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The MANTRA price surged 16% in the last 24 hours to trade at $1.066 as of 03:44 a.m. EST on trading volume that skyrocketed 245% to $101 million.
MANTRA Price Set To Soar Over The Bullish Pennant
Since mid-April, the MANTRA price has been trading within a consolidation channel, ranging between $0.060 and $0.80. In June, the OM bulls won the struggle for dominance, pushing the price through a markup phase to overcome the $0.87 resistance, according to data from GeckoTerminal.
The MANTRA price has been fluctuating within a bullish pennant, which allowed the bulls to push the token above the pennant, pushing it to a new all-time high (ATH) of $1.09.
OM still trades well above both the 50-day and 200-day Simple Moving Averages (SMAs), affirming the bullish upside potential.
Moreover, the Relative Strength Index (RSI) trades at 67, moving up towards the 70-overbought region. If the bulls sustain the bullish stance, the RSI can soar past the 70-overbought zone, a signal of intense buying pressure.
The Moving Average Convergence Divergence (MACD) is also bullish, with the blue MACD line crossing over the orange signal line, forming a bullish crossover. With the bullish crossover, investors could position themselves for more buying positions, which could push the token higher.
The green bars on the histogram are starting to form over the neutral line, which shows that MANTRA is on a positive momentum.
MANTRA Price Prediction
The MANTRA price technical analysis shows that OM is set to soar to a new ATH in a few days, having breached the upper boundary of the bullish pennant pattern, with the bulls aiming for a new ATH at $0.18.
The major technical indicators support the general bullish prospects, with the RSI and MACD showing that the asset is highly overbought. Furthermore, the 50-day SMA crosses above the 200-day SMA, forming a golden cross around $0.71, further supporting the prolonged bullish stance.
However, the RSI and the MACD indicate that the asset is highly overbought, which may prompt an incoming price correction. In such a scenario, $0.92 acts as the immediate support zone, coinciding with the 50-day SMA.
Meanwhile, as the OM price soars, investors are flocking to the 99Bitcoins crypto presale, which has just blasted past $2 million in funds raised.
99Bitcoins Presale Blasts Past $2 Million – Best Crypto To Buy Now?
Since its inception in 2013, 99Bitcoins (99BTC) has been a pillar of crypto education. The platform has over two million registered users for its courses and more than 700,000 subscribers on its YouTube channel.
Now 99Bitcoins is fueling a groundbreaking learn-to-earn (L2E) model with the launch of of its token, 99BTC. The project is gamifying crypto education by allowing users to tackle challenges and complete lessons to earn higher rankings and rewards through $99BTC tokens.
What is Spatial Computing? Discover how #Blockchain is transforming AR/VR, making immersive digital worlds more interactive and secure.
Dive deeper: https://t.co/2hlZYRFHBv#99BTC #SpatialComputing #Web3
— 99Bitcoins (@99BitcoinsHQ) April 8, 2024
99BTC is set to migrate to the BRC-20 token standard in the third quarter of this year, which will further enhance its appeal.
Introducing $99BTC on BRC-20! 🎓
Since 2013, #99Bitcoins has been the go-to resource for learning about #Cryptocurrency.
We're launching a platform that enables the building of #dApps on top of the #Bitcoin network!💡#LearnToEarn rewards users on the Bitcoin blockchain.🙌
— 99Bitcoins (@99BitcoinsHQ) April 30, 2024
Token holders have the opportunity to earn passively through the project’s staking model, which offers an impressive 820% annual percentage yield (APY).
According to Jacob Bury, a prominent crypto analyst on YouTube, the 99Bitcoins token could potentially surge 10X after its launch.
You can buy $99BTC tokens for $0.00108 each. With a price hike coming in less than 22 hours, buy soon to lock in the best deal.
To join the presale, buy $99BTC from the official website here using ETH, USDT, or a bank card.
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