MANTRA Price Prediction: 2024, 2025, 2030

OM price prediction: Key highlights

1. Primary support and resistance levels

• An analysis of the weekly chart highlighted $0.01 as the lowest support.
• The highest resistance level for OM was established at $1.38.

2. Market sentiment

• As of July 2024, the market’s bullish sentiment remains strong.

3. Predictive forecasts

• Forecasts from AI/ML predictive algorithms estimate the average price of OM to reach $18 in 2027 and increase to over $1,000 in 2033.

Given below is a detailed weekly 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: Asset pumps 4900%, records new highs

The Mantra price prediction for 2024 is framed by analyzing OM’s performance over the year and hinges upon its historical performance, recent trends, and investor interest. Like the broader market, the initial period was characterized by a dominant selling pressure.

The downtrend plummeted the asset’s value to the lowest support of $0.01 in late August. After containing further losses, this level served as a base for a recovery. The uptrend gained additional momentum from mid-December as consecutive green candles drove the price to $0.30 in February. 

The rally continued despite a slight pullback due to OM’s overbought state. By mid-March, the asset challenged $0.80. This level proved difficult to overcome, as repeated attempts to flip it failed. The buyers secured $0.64 as support in April to hold off declines.
 

The price consolidated between these levels until late May. After a brief breakout in June, the asset returned to the latter support by mid-month, indicating another correction. This was followed by a decisive bullish breakout in July.

By mid-month, the asset was challenging its highest resistance at $1.38. Furthermore, in late July, OM peaked at an all-time high (ATH) of $1.41. Yet, these highs were unsustainable as the market sought equilibrium following the asset’s overvaluation. 
 

As the analysis ended, the altcoin exchanged hands at $1.16. According to CoinMarketCap, this represented a growth of over 4,900% over the past year.
 

Should OM maintain its upward momentum, it might soon retest its peak resistance level. Reclaiming the ATH is also highly likely. Moreover, predictive models support this positive outlook, projecting the asset to reach $2.83 in 2024.

The asset is estimated to reach significant heights in the coming years. For 2027, the forecasts suggest that the average value is expected to reach $18. An even more remarkable projection places the value at an astounding $1,000 in 2033.
 

Conversely, continued liquidations amid the current pullback might push the price to $0.80. Without intervention, it could decrease further to $0.64. Dropping below this threshold would reverse the prevailing market trend, potentially ushering in a bearish phase.

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

• The trading volume remained predominantly low, albeit with substantial spikes between mid-December and early February. The lack of high volume accompanying the uptrend painted a cautious outlook.
• The Relative Strength Index (RSI) surged past the 50 line in November and moved into the overbought territory in mid-December. After nearly six months, the indicator dropped briefly in mid-June. 
• However, it moved over 70 again in mid-July, only to dip later in the month. The press time value of 65.11 highlighted the market’s bullish bias.
• In mid-December, the On-Balance Volume’s (OBV) flat momentum was succeeded by a substantial ascension. Nonetheless, the indicator returned to its relatively stable trajectory from February, closing at 13.52 billion, reflecting significant accumulation.