MANTRA (OMUSD) Price Forecast: February 9
The MANTRA (OMUSD) price is likely to increase more and is a good chance for long-term investors. Having done with the downward correction, the crypto might likely continue its upside move if the current support at $0.1476 value holds, and the 4-hour chart closes above the $0.1742 resistance level, then there is a high probability of the price going up to its recent swing high, which is $0.1913 resistance trend line, resulting to a sustainable growth and the best crypto signals for holders
Key Levels:
Resistance Levels: $0.1300, $0.1400, $0.1500
Support Levels: $0.0800, $0.0700, $0.0600
OM (USD) Long-term Trend: Bullish (4H Chart)
The MANTRA pair is set to increase more in its higher time frame as can be seen from the chart below. The price is currently recovering and trades above the moving averages. This is an indication of an uptrend.
The bullish reversal at the $0.1554 high value in the previous action has sustained the crypto above the trend line in its recent high.
As a result of price rejection in the previous action, buyers have been able to push the price of OMUSD higher to a $0.1565 high level above the moving average lines as the 4-hour session opens today as it journeys up north. More increases are possible if the bulls can put extra effort into the price action.
Notably, the momentum indicator pointing upwards suggests the continuation of the bullish trend. The price of MANTRA might increase more to retest the previous high of $0.1913 value which can further extend to the $0.2000 upper resistance value in the coming days in its long-term outlook.
OM (USD) Short-term Trend: Bullish (1H Chart)
The 1-hour chart of OMUSD also suggests that the price will increase more as the bulls are seen clustered around the market with a bullish posture in its short-term outlook.
The increase in the momentum by the bulls at the $0.1505 supply value during yesterday’s session has enabled the MANTRA price to stay above the resistance lines in its recent high.
The market price of OMUSD has just broken up the EMA-50 at the $0.1565 supply level as the 1-hour chart opens today. This will give the crypto a high tendency to increase further.
Furthermore, the daily stochastic signals an uptrend, if the bulls could push harder and sustain the coin price above the $0.1913 previous high, the resulting rally may surpass the $0.1800 level and hit the $0.2000 psychological level at the upside as the MANTRA price increase more in the days ahead in its short-term perspective.
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