Famous analyst Crypto Winkle highlighted Mantra’s (OM) price momentum on X (formerly Twitter), underscoring a potential move towards higher targets if specific price levels are broken.
With Google Cloud now supporting Mantra (OM) as a validator and the planned launch of a Real World Asset (RWA) accelerator program in early 2025, the MANTRA ecosystem appears positioned for growth. This article examines the latest technical signals and the broader developments driving $OM’s potential.
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Mantra (OM) Chart Analysis: Cup & Saucer Pattern Indicates Strong Bullish Momentum
The chart reveals a “Cup & Saucer” pattern, which is traditionally viewed as a strong bullish indicator. This pattern emerges when the price forms a rounded bottom, representing the “cup,” followed by a smaller, gradual dip, forming the “saucer.”
Moreover, the presence of this formation suggests that OM’s price may be on track for a sustained upward trend, especially following the recent breakout above $1.20.
The breakout level, now acting as a support zone, aligns with Crypto Winkle’s analysis. According to the tweet, if $OM can surpass the $1.50 resistance level, it may pave the way for a move toward higher targets. This technical setup points to possible price growth in the near term, supported by sustained buying interest.
Key Support and Resistance Levels to Watch
As OM trades around $1.43, specific price levels are crucial for maintaining upward momentum. The current support zone near $1.20 provides a foundation for buyers, while the $1.50 level serves as the next significant resistance.
Should Mantra (OM) clear this hurdle, the projected path on the chart suggests a gradual climb toward the upper price range indicated by Crypto Winkle.
The price movement is expected to involve brief consolidation phases, suggesting that a steady, healthy rally could follow rather than a sudden spike. This pattern is typically associated with long-term gains and less volatile growth.
Read Also: Where is the Bitcoin Price Headed Next? BTC Bulls Shatter 8-Month Pattern
Fundamental Developments in the MANTRA Ecosystem
The MANTRA ecosystem’s recent growth initiatives are fueling optimism around OM’s price action. The tweet references Google Cloud’s new role as a validator for MANTRA Chain, marking a key partnership that could drive adoption and credibility.
Additionally, the launch of the RWA accelerator program in early 2025 aims to integrate real-world assets into the ecosystem, expanding OM’s use cases.
These developments, coupled with the ecosystem’s active mainnet, underscore MANTRA’s commitment to broadening its platform and increasing OM’s value. This growth is expected to draw more investors as the utility and functionality of OM strengthen.
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