MANTRA Price Prediction: 2024, 2025, 2030

OM price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart revealed that the price floor for the token was achieved at $0.018.
• Subsequently, the highest resistance level for this token can be anticipated to be $1.05.

2. Market sentiment

• The overall market sentiment is seen to be predominantly bullish in April 2024.

3. Predictive forecasts

• Based on its current performance and the market involvement, OM may reach an average value of $2.60 by 2030. Additionally, it may also touch the $5.02 mark by 2035.

Given below is a comprehensive daily technical analysis of OM, followed by the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models:

OM technical analysis: Bulls to create a new ATH soon

The Mantra price prediction for 2024 hinges upon its historical performance, recent trends, and investor interest. 

At the beginning of the observation in April 2023, Mantra (OM) was perched just above the $0.027 level. Soon after, a downtrend emerged, leading to a break below this support. As time went on, OM's value followed a declining path, eventually hitting a low of $0.018 by mid-August. This bottoming out seemed to be a critical juncture for the token as it stagnated at this level through September.

A significant shift in momentum came about in October when the altcoin experienced a trend reversal followed by a price surge, reclaiming the $0.027 level by the year's end, signaling a potential turnaround for the token.

Entering January 2024, OM took the market by surprise with a robust bullish rally that drove its value up, reaching an impressive $0.30 in early February. Despite a temporary price dip at this juncture, bearish forces couldn't sustain control, allowing the bulls to propel the price further to the $0.70 mark by the end of March.

April 2024 saw the continuation of this bullish trend, with OM setting a new all-time high (ATH) at $1.05. Following this, OM’s value witnessed a slight pullback from the peak, falling below the highest resistance level at $0.97. At press time, OM exchanged hands at $0.96.

According to CoinMarketCap, OM’s price has witnessed significant appreciation over the past few months, resulting in a whopping 213% spike last month alone. Additionally, as the token touched its ATH value, more investors entered the market, propelling its prices even higher. Keeping this in sight, OM may retouch its ATH value of $1.05 within the next few weeks. Furthermore, it may also go higher to establish a new ATH soon.

However, if a corrective pullback occurs, OM’s value may plummet slightly until it rests above the $0.70 level within the next few weeks. If the bears gain momentum and continue further, OM’s value may fall to the $0.30 mark within the next few months.

Given the current market scenario, the future of OM looks promising. Based on current trends and market involvement, it can be projected that OM may touch an average value of $2.60 by 2030. With its newly launched Hongbai Incentivized Testnet and many other developmental wonders to follow, it can be safe to assume that OM may touch an average value of $5.02 by 2035.

OM's 2024 roadmap: Key indicators to watch and trade

• During the first half of the analysis period, the trading volume was significantly low. However, the volume started showing a slight recovery by October. By December, a major spike in trading volume was observed, and it continued until February.
• However, as March approached, the trading volume had waned. At the time of writing, the trading volume was slightly lower than its recent highs. However, it did not stoop down to its previous lows.
• The Awesome Oscillator (AO) value remained below the neutral line for most parts of the analysis. However, the value of AO remained low, which showed that there was a weak bearish momentum.
• However, by mid-November, the AO value recovered significantly, and its value spiked considerably. At press time, the value of AO spiked to 0.52534. This was the highest recorded value of AO during the analysis period, which signified strong buying pressure.
• The On-Balance Volume (OBV) mirrored the movements of AO and remained stagnant until mid-November. Following this, a sharp spike was observed between December and February.
• At the time of writing, the OBV value was at 944.705 million. This indicated that there was a sustained inflow of money into the asset, which showcased a bullish scenario for the token.