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Author: Admin | 2025-04-27
Mantra (OM) price achieved a new all-time high on November 18, experiencing a 155.29% increase in the last week, driven by strong bullish momentum. However, current signals suggest that this upward momentum is losing steam.The Relative Strength Index (RSI) for OM has slipped to 52.7, moving away from its previous overbought state above 70. This indicates a reduction in buying momentum and a more balanced market dynamic between buyers and sellers.The Ichimoku Cloud analysis reveals signs of weakening in OM's price. The price has dipped below the Tenkan-sen, pointing to a reduction in short-term momentum, and is approaching the cloud's lower boundary, which could signal a shift to a bearish trend.If the OM price falls below its support level of $2.98, it might continue to decline, potentially reaching $1.81, indicating a deepening bearish reversal. Conversely, a recovery in the uptrend could target the $4.53 resistance, allowing for new highs in the RWA ecosystem.
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