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<p>Recent tweets and technical assessments by experts Michaël van de Poppe and Crypto Winkle point to favorable trends for Optimism (OP) and <a href="https://captainaltcoin.com/mantra-om-price-set-to-explode-as-liquidity-grab-hints-at-massive-bull-run/" target="_blank" rel="noopener noreferrer nofollow">Mantra (OM)</a> tokens. Based on thorough analysis of market data and chart patterns, these insights forecast possible increases in the prices of the two assets.</p>
<h2 class="wp-block-heading" id="strong-analyzing-mantra-s-ascending-potential-strong"><strong>Analyzing Mantra’s Ascending Potential</strong></h2>
<p>Crypto Winkle’s technical analysis of the Mantra (OM) cryptocurrency suggests an imminent bullish trend. Currently trading above its exponential moving average (EMA) at $4.1571, Mantra shows a positive trajectory, as its <a href="https://coinmarketcap.com/currencies/mantra/" target="_blank" rel="noopener noreferrer nofollow">price sits slightly above</a> the EMA value of $4.1479.&nbsp;</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24OM&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$OM</a>/USDT Technical Analysis<a href="https://twitter.com/MANTRA_Chain?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@MANTRA_Chain</a> is primed for a big move up.<br><br>Technical Indicators:<br>MACD: 0.07 – Bullish<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"><br>EMA: 4.14 – Trading Above<img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e2.png" alt="🟢" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Targets:<br>I'm eyeing a potential run to $6, with an ultimate upside target of $9<a href="https://twitter.com/hashtag/MANTRA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#MANTRA</a> <a href="https://twitter.com/hashtag/crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#crypto</a> <a href="https://twitter.com/hashtag/trading?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#trading</a> <a href="https://twitter.com/hashtag/NFA?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#NFA</a> <a href="https://t.co/1sg6SHORSR" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/1sg6SHORSR</a></p>— Crypto Winkle (@CryptoWinkle) <a href="https://twitter.com/CryptoWinkle/status/1867139565967774022?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 12, 2024</a>
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<p>This alignment above the EMA points to ongoing bullish momentum, reinforced by a breakout from a descending channel pattern. Historically, such breakouts hint at potential reversals from previous downtrends.</p>
<p>Additionally, the MACD indicator supports this optimistic outlook. With the MACD line surpassing both the signal line and the zero threshold, the indicator presents a bullish signal. Notably, the targets set by Crypto Winkle envisage a <a href="https://themarketperiodical.com/2024/12/12/mantra-price-survived-dip-can-it-surge-to-6-level-in-december/" target="_blank" rel="noopener noreferrer nofollow">rise to $6</a>, with aspirations reaching as high as $9 should the momentum persist.</p>
<h2 class="wp-block-heading" id="strong-optimism-s-recovery-and-bullish-projection-strong"><strong>Optimism’s Recovery and Bullish Projection</strong></h2>
<p>Michaël van de Poppe’s analysis on <a href="https://captainaltcoin.com/is-optimisms-op-price-surge-to-double-digits-imminent-expert-analysis/" target="_blank" rel="noopener noreferrer nofollow">Optimism (OP) </a>echoes a similar sentiment of bullish market behavior.&nbsp;</p>
<p>Following a robust recovery from its lows, Optimism’s price has <a href="https://coinmarketcap.com/currencies/optimism-ethereum/" target="_blank" rel="noopener noreferrer nofollow">surged to around $2.45</a>, marking an 8.77% increase as at press time. This revival is accompanied by a notable spike in trading volume, affirming the strength of the bullish trend.</p>
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   <p lang="en" dir="ltr">I'm not interested in taking profits at this stage. <br><br>I'm interested in doing this way higher, but my invalidation levels will increase.<br><br>For <a href="https://twitter.com/search?q=%24OP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$OP</a>, I'd like to see it stay above $1.80.<br><br>If that happens, we'll have a party towards $4 minimal in the coming period. <a href="https://t.co/lbYVSlQ2AH" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/lbYVSlQ2AH</a></p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1867139833577054517?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">December 12, 2024</a>
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<p>The critical support zone between $1.80 and $2.00 is identified as a key level for maintaining the current bullish structure. Remaining above this threshold suggests a stable uptrend, whereas a drop below could signal bearish reversals.&nbsp;</p>
<p>Moreover, the resistance zone from $4.00 to $4.60 is highlighted as a potential future peak, aligning with previous high points on the chart.</p>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/is-7-still-a-realistic-target-for-cardano-ada-price/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Is $7 Still a Realistic Target for Cardano (ADA) Price?</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-market-indicators-and-future-outlooks-strong"><strong>Market Indicators and Future Outlooks</strong></h2>
<p>Both analyses utilize a range of technical indicators to substantiate their forecasts. For Mantra, the placement above the EMA and the bullish MACD provide a foundation for expected price increases.&nbsp;</p>
<p>Conversely, for Optimism, the relative strength index (RSI) nearing overbought territory could indicate a nearing consolidation phase, despite the current strong momentum. Hence, these detailed analyses by Crypto Winkle and Michaël van de Poppe provide a nuanced view of the potential directions for Mantra and Optimism</p>
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<p>The post <a href="https://captainaltcoin.com/optimism-op-and-mantra-om-price-chart-analysis-signal-potential-rallies-what-to-watch/" rel="noopener noreferrer nofollow">Optimism (OP) and Mantra (OM) Price Chart Analysis Signal Potential Rallies: What to Watch</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Optimism (OP) and Mantra (OM) Price Chart Analysis Signal Potential Rallies: What to Watch

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