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Crypto News

Mantra (OM) PRICE challenges the market decline – what drives its highest level?

The encryption market has achieved tremendous success during the past 48 hours, with losses of $ 2.3 billion in only one day. But in the middle of this chaos, a talisman is highlighted. The distinctive code has achieved record prices and still climbs – an increase of 9 % in the last day to $ 5.95.

Scheme analysis: strong technical indicators indicate the possibility of signal growth

The movement of the om prices reflects the strong upward trend, which features the highest levels and the highest level. The assets have succeeded in violating the main resistance levels, as shown in modern plans, and is now supported by strong areas of about $ 5.27 and $ 4.87. Looking at the charts, the price of om supported at the Key Fibonacci levels of 0.382 and 0.5, indicating a higher space.

The price remains strong than the moving averages for 50 days and 200 days, indicating a strong upward momentum. The relative strength index appears to be in good health – upward but uncomfortable. When we look at the trading volume, the nails during the price jumps tell us that buyers are still entering.

Also read: Crypto Analyst determines the goal of the 5 -dollar -based al -Khawsar, and can it be disregarded – can Algo Beat ETH, BNB and Sol?

Photo source: x/coboygenius

The main strength behind the high price of om

The most prominent genius of the spoiling cow’s shepherds The basics of powerful om on X, complement its artistic performance. The project is supported by a large institutional wealth in the Middle East, with large investments that feed its growth. Partnerships enabled the first -class Blockchain projects to fund a wide range of assets, which led to the creation of the role of om in the field of financing on the series.

The analyst noticed a significant growth in the price of OM 30x over the past year, as it reinforced it to its focus on the assets of the real world (RWAS). This special specialist helped maintain its importance in the volatile encryption market, while the other altcoins is struggling to recover.

A talisman excel in the recovery market

When the broader market begins to settle, the om ability to achieve new levels of levels. Fibonacci 0.618 level works at $ 6.77 now as a potential resistance point, with a decisive outbreak that is likely to lead to more gains. Investors closely monitor the origin, as technical and basic factors are compatible To put OM price as prominent In the current market.

A mixture of solid use cases on the chain, strong support, and positive prices indicate that the talisman (om) can remain a major player as the market advances forward.

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