Mantra (OM) Crypto Price Prediction: Will the Bulls Push OM Price to $1 Mark?

This week’s top 5 crypto gainers are Mantra, MultiversX, Tron, Tether Gold, and Toncoin. These cryptocurrencies have remained bullish

The cryptocurrency market has experienced a downturn in recent times, with most digital assets trading in the red. However, a few cryptocurrencies have managed to remain bullish and post gains this week.

Top crypto gainers this week are Mantra (OM), MultiversX (EGLD), Tron (TRX), Tether Gold (XAUt), and Toncoin (TON).

Among the top crypto gainers, Mantra (OM) has gained 16.60% this week and remained at the top. The price of OM has surged and risen by 7.23% in a few hours. If the current candle closes over the 20-day EMA, it may soon approach the $1 mark.

On the other hand, if the OM crypto price slips below the 20-day EMA and sustains, bears may become confident. Suppose the price starts trading below the major support level of $0.650, sellers may eye the 200-day EMA level.

MultiversX Price Technical Chart Overview

EGLD Crypto traded at $33.28 at press time, which remained almost constant for the past 24 hours. Its market capitalization was $909.37 Million, and the 24-hour trading volume was $67.52 Million.

After a continuous fall of 55% for 2 months, the digital asset price has formed a base at the $28 mark. It has surpassed the 20-day EMA and has risen by 25% in less than 2 days.

Buyers may lead the trend if the price is sustained over the 20-day EMA. The price over the 200-day EMA may attract big players, resulting in a trend reversal.

On the other hand, if the MultiversX price slips below the 20-day EMA, sellers may continue the bearish trend after a bearish pullback. The EGLD price below $23 might attract sellers and create intense selling pressure.

Tron Price Has Formed a Descending Triangle Pattern

The TRX crypto price has formed a descending triangle pattern in a daily time frame and triggered a breakout. After the breakout, the price retested the 20-day EMA and rose by 6% in a few hours.

The Tron price over the 20-day EMA may remain bullish and approach the $0.150 level in the next few days. Alternatively, if the digital asset price starts trading below the 20-day EMA, sellers might attack like an opportunity, resulting in a weakness.

Tether Gold Price is Bullish; All-time High Soon?

At press time, the Tether Gold traded at $2391.00 with a neutral momentum in the past 24 hours. The market capitalization was $589.63 Million, and the 24-hour trading volume was $3.99 Million.

The XAUt crypto price has been bullish and increased by 16.87% this year. The price is about to hit the $2400 hurdle at the time of writing.

If the price surpasses the $2400 mark, it may record a new all-time high. Alternatively, sellers may dominate further if the price faces resistance from the $2400 and falls.

Toncoin Price Has Shaped Hammer Candlestick at Higher Low

In a daily time frame, the TON crypto price formed a hammer candlestick pattern on the higher low and rose by 4.59% in a few hours.

If the current candle closes over the 20-day EMA, it may easily generate a new higher high. By contrast, sellers may keep dominating further if the price fails to surpass the 20-day EMA.

Conclusion

The top 5 crypto gainers are OM, EGLD, TRX, XAUt, and TON, which have performed positively in a bear market this week. Most of these cryptocurrencies are in favor of bullish forecasts. The Mantra price has surged by 19.01% this week and has remained the top gainer, followed by MultiversX, Tron, Tether Gold, and Toncoin.

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

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