{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/mantra-omusd-offers-a-good-buying-opportunity\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/mantra-omusd-offers-a-good-buying-opportunity\/","headline":"MANTRA (OMUSD) Offers a Good Buying Opportunity","name":"MANTRA (OMUSD) Offers a Good Buying Opportunity","description":"MANTRA (OMUSD) Price Forecast: October 4 The OMUSD pair is positive today and offers a good buying opportunity as it experiences a notable surge toward the upper channel. The chart setup is considered a bullish continuation pattern, indicating investors\u2019 optimism and interest in the asset. If a renewed surge in buying occurs, the coin price […]","datePublished":"2024-10-04","dateModified":"2024-10-04","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/10\/OMUSD-IMG.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2024\/10\/OMUSD-IMG.png","height":200,"width":200},"url":"https:\/\/forexschoolonline.com\/mantra-omusd-offers-a-good-buying-opportunity\/","about":["Cryptocurrency","Forex Trading Tools","FX Technical Analysis","Price Action Charts in Focus","Trade Idea","Trade Setups"],"wordCount":468,"keywords":["MANTRA","OM","OMUSD","Technical Analysis"],"articleBody":"MANTRA (OMUSD) Price Forecast: October 4The OMUSD pair is positive today and offers a good buying opportunity as it experiences a notable surge toward the upper channel. The chart setup is considered a bullish continuation pattern, indicating investors\u2019 optimism and interest in the asset. If a renewed surge in buying occurs, the coin price may trigger up to the overhead resistance mark at the $0.02000 level, thus a clear buy signal and a good buying opportunity for the long investors.Key Levels:Resistance Levels: $1.313, $1.314, $1.315Support Levels: $0.800, $0.700, $0.600OM (USD) Long-term Trend: Bullish (Daily Chart)The long-term market value of MANTRA is moving in a bullish direction and offers a good buying opportunity for traders. The coin price is trending close to the upper resistance level above the moving average, indicating a strong uptrend.The bulls\u2019 pressure on the currency pair at the $1.266 high point in the last trading session has made it possible for the pair to offer a good buying opportunity and remains in an upward trend in its recent high.Today\u2019s daily candle at the $1.316 high mark above the EMA-50, offers a good buying opportunity and shows that the bulls are buying the OMUSD pair at this level.Hence, staying above the supply levels indicates a strong possibility for a bullish correction. A strong break-up above the $1.415 resistance point would strengthen the bullish pressure, signaling a resurgence of bullish activity and potentially leading the crypto price toward the upper resistance area. Further, the MANTRA pair indicates an upward momentum on the daily signal, indicating and offering a good buying opportunity, and this may get to the $1.140 upper resistance trend mark soon in its long-term outlook.OM (USD) Medium-term Trend: Bullish (4H Chart)The MANTRA pair is experiencing a noble surge and offers a good buying opportunity at its recent high due to a high inflow from the bulls in its medium-term outlook. The increase in the momentum by the bulls at the $1.249 supply value in the previous action has led to the coin\u2019s bullishness in its recent high.Today\u2019s 4-hourly bullish candle at the $1.307 supply value above the moving average offers a good buying opportunity as the journey up north continues. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.Hence, an upside breakout above the $1.308 mark with a 4-hourly candle closing will offer buyers a solid foothold to push the OMUSD price higher. Adding to that, the MANTRA pair is pointing up around the level 83% range of the daily stochastic, implying the bulls may continue to dictate market direction. In light of this, the next price target could be the $1.140 upper high level soon, as it offers a good buying opportunity in its medium-term outlook. Hence, buyers may take a position as desired. Buy MANTRA on Longhorn"}