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<p><a href="https://captainaltcoin.com/why-is-mantra-om-price-gaining-momentum-analyst-shares-key-insights/" target="_blank" rel="noopener noreferrer nofollow">The price of Mantra</a> is moving in interesting patterns and showing sharp increases, which has caught traders’ eyes. Prominent analyst Nihilus points to a potential expansion after a liquidity sweep. The accompanying technical chart on the OM/USDT perpetual contract suggests a breakout could be imminent, potentially driving prices to new heights.</p>
<h2 class="wp-block-heading" id="liquidity-sweep-sparks-anticipation-of-a-breakout">Liquidity Sweep Sparks Anticipation of a Breakout</h2>
<p>Nihilus’s tweet, which states, “Liquidity swept. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2705.png" alt="✅" class="wp-smiley" style="height: 1em; max-height: 1em;"> Expansion soon. <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/23f3.png" alt="⏳" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;">,” refers to a key event in <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> action. The chart analysis reveals that OM recently dipped below a strong support level at $3.39, triggering stop-loss orders and clearing liquidity. This move is often seen as a setup for market makers to absorb sell orders before driving the price higher.</p>
<p>The technical analysis highlights a downward-sloping trend line labeled “trend liquidity,” which has acted as resistance. This trend line suggests an area where short positions have accumulated. A breakout above this line could trigger aggressive upward momentum, with the chart projecting potential targets of $4.00 and $4.40-$4.60.</p>
<h2 class="wp-block-heading" id="support-at-3-39-holds-firm-despite-pressure">Support at $3.39 Holds Firm Despite Pressure</h2>
<p>The $3.39 level has emerged as a critical support zone for OM. Multiple attempts to push the price below this level have failed, underscoring strong buying interest. This support has acted as a launchpad for potential upward moves, with the price consistently rebounding after testing the area.</p>
<p>The chart indicates that this support level served as the foundation for a liquidity sweep, a move designed to clear weaker hands and consolidate buying power. With liquidity now absorbed, the price is positioned to test and potentially break the descending trend line.</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-1033-1024x532.png" alt="" class="wp-image-589652" srcset="https://captainaltcoin.com/wp-content/uploads/2024/11/image-1033-1024x532.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-1033-300x156.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-1033-767x398.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-1033-1536x797.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-1033-2048x1063.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-1033-289x150.png 289w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-1033-100x52.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-1033-674x350.png 674w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-1033-788x409.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/11/image-1033.png 680w" sizes="(max-width: 1024px) 100vw, 1024px">
 <figcaption class="wp-element-caption"><strong><em>Image Source: <a href="https://x.com/nihilus_XBT/status/1862129723733647450" target="_blank" rel="noopener noreferrer nofollow">X/Nihilus</a></em></strong>
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</figure>
<h2 class="wp-block-heading" id="technical-indicators-suggest-a-bullish-outlook">Technical Indicators Suggest a Bullish Outlook</h2>
<p>Key technical signals point to bullish momentum building for <a href="https://coinmarketcap.com/currencies/mantra/" target="_blank" rel="noopener noreferrer nofollow">OM’s price</a>. The downward trend, which has dominated recent price action, shows signs of weakening. If the price breaks above the $3.80 mark, it could invalidate the bearish structure and confirm a shift toward an upward trend.</p>
<p>Volume will play a pivotal role in confirming the breakout. Historically, significant price expansions are accompanied by surges in trading activity. A breakout above the trend line could align with this pattern, paving the way for an upward rally.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/expert-analyst-predicts-ethereum-price-easy-surge-to-15k-identifies-the-best-time-to-accumulate-eth-tokens/" target="_blank" rel="noopener noreferrer nofollow">Expert Analyst Predicts Ethereum Price ‘Easy’ Surge to $15K, Identifies the Best Time to Accumulate ETH Tokens</a></em></strong></p>
<p>Traders are eyeing potential trade setups based on the chart analysis. A breakout above $3.80 could open the path to $4.00 and beyond, with subsequent targets at $4.40-$4.60. However, caution is advised, as a move below $3.39 would invalidate the bullish setup and signal a potential downward continuation.</p>
<p>This evolving setup positions OM as a cryptocurrency to watch in the coming days, with the market awaiting confirmation of the anticipated breakout.</p>
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<p>The post <a href="https://captainaltcoin.com/mantra-om-price-set-to-explode-as-liquidity-grab-hints-at-massive-bull-run/" rel="noopener noreferrer nofollow">Mantra (OM) Price Set to Explode as Liquidity Grab Hints at Massive Bull Run!</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Mantra (OM) Price Set to Explode as Liquidity Grab Hints at Massive Bull Run!

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