofollow">OM’s price</a> broke past $1.62 and keeps climbing.</p>
<p>With Fibonacci extensions pointing towards higher targets and support zones identified, OM appears to be in a structured growth phase, distinguishing itself from other assets.</p>
<h2 class="wp-block-heading" id="mantra-technical-analysis-strong-breakout-and-price-rally">Mantra Technical Analysis: Strong Breakout and Price Rally</h2>
<p>On November 14th, Mantra (OM) broke past the $1.62 level, initiating a powerful rally of 48%. According to Crypto Trooper, this move signals strong bullish momentum, further supported by an immediate surge past the $2.41 Fibonacci extension level. The asset has already tested resistance at $2.71, marking it as a temporary barrier.</p>
<figure class="wp-block-image aligncenter size-large"><img loading="lazy" decoding="async" width="1024" height="532" src="https://captainaltcoin.com/wp-content/uploads/2024/11/image-557-1024x532.png" alt="" class="wp-image-583650" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-557-1024x532.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-557-300x156.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-557-767x399.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-557-1536x799.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-557-2048x1065.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-557-288x150.png 288w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-557-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-557-673x350.png 673w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-557-788x409.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-557.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/crypto_trooper0/status/1857843128805503081" target="_blank" rel="noopener noreferrer nofollow">X/CryptoTrooper</a></em></strong>
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</figure>
<p>This breakout is characterized by high trading volumes, suggesting robust buyer interest. The price surge is also in alignment with Fibonacci extensions, which outline targets of $2.41, $2.71, and $3.19. Moving beyond these levels could place <a href="https://captainaltcoin.com/is-mantra-om-price-about-to-explode-key-resistance-break-could-trigger-a-rally/" target="_blank" rel="noopener noreferrer nofollow">Mantra (OM)</a> into price discovery mode, allowing for additional upside potential.</p>
<h2 class="wp-block-heading" id="key-support-and-resistance-levels">Key Support and Resistance Levels</h2>
<p>Support zones for OM have been identified at $2.14 and $2.00, with the former highlighted by liquidity clusters seen on heatmaps. These levels are likely to act as rebound zones in the event of short-term retracement. The $2.71 resistance level represents a significant hurdle, but clearing it could pave the way for OM’s price to target the next Fibonacci extension at $3.19.</p>
<p>The analyst also noted that broader market conditions, particularly Bitcoin’s strength, would play a role in sustaining this momentum. Without a major correction in Bitcoin, a deep retracement for OM seems unlikely.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/xrp-price-nears-1-analysts-predict-whats-next-for-ripples-token/" target="_blank" rel="noopener noreferrer nofollow">XRP Price Nears $1, Analysts Predict What’s Next for Ripple’s Token</a></em></strong></p>
<h2 class="wp-block-heading" id="bullish-trend-backed-by-fundamentals">Bullish Trend Backed by Fundamentals</h2>
<p>Mantra (OM) has demonstrated a strong uptrend since February, showcasing consistent ranges before breaking out. Unlike many cryptocurrencies that faced sideways or downward trends, OM’s structured growth pattern and sustained accumulation signal robust fundamentals.</p>
<p>The Accumulation/Distribution indicator further validates ongoing buying pressure. Moving averages, with the shorter-term average trending above the long-term average, indicate strong bullish alignment. These factors collectively support the argument for further upside potential.</p>
<p>Furthermore, as OM trades in price discovery mode, analysts are watching its next moves. With the path above $2.71 less crowded by heavy sell zones, the potential for a continued rally remains high. Short-term support levels, coupled with strong fundamentals, position OM as a cryptocurrency to watch in the current bullish market.</p>
<p>This rally has captured the attention of traders and investors alike, with the psychological levels of $2.00 and $2.14 providing a foundation for further gains. If resistance levels are broken, <a href="https://coinmarketcap.com/currencies/mantra/" target="_blank" rel="noopener noreferrer nofollow">OM’s price</a> could continue its upward trajectory.</p>
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<p>The post <a href="https://captainaltcoin.com/why-is-mantra-om-price-gaining-momentum-analyst-shares-key-insights/" rel="noopener noreferrer nofollow">Why Is Mantra (OM) Price Gaining Momentum? Analyst Shares Key Insights</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Why Is Mantra (OM) Price Gaining Momentum? Analyst Shares Key Insights

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