RWA Hype Rises As Mantra Token Surges Big! OM Price Eyes For $2 In April?

The post RWA Hype Rises As Mantra Token Surges Big! OM Price Eyes For $2 In April? appeared first on Coinpedia Fintech News

The Mantra cryptocurrency continues to display a strong bullish price action as its native token OM price has added approximately 50% within the past seven days. Moreover, it has recorded a surge of 209.35% within the past 30 days and its Year-To-Date (YTD) returns stand at +1,554% in valuation.

With the crypto industry entering only its fourth month of trading, the Mantra token has recorded a surge of approximately 1,900% in valuation, resulting in the OM price securing the spot of the top gainer in the Real World Assets (RWA) category.

After trading in a narrow space between $0.0152 and $0.0367 for over a year, the bulls regained momentum and successfully broke out of the range, following which the price displayed a constant rise for the next two months. As the volatility in the market grew, the price jumped 178.38% in value.

Following this, the price traded sideways for the next 30 days. The bulls regained momentum recently and added 179.63% within the next seven days, after which the price displayed a neutral trend for a while. The OM token price has jumped 48.40% and continues to trade positively.

The MACD displays a significant rise in the histogram, highlighting an increased buying-over-selling pressure in the crypto industry. Furthermore, the averages show a rising pattern in the chart, suggesting the OM price will continue gaining value in the coming time. 

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Will Mantra Price Increase?

If the market holds the price above the resistance level of $1.0675, the bulls will continue trading under a positive influence and test its upper resistance level of $1.20. Moreover, if the bulls continue to hold power, the OM token will prepare to test its upper limit of $1.40 during the upcoming week.

Conversely, if a trend reversal occurs, the OM coin price will lose momentum and fall to test its support level of $0.0850. Furthermore, if the bears continue to dominate the market, it will plunge and fall to test its lower support level of $0.0609 this month.

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