The token Mantra (OM) is at 0.3987 USD with a slight daily growth of 0.77%, showing signs of activity on the market for bulls and DEFI and web3 bears.
Current state of the OM token (Mantra)
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THE OM Mantra token is currently in exchange at 0.3987 USDwith a market capitalization of approximately $ 382.5 million and a Volume of negotiations 24 hours a day of 188.9 million USD,, 68.61%. This increase in volumes indicates a renewed interest in investors.
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The feeling of the community seems divided: 59% of users express a bull viewwhile 41% maintain a bear position. The buyers' dominance index suggests a slight prevalence of buyers.
Main fundamental data:
- Cap: 30,164.68 (extremely high value, indicating a low total value locked in relation to capitalization)
- Power supply: 959.24 million OM out of a total of 1.66 billion
- FDV (fully diluted assessment): 665.68 million USD
- Coinmarketcap profile score: 66%
Trend of the OM token (mantra) token: technical analysis
The daily graph shows an initial bear phase followed by a clear trend reversal. The price has reached a lower bottom 0.379 USDthen bounced to 0.420 USDBefore consolidating yourself in the current area.
This behavior suggests A solid support area around 0.38 USD and a resistance visible around 0.42 USD.
Key indicators:
- Increased volume: Possible accumulation signal
- Short -term upward trend: St series upwards
- Possible escape: If the resistance at 0.42 USD is exceeded, it could trigger a gathering around 0.45 to 0.48 USD
Haussier scenario: what could raise OM
In the current context, several elements could support a trend of bulls:
- Increase in trading volume: signal of greater institutional or retail interest.
- Strategic positioning of Mantra in web3: The project offers governance and development tools, more and more sought after.
- Future partnership and announcements: Potential DEFI collaborations could attract capital.
- Escape from the resistance to 0.42 USD: This would lead to the price at higher levels, potentially up to 0.48 USD.
Lower scenario: the risks for the price
However, there is no risk shortage that could push the OM token down:
- High FDV compared to TVL: This could indicate a long -term overvaluation.
- Sell pressure after recent increases: Short -term traders could benefit from benefits.
- Technical rejection possible at 0.42 USD: It could trigger a return to 0.38 or even 0.36 USD.
- Macro negative feeling: A tightening of the Fed or accidents on the cryptographic markets could weaken.
THE Token of Mantra (OM) is at a critical point, with moderately positive technical signals but key resistance still to overcome. The growing volume and positive feeling of the community indicate a potential continuation of the trend of bulls, but the macro and technical risks remain significant.
Overcoming the threshold of 0.42 USD will be crucial: from there, a new more sustained bull phase could begin. Otherwise, pay attention to the support levels around the 0.38 USD area.
