Mantra Soars to $7.95: Can It Hit $10 Next?

Mantra Price Surges to New All-Time High; Can It Reach $10 Next?

The price of Mantra (OM) has reached a new all-time high of $7.95, with a 24-hour trading volume of $874.06 million. This significant milestone comes amidst a strong bullish trend in the cryptocurrency market, with Mantra displaying robust price action over the past month.

Technical indicators suggest a rising bullish trend, with the Relative Strength Index (RSI) breaching the overbought range in the daily time frame. The average trendline also displays a positive crossover, indicating a strong buying-over-selling pressure for the altcoin. Additionally, the Exponential Moving Average (EMA) 50-day acts as a support to the price chart, further highlighting a positive outlook for the 22nd largest crypto token this month.

Analysts predict that if the bullish sentiment sustains, the OM coin price could head toward its $8.50 range. Maintaining the price above that level could potentially push the price toward its upper price target of $10 in the upcoming time. However, if a trend reversal occurs, the Mantra price may retest its immediate support trendline of $7.320, or even plunge toward its lower support of $6.2440 if bearish sentiment intensifies.

Looking ahead, if the bullish sentiment continues, the OM coin price may range between $5.92 and $14.68 this year. With increased bullish sentiment and increased adoption, the Mantra coin may reach a maximum trading value of $45 by the year 2030. As of now, the value of the OM crypto token stands at $7.7944, with a 24-hour trading volume of $874.06 million.