{"id":14675,"date":"2025-02-24T12:17:09","date_gmt":"2025-02-24T12:17:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=14675"},"modified":"2025-02-24T12:17:09","modified_gmt":"2025-02-24T12:17:09","slug":"is-mantra-om-headed-for-another-rally-after-hitting-a-new-ath-analysts","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=14675","title":{"rendered":"Is Mantra (OM) Headed for Another Rally After Hitting a New ATH? (Analysts)"},"content":{"rendered":"<div>\n<p><strong>TL;DR<\/strong><\/p>\n<ul>\n<li><span data-preserver-spaces=\"true\">Despite a broad market downturn with major altcoins like XRP, DOGE, and SOL suffering steep losses, MANTRA (OM) has surged by double digits over the last week.<\/span><\/li>\n<li>While bullish voices advocate for a \u201cbuy and hold\u201d strategy, the RSI rising above 70 signals a possible pullback.<\/li>\n<\/ul>\n<h2><span data-preserver-spaces=\"true\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM_CB.jpg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-384649\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM_CB.jpg\" alt=\"\" width=\"1201\" height=\"720\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM_CB.jpg 1201w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM_CB-300x180.jpg 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM_CB-1024x614.jpg 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM_CB-768x460.jpg 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM_CB-50x30.jpg 50w\" sizes=\"auto, (max-width: 1201px) 100vw, 1201px\"><\/a><\/span><\/h2>\n<h2>\u2018Just Buy It and Hold It\u2019<\/h2>\n<p><span data-preserver-spaces=\"true\">The cryptocurrency market has been <a href=\"https:\/\/cryptopotato.com\/these-altcoins-bleed-out-as-bitcoin-btc-loses-96k-level-market-watch\/\" data-wpel-link=\"internal\">bleeding<\/a> heavily in the past several days, with numerous leading altcoins charting substantial losses. Ripple\u2019s XRP, for instance, has tumbled by over 7% weekly, Dogecoin (DOGE) has dropped by 10%, while Solana (SOL) has collapsed by 12%.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">However, it\u2019s not all doom and gloom, and a few assets remain in green territory. One example is MANTRA (OM), whose price has increased by 12.5% on a seven-day scale. It hit a new all-time high of almost $8.90 (per CoinGecko\u2019s data) on February 23, whereas it currently trades at roughly $8.44.<br \/>\n<\/span><\/p>\n<figure id=\"attachment_384648\" aria-describedby=\"caption-attachment-384648\" style=\"width: 572px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-384648\" src=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM.png\" alt=\"OM Price\" width=\"572\" height=\"400\" srcset=\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM.png 1047w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM-300x210.png 300w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM-1024x716.png 1024w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM-768x537.png 768w, https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM-50x35.png 50w\" sizes=\"auto, (max-width: 572px) 100vw, 572px\"><\/a><figcaption id=\"caption-attachment-384648\" class=\"wp-caption-text\">OM Price, Source: CoinGecko<\/figcaption><\/figure>\n<p><span data-preserver-spaces=\"true\">One factor potentially contributing to OM\u2019s recent rally could be MANTRA\u2019s expansion in the Middle East. Several days ago, the entity <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/cryptopotato.com\/mantra-secures-a-license-from-dubais-vara-to-operate-as-a-virtual-asset-exchange\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span data-preserver-spaces=\"true\">obtained\u00a0<\/span><\/a><span data-preserver-spaces=\"true\">a Virtual Asset Service Provider (VASP) license from Dubai\u2019s dedicated regulator overseeing crypto operations.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">OM\u2019s price rally has <\/span><span data-preserver-spaces=\"true\">been widely discussed<\/span><span data-preserver-spaces=\"true\"> on crypto X, with numerous industry participants predicting further gains <\/span><span data-preserver-spaces=\"true\">in the near future<\/span><span data-preserver-spaces=\"true\">. Altcoin Sherpa recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/AltcoinSherpa\/status\/1893478716400967710\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">claimed<\/span><\/a><span data-preserver-spaces=\"true\"> the asset \u201chas been easy to trade,\u201d suggesting that investors should \u201cjust buy it and hold it.\u201d<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Ali Martinez also weighed in. On February 23, he <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1893608490368713038\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">maintained<\/span><\/a><span data-preserver-spaces=\"true\"> that OM is \u201cbreaking out of a bullish flag, with a potential target of $10.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">It is worth mentioning that Martinez touched upon the matter again on February 19. Back then, he <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/ali_charts\/status\/1892109362790871184\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">envisioned<\/span><\/a><span data-preserver-spaces=\"true\"> a potential pullback, citing the formation of a sell signal on the 3-day chart. <\/span><span data-preserver-spaces=\"true\">However<\/span><span data-preserver-spaces=\"true\">, in the following days<\/span><span data-preserver-spaces=\"true\">, OM\u2019s price kept surging to the <\/span><span data-preserver-spaces=\"true\">aforementioned peak<\/span><span data-preserver-spaces=\"true\">.<\/span><span data-preserver-spaces=\"true\">\u00a0<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">The Bearish Scenario<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">People contemplating whether now is the right time to hop on the OM bandwagon should <\/span><span data-preserver-spaces=\"true\">keep in mind<\/span><span data-preserver-spaces=\"true\"> some important factors. First, they must consider the current status of the crypto market, which has lately been in decline. A further collapse of the industry may have a domino effect and negatively impact the valuation of OM, too.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Next on the list is the Relative Strength Index (RSI). This technical analysis tool measures the speed and change of price movements to help traders identify potential reversal points. It varies from 0 to 100, with readings above 70 suggesting that the asset has entered overbought territory and could be due for correction. OM\u2019s RSI recently <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/www.cryptowaves.app\/relative-strength-index\/om\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"external\"><span data-preserver-spaces=\"true\">surpassed<\/span><\/a><span data-preserver-spaces=\"true\"> the bearish zone and is currently <\/span><span data-preserver-spaces=\"true\">set<\/span><span data-preserver-spaces=\"true\"> at around 65.<\/span><\/p>\n<p>The post <a href=\"https:\/\/cryptopotato.com\/is-mantra-om-headed-for-another-rally-after-hitting-a-new-ath-analysts\/\" rel=\"nofollow\">Is Mantra (OM) Headed for Another Rally After Hitting a New ATH? (Analysts)<\/a> appeared first on <a href=\"https:\/\/cryptopotato.com\/\" rel=\"nofollow\">CryptoPotato<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Despite a broad market downturn with major altcoins like XRP, DOGE, and SOL suffering steep losses, MANTRA (OM) has surged by double digits over the last week. While bullish voices advocate for a \u201cbuy and hold\u201d strategy, the RSI rising above 70 signals a possible pullback. \u2018Just Buy It and Hold It\u2019 The cryptocurrency [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-14675","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14675"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/14675\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}