Mantra (OM) has increased more than 10 % in the past seven days, with the second largest real assets of the world (RWA) depending on the maximum market. With the maximum market of about 6.8 billion dollars, om is gaining momentum and attracting attention in the RWA space.
Technical indicators flavor mixed signals, with RSI cooling from the peak levels in the peak and cloud Ichimoku cloudy clouds. Since om is trading near the main resistance and support areas, traders are closely monitoring to see if it can extend the gathering and appointment of the new high levels at all.
Mantra RSI returned to a neutral after reaching peak levels
Reading the relative strength index in a talisman (RSI) is 57.89, while maintaining levels higher than the 50 threshold since March 15.
The relative force index reached a short period of 72.51 yesterday, indicating that OM is close to the peak area of the purchase before retreating a little.
This continuous step above 50 indicates that om has been in an upward phase, as the momentum preferred buyers over the past few days.
RSI is a momentum of momentum that measures the speed and size of modern price movements to assess whether the original has been purchased or increased selling.
Readings that exceed 70 generally indicate excessive conditions in the peak, indicating that the original may be due to the decline, while readings of less than 30 excessive conditions indicate, which may indicate an opportunity to buy.
Rsi’s at 57.89 suggests that although the upscale momentum still exists, it is at currently moderate levels.
Om Ichimoku Cloud shows an upward preparation
Mantra currently shows a bullish structure on the Ichimoku Cloud chart.
The price is traded above the cloud, indicating that the total trend is still upward. This enhances the mantra as one of the largest RWA currencies on the market.
In addition, the next cloud turned in green, indicating that if the structure continues, the future momentum may continue to prefer buyers.
Tenkan-Sen is placed over Kijun-Sen, which enhances the bullish momentum in the short term, although the price was recently pulled after some bullish movement.
SPAN Chikou is also higher than price and cloud movement, which supports upward expectations.
However, if the price begins to integrate or decline towards Tenkan-Sen and Kijun-Sen, it may indicate a possible cessation of momentum or a transformation towards a more neutral direction if these levels fail to provide support.
Will it make a talisman the highest level ever in March?
Om EMA lines indicate that the golden cross can be formed soon, which will enhance the bullish view.
If this style is confirmed and the mantra can regain the strong ups that were seen in the past months, it may penetrate the resistance levels at $ 7.39 and $ 8.16.
The collapse over these areas can be allowed to test price levels that exceed 9 dollars for the first time, determining the highest new levels ever, and may make Om Grouppass ChainLink as the largest RWA in the maximum market.
On the other hand, if the current upward momentum fades, om may decrease towards support at $ 6.57.
The loss at this level can increase the negative side of about $ 6.15, and if the declining pressure continues, the price may decrease to $ 5.85.
Disintegration
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