Altcoins News
By Pankaj K
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Strong Upward Momentum. The price surge signals that bullish sentiment is prevailing in the market, with both retail and…
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Whale Activity Drives the Surge. A major contributing factor to this bullish momentum has been the rise in whale activity.
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Technical Indicators Suggest Room for Growth. Despite the rapid price increases, Mantra's technical indicators suggest that there could still be…
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Key Support and Resistance Levels. As Mantra approaches its crucial support level at $7.
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Conclusion. Mantra (OM) has shown tremendous growth in the last 30 days, fueled by increased whale activity…
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Mantra (OM) has been on an impressive uptrend, gaining 103.37% over the last 30 days. The cryptocurrency hit a new all-time high (ATH) of $7.
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A major contributing factor to this bullish momentum has been the rise in whale activity. According to analysis from AMBCrypto, whale activity on the OM network has spiked by…
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Notably, there has been a notable outflow of Mantra from exchanges, which suggests that whales are accumulating the asset in anticipation of future price increases.
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Despite the rapid price increases, Mantra's technical indicators suggest that there could still be room for further growth before any significant correction takes place.
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Additionally, the Market Value to Realized Value (MVRV) ratio for long-term holders (LTHs) has risen from 117% to 131% in just one week.
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As Mantra approaches its crucial support level at $7.6, all eyes are on whether it can break through this level and continue its rally to new heights. A daily close above $7.
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On the other hand, if a market correction takes place at this level, the price could retrace toward $6.80.
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Mantra (OM) has shown tremendous growth in the last 30 days, fueled by increased whale activity and strong bullish sentiment among investors.
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