Lokesh Gupta
10-06-2024
#Mantra price has endured bullish pressure for more than 20 months, initiating a strong upward trend since the start of the year.
$OM Coin, the native asset of Mantra, surged by 25% in just 7 days, surpassing the significant $1 resistance level, previously a long-standing barrier after its decline in mid-April.
Despite the notable rally, the price faced resistance at $1.10, resulting in a minor retracement near the newly established critical support level of $1.
Currently, #Mantra Crypto Price is trading above all key moving averages, indicating a bullish momentum in the near term.
According to Coin Gabbar analysis, The Mantra price may rise to the 1.2 Fibonacci levels at $1.30, potentially reaching new highs.
However, in case of negative market sentiments or a broader market downturn, $OM Price could retreat to its strong support zones positioned at $0.90 and $0.85.
KEY LEVELS :
RESISTANCE LEVEL : $1.3000-$1.7000
SUPPORT LEVEL : $0.8800-$0.6500
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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