MANTRA (OMUSD) Price Forecast: February 14
The MANTRA (OMUSD) price is likely to hit the above-mentioned value soon as the coin is now facing an increase in buying pressure. The price will most likely continue its bullish correction and the price could go higher to retest its previous swing high at the $0.3486 resistance level, which might further expose the coin price to hit the $0.3500 upper resistance value. Hence, a big turnaround and a buy signal for the coin investors.
Key Levels:
Resistance Levels: $0.3000, $0.3100, $0.3200
Support Levels: $0.0600, $0.0500, $0.0400
OM (USD) Long-term Trend: Bullish (Daily Chart)
The currency pair’s orientation trades in a bullish market in its long-term outlook. The MANTRA price is likely to hit the $0.3500 supply value soon as we can see the price bar trading above the EMA line which confirms its bullish growth.
The bulls’ pressure on the currency pair in the past few days has made it possible for the price to remain in an upward trend zone in its recent high.
Earlier today, the bulls caused a rise to a $0.3277 high level shortly after the commencement of the daily session opens today. This 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 breakup above the $0.3489 resistance point would strengthen the bullish pressure for the best crypto signal.
However, the price of MANTRA may rise further if the current support level at $0.2557 holds. The price action may hit the $0.3500 supply level and beyond in its long-term perspective.
OM (USD) Medium-term Trend: Bullish (4H Chart)
MANTRA price portrays a bullish market trend in its medium-term outlook. The price responded to the shift in the market structure and is currently above the moving averages and this might hit the key psychological level at the upside soon.
The price increase to the $0.2859 value during the previous action has made the coin price trade above the supply levels in recent times.
OMUSD on the 4-hour chart is currently facing resistance and trading at the $0.3165 correction level. This implies that investors are active and ready to move the price up to a significant level at the upside. Further, the rising prices reclaimed more confirmation for a bullish recovery.
In addition, the daily stochastic indicates an upward trend, this means that the buy investors may likely continue with the bull run and the target price might hit the $0.3500 resistance level soon in its medium-term outlook.
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