As the global crypto market faces downturns, Mantra’s (OM) price refuses to obey this trend. Top analyst World Of Charts updated his followers on X (formerly Twitter) that Mantra has achieved over 30% profit despite market crashes linked to Middle East conflicts.
Over the past day, Mantra’s price has seen a 6.30% pump. Its trading volume also saw a massive 202.02% increase, which means people are showing more interest in the token. At press time, Mantra is trading at $1.30.
World of Charts noted that OM’s price is “going towards targets while markets are crashing across the board.” This performance has attracted investors looking for opportunities in a volatile environment.
What you'll learn 👉
Mantra (OM) Chart Analysis: Breakout Signals Bullish Reversal
World of Charts OM’s chart shows a descending channel that the price broke out of in mid-September. This breakout is a bullish signal, indicating a potential reversal from the previous bearish trend.
However, breaking above the descending channel suggests a shift in market sentiment. Traders often see such breakouts as chances to enter long positions. The sustained movement above the channel reinforces the bullish outlook.
Since the breakout, OM’s price has steadily increased. The token remains above the breakout level, suggesting buyers are controlling the market. This aligns with WorldOfCharts’ observation of a 30% profit run.
The consistent price rise indicates growing investor confidence in Mantra. The consolidation after the breakout may signal the market is preparing for further gains. Market participants are monitoring volume and price action for additional clues.
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Show more +Mantra (OM) Price Outperforming Amid Geopolitical Tensions
The crypto market is declining due to geopolitical tensions in the Middle East. Despite this, Mantra’s (OM) price shows resilience. Its upward movement contrasts with general market sentiment, highlighting its strength.
Mantra’s market performance amid turbulence suggests its potential as a hedge against broader market risks. Investors may turn to OM as an alternative, given its recent bullish trend. This divergence from market trends is noteworthy for analysts and traders.
Read Also: Why Is Wormhole (W) Price Pumping?
Mantra’s Potential Targets Ahead
World of Charts implies that OM’s price may continue to reach higher targets. The token’s ability to sustain gains while the market declines may attract more buyers. Traders are watching for potential resistance levels that OM’s price might test soon.
Moreover, monitoring key technical indicators will be essential for those looking to capitalize on this momentum. The consolidation phase could precede another upward move, according to analysts.
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