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3 months ago
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ARTICLE AD BOX
- Bullish OM price prediction for 2024 is $1.1029 to $1.4267.
- MANTRA (OM) price might reach $2 soon.
- Bearish OM price prediction for 2024 is $0.6268.
In this MANTRA (OM) price prediction 2024, 2025-2030, we will analyze the price patterns of OM by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.
TABLE OF CONTENTS |
INTRODUCTION |
|
MANTRA (OM) PRICE PREDICTION 2024 |
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| MANTRA (OM) PRICE PREDICTION 2025, 2026-2030 |
| CONCLUSION |
| FAQ |
MANTRA (OM) Current Market Status
| Current Price | $0.9576 | 24 – Hour Price Change | 3.62% Up |
| 24 – Hour Trading Volume | $22,508,778 |
| Market Cap | />$806,570,936 |
| Circulating Supply | 842,499,555 OM | All – Time High | $1.42 (On July 22, 2024) |
| All – Time Low | $0.01728 (On Oct 12, 2023) |
What is MANTRA (OM)
| TICKER | OM |
| BLOCKCHAIN | Ethereum |
| CATEGORY | ERC-20 |
| LAUNCHED ON | August 2020 |
| UTILITIES | Governance, Staking, Karma Protocol & Cross-Chain Interoperability |
MANTRA is a security-first Layer 1 blockchain that complies with real-world regulatory requirements. It is built for institutions and developers, offering a permissionless platform that supports permissioned applications. This means that while the blockchain itself is open and decentralized, it can enforce regulatory compliance and control access at the application level, making it suitable for institutional use cases that require adherence to strict regulatory standards.
The MANTRA token (often referred to as $OM) is primarily oporates on the Ethereum blockchain as an ERC-20 token. However, due to its multi-chain strategy, the token is also available on other blockchains, such as Binance Smart Chain (BSC) and Polygon, to enhance interoperability and reach within the decentralized finance (DeFi) ecosystem.
MANTRA 24H Technicals
(Source: TradingView)MANTRA (OM) Price Prediction 2024
MANTRA (OM) ranks 72nd on CoinMarketCap in terms of its market capitalization. The MANTRA price prediction for 2024 is explained below with a daily time frame.
In the above chart, MANTRA (OM) laid out a Descending Channel pattern. Descending channel patterns are short-term bearish in that a stock moves lower within a descending channel, but they often form longer-term uptrends as continuation patterns. The descending channel pattern is often followed by higher prices. but only after an upside penetration of the upper trend line. A descending channel is drawn by connecting the lower highs and lower lows of a security’s price with parallel trendlines to show a downward trend.
Within a descending channel, a trader could make a selling bet when the security price reaches its resistance trendline. An ascending channel is the opposite of a descending channel. Both ascending and descending channels are primary channels followed by technical analysts.
At the time of analysis, the price of MANTRA (OM) was recorded at $0.9982. If the pattern trend continues, then the price of OM might reach the resistance level of $1.0221, and $1.4339. If the trend reverses, then the price of OM may fall to the support of $0.8495.
MANTRA (OM) Resistance and Support Levels
The chart below elucidates MANTRA’s possible resistance and support levels MANTRA (OM) in 2024.
From the above chart, we can analyze and identify the following as resistance and support levels of MANTRA (OM) for 2024.
| Resistance Level 1 | $1.1029 |
| Resistance Level 2 | $1.4267 |
| Support Level 1 | $0.8354 |
| Support Level 2 | $0.6268 |
MANTRA (OM) Price Prediction 2024 — RVOL, MA, and RSI
The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of MANTRA (OM) are shown in the chart below.
From the readings on the chart above, we can make the following inferences regarding the current MANTRA (OM) market in 2024.
| INDICATOR | PURPOSE | READING | INFERENCE |
| 50-Day Moving Average (50MA) | Nature of the current trend by comparing the average price over 50 days | 50 MA = $1.0402 Price = $1.000 (50MA < Price) | Bearish/Downtrend |
| Relative Strength Index (RSI) | Magnitude of price change;Analyzing oversold & overbought conditions | 54.5940 <30 = Oversold 50-70 = Neutral >70 = Overbought | Neutral |
| Relative Volume (RVOL) | Asset’s trading volume in relation to its recent average volumes | Below cutoff line | Weak volume |
MANTRA (OM) Price Prediction 2024 — ADX, RVI
In the below chart, we analyze the strength and volatility of MANTRA (OM) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).
From the readings on the chart above, we can make the following inferences regarding the price momentum of MANTRA (OM).
| INDICATOR | PURPOSE | READING | INFERENCE |
| Average Directional Index (ADX) | Strength of the trend momentum | 14.3650 | Weak Trend |
| Relative Volatility Index (RVI) | Volatility over a specific period | 53.92 <50 = Low >50 = High | High volatility |
Comparison of OM with BTC, ETH
Let us now compare the price movements of MANTRA (OM) with that of Bitcoin (BTC), and Ethereum (ETH).
From the above chart, we can interpret that the price action of OM is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of OM also increases or decreases respectively.
MANTRA (OM) Price Prediction 2025, 2026 – 2030
With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of MANTRA (OM) between 2025, 2026, 2027, 2028, 2029, and 2030.
| Year | Bullish Price | Bearish Price |
| MANTRA (OM) Price Prediction 2025 | $1.89 | $0.057 |
| MANTRA (OM) Price Prediction 2026 | $2.36 | $0.063 |
| MANTRA (OM) Price Prediction 2027 | $3.21 | $0.089 |
| MANTRA (OM) Price Prediction 2028 | $3 | $0.043 |
| MANTRA (OM) Price Prediction 2029 | $4.3 | $0.067 |
| MANTRA (OM) Price Prediction 2030 | $5 | $0.068 |
Conclusion
If MANTRA (OM) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish MANTRA (OM) price prediction for 2024 is $1.4267. Comparatively, if unfavorable sentiment is triggered, the bearish MANTRA (OM) price prediction for 2024 is $0.6268.
If the market momentum and investors’ sentiment positively elevate, then MANTRA (OM) might hit $2. Furthermore, with future upgrades and advancements in the MANTRA ecosystem, OM might surpass its current all-time high (ATH) of $1.42. and mark its new ATH.
FAQ
1. What is MANTRA (OM)?
MANTRA (OM) is a security-focused Layer 1 blockchain designed for regulatory compliance and institutional use, providing a permissionless platform for permissioned applications.
2. Where can you purchase MANTRA (OM)?
MANTRA (OM) has been listed on many crypto exchanges which include Binance, BTCC, Bybit, and LBank.
3. Will MANTRA (OM) reach a new ATH soon?
With the ongoing developments and upgrades within the MANTRA Platform, OM has a high possibility of reaching its ATH soon.
4. What is the current all-time high (ATH) of MANTRA (OM)?
On Jul 22, 2024, MANTRA (OM) reached its new all-time high (ATH) of $1.42.
5. What is the lowest price of MANTRA (OM)?
According to CoinMarketCap, OM hit its all-time low (ATL) of $0.01728, On Oct 12, 2023.
6. Will MANTRA (OM) reach $2?
If MANTRA (OM) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon.
7. What will be MANTRA (OM) price by 2025?
MANTRA (OM) price is expected to reach $1.89 by 2025.
8. What will be MANTRA (OM) price by 2026?
MANTRA (OM) price is expected to reach $2.36 by 2026.
9. What will be MANTRA (OM) price by 2027?
MANTRA (OM) price is expected to reach $3.21 by 2027.
10. What will beMANTRA (OM) price by 2028?
MANTRA (OM) price is expected to reach $3 by 2028.
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Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.
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