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- Mantra is one of the most popularly known real-world asset (RWA) tokens.
- The OM crypto price sentiment was bullish at press time.
In the last 24 hours, Mantra (OM) has recorded a surge in its demand. It was followed by a surge of 90% in the token’s traded volume, resulting in $21.09M.
The token’s volume/market cap ratio was 2.45%. This resulted in lower liquidity in the OM price. Over the last few days, the Total Value Locked for the token declined to $14.2K. Also, the fully diluted valuation was worth $883.97M.
The token’s market cap ranking was #72, as per CoinMarketCap at press time. Its market cap was worth $835.313M, which has advanced by 12% in the last 24 hours.
The token has $319.2M staked in the market, which is 38% of its market cap. Moreover, the token’s liquidity was worth $3.75M and raised $11.0M.
Mantra crypto’s derivatives traded volume also advanced by 70% in the last 24 hours, resulting in $52.69M. The open interest also advanced by 25%, showing huge demand among traders and investors.
According to Coincodex, the token’s price sentiment was bullish, and the fear and greed index was at 26. This showed fear among the token’s investors, and the token’s supply inflation was high.
Are Holders Confident Enough For The OM Crypto?
OM crypto had 12.8K holders at press time, and its top 10 holders held 50.62% of the total supply. Moreover, 44% of the token’s holders have held the token for over one year.
Of the total token holders, 84% were profitable at press time, and only 7% were lost. The large holder’s concentration in the token further was 94%, and the Bitcoin price correlation was negative.
Mantra Crypto Technicals Building Up For A Surge
The daily chart of the Mantra crypto has recently exhibited a series of strong bullish candlesticks. It signaled a clear dominance of buyers in the market.
As a result, the overall trend for OM remained firmly positive. It suggested the potential for further price increases in the near term.
Although the token experienced a brief retracement to lower levels, it has since regained momentum. This indicated the possibility of continued upward movement in the days ahead.
This resurgence of bullish activity highlighted the market’s confidence in OM crypto. It further solidified its strong position and set the stage for additional gains.
Does Mantra Token Technicals Also Support Bullish Momentum In Price?
The 50-day and the 200-day EMAs traded in a golden cross. Furthermore, the Mantra crypto price advanced above the following EMAs. This exhibited a bullish momentum in the token price, led by the buyer’s dominance.
OM/USD Chart by TradingView
The MACD indicator showed a neutral behavior toward the price, as the MACD and the signal line traded in a bullish cross. Despite this, both metrics traded in a negative trajectory.
The RSI advanced above the 50-level and sustained above the same by breaking above the 14-day SMA. This showed positivity in the token’s price momentum.
The OM price might take support at the levels of $0.6250 and $0.840. It was followed by the resistance levels of $1.240 and $1.420.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
