Mantra (OM Coin) price increased by more than 35 %in the last 24 hours, over $ 7, the highest level of all time. With this increase, the market value of the OM increased to $ 7.3 billion and became one of the largest RWA tokens. As the momentum increases, the main technical indicators show that the rise trend of RWA Altcoin remains strong. However, some There are no reservations. Crypto analyst Tiago Amaral Evaluating the technical picture of OM.
ADX, bullIt shows that the trend is strong, but…
Mantra, one of the largest projects in the RWA Altcoin ecosystem, made more than 90 %rally in the last 30 days. ADX rose from yesterday to 24.8 from yesterday to 24.8 and pointed out a significant increase in trend power. This sharp rise shows that the current rise trend of the OM gains an increasing acceleration behind the price movement. A strengthened ADX shows that buyers become more dominant, strengthened the trend and increases the likelihood of maintaining in the short term. If this momentum continues, it may attract more investors who want to benefit from the strengthened trend.
Om adx. Source: TradingView.ADX is an important indicator that measures the trend power on a scale where values below 20 show weak or non -trend conditions, and the data between 20 and 40 indicates a stable tendency. The trend is strengthening with OM ADX, which is currently 24.8, but has not yet reached excessive levels. If ADX continues to rise, it may confirm a even more powerful ascension momentum. In addition, it can potentially lead to more aggressive price movements. However, if ADX begins to flatten or fall, it may indicate that the trend has lost speed.
‘ Ichimoku cloud shows the Taurus installation for RWA Altcoin!
The OM went well above the Ichimoku Cloud and suffered a sharp break. The last fluctuation placed the RWA Altcoin price in a strong rise zone. The cloud is now very low. This movement shows that there is a significant change in the momentum when switching to an aggressive rally from consolidation period. Leaving the cloud indicates that the ascension momentum is strictly controlled and there is no sign of urgent weakness.
Om Ichimoku cloud. Source: TradingView.The pioneering opening of the Ichimoku Cloud is now turning upwards and confirming the power of the trend. It also reflects the sudden increase in the momentum by sharply following the price movement of transformation and base lines. Since the delayed opening is well above the price movement, the installation strengthens the ongoing rise tendency. However, the distance size of the cloud narrows, which may indicate that the rising trend has lost speed.
OM Price Estimation: Will RWA Altcoin progress more?
The price of RWA Altcoin reached the highest level of all time and increased over $ 7 for the first time. This made OM behind the market -value Ondo, making OM one of the largest RWA tokens on the market. This breakage confirms the strong rise momentum. If the rise trend continues to strengthen, the om price may rise further and potentially reach $ 8 for the first time. A continuous movement above the lock levels will reinforce the confidence in the rally and attract more momentum -oriented receiver.
OM Price Analysis. Source: TradingView.However, if the OM’s rise trend loses its power, it can be withdrawn to test the support in $ 6.48. A fracture below this level can be even more downward. The next important support is $ 5.26 and a stronger decrease trend of $ 4.37.
