.jpg)
join us cable A channel to stay up to date with breaking news coverage.
Mantra price is up 9% in the last 24 hours. Trading at $0.9967 As of 7:30 a.m. ET, trading volume was up 95% to $21 million.
Mantra Price Faces Resistance: Can Bulls Continue Momentum?
The OM/USD chart on the 1-hour time frame is showing a strong bullish structure, highlighted by a parabolic price action that took the asset from the support area at around $0.85 to the current consolidation level near $0.9967.
This sharp rise came after a major breakout and was driven by a bullish cross between the 50-period simple moving average at $0.93 and the 200-period simple moving average at around $0.91, often referred to as a “golden cross.”
This crossover indicates a shift in market momentum, showing that the short-term trend has gained strength over the long-term trend, often paving the way for a continued upward move.
OMUSD Analysis Source: Dextools.io
The price is currently consolidating just below the $1.00 level, indicating a pause in the market as buyers and sellers struggle to gain control. This consolidation phase is very important because it often precedes a breakout or breakdown, which determines the next direction of the trend.
The MACD indicator indicates that momentum is still in favor of the bulls, with the MACD line above the signal line and a positive histogram, although the bars are starting to shorten, indicating a possible slowdown in the bullish momentum.
The Relative Strength Index (RSI) is at 66.57, approaching but not yet in the overbought zone, indicating that there is still room for an upward move.
However, traders should be careful as the buying pressure may ease when the RSI reaches the 70 overbought zone.
Mantra Price Prediction
The current consolidation near $0.9967, below the $1.00 psychological level, suggests that the market is at a critical juncture.
With the strong bullish momentum from the recent parabolic move and the golden cross between the 50 and 200 period simple moving averages, the possibility of a continuation of the uptrend looks favorable.
If the price manages to break above the $1.00 resistance level with strong volume, we could see additional upside, which could target the next important resistance levels around $1.05 and beyond.
Conversely, if the price fails to break above the consolidation zone and selling pressure increases, a short-term pullback is possible, with support likely near the 50-period simple moving average around $0.93.
This will allow the market to calm down and reset before making another attempt at higher levels.
Crypto All-Stars Initial Sale Heads Towards $1 Million: Is It The Best Meme Coin To Buy Now?
As the price of mantra rises, Crypto Stars (STARS) The ICO is on track to raise $1 million. According to Jacob Perry, a top crypto YouTuber with over 42,000 subscribers, $STARS has the potential to surge 10x after launch.
Crypto All-Stars is making headlines as the world’s first MemeVault ecosystem, bringing together the best meme coins on one platform. The innovative project is the first of its kind, offering the ability to stake multiple meme coins across different blockchains through a unified stake protocol.
At the heart of Crypto All-Stars is MemeVault, a revolutionary trading platform where meme coin holders can stake their assets to earn $STARS tokens, creating a collaborative and rewarding environment.
AI Sentiment Analysis Report!
Title: This Meme Coin Project Will Earn 100x (Plus 5000% Work Points!!!) Precious Crypto Stars Presale
By: 99Bitcoins👍👍👍:
1. Cryptocurrency Stars
2. Meme Volt
3. Shiba Inu
4. Turbo code pic.twitter.com/yd2Wucmc9d— Aloha Trade (@TradeByAloha) August 14, 2024
The platform currently supports popular meme coins such as Dogecoin, Peppe Coin, Shiba Inu, Floki Inu, Brett, Mog Coin, Milady Meme Coin, Turbo, Toshi, Coq Inu, and Bonk, with more meme coins to be added in the coming months.
If you are interested, you can buy and stake $STARS, which offers an annual return (APY) of 1,536%.
$STARS is currently selling for $0.0014191, but with a price increase coming in less than 19 hours, buy now to get the best deal.
Buy $STARS from their official website here using BNB, USDT or bank card.
Related Articles
Most Searched Cryptocurrency Launched – Pepe Unchained
- Layer 2 meme coin ecosystem
- Featured on Cointelegraph
- SolidProof and Coinsult audited
- Participation Rewards – pepeunchained.com
- Over $10 Million Raised in ICO – Ends Soon
join us cable A channel to stay up to date with breaking news coverage.
