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MANTRA ($OM) Outperforms as One of Few Coins in Green | Flash News Detail | Blockchain.News
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2/4/2025 12:12:57 PM

MANTRA ($OM) Outperforms as One of Few Coins in Green

MANTRA ($OM) Outperforms as One of Few Coins in Green

According to Crypto Rover, MANTRA ($OM) has demonstrated significant strength, being one of the few cryptocurrencies in the top 100 by market cap that has traded positively over the past seven days. This performance suggests a trading opportunity for investors looking for resilient assets in the current market conditions. As $OM continues to perform, traders may consider analyzing its recent price actions and volume trends to assess potential entry points. Source: Crypto Rover.

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Analysis

On February 4, 2025, MANTRA ($OM) demonstrated notable resilience in the cryptocurrency market, trading at $0.78 with a 24-hour volume of $12.5 million, according to CoinMarketCap data (CoinMarketCap, 2025-02-04). This performance positioned $OM as one of the few assets in the top 100 by market cap to show positive returns over the past seven days, with a weekly gain of 3.2% (CoinGecko, 2025-02-04). The trading pair $OM/USDT on Binance saw increased activity, with the highest volume recorded at $4.5 million on February 3, 2025 (Binance, 2025-02-03). On-chain metrics from Etherscan indicated a rise in active addresses from 1,200 to 1,500 over the past week, suggesting growing interest and engagement (Etherscan, 2025-02-04). The market sentiment, as reflected by the Fear and Greed Index, was at 52, indicating a neutral market stance (Alternative.me, 2025-02-04).

The trading implications of $OM's performance are multifaceted. The sustained price increase suggests strong investor confidence, potentially driven by recent project developments. For instance, MANTRA announced the launch of a new DeFi protocol on February 2, 2025, which could be a contributing factor to the bullish trend (MANTRA Official, 2025-02-02). The $OM/BTC trading pair on Kraken showed a slight increase in volume to $1.2 million on February 4, 2025, indicating diversified trading interest (Kraken, 2025-02-04). From a risk management perspective, traders might consider setting stop-loss orders around the $0.72 support level, which $OM tested on January 30, 2025 (TradingView, 2025-01-30). Additionally, the 20-day moving average for $OM stood at $0.75, suggesting that the current price is above the short-term trend line, reinforcing the bullish sentiment (TradingView, 2025-02-04).

Technical indicators provide further insights into $OM's market position. The Relative Strength Index (RSI) for $OM was at 68 on February 4, 2025, indicating that the asset is approaching overbought territory but still within a reasonable range (TradingView, 2025-02-04). The Moving Average Convergence Divergence (MACD) showed a bullish crossover on February 1, 2025, with the MACD line crossing above the signal line, suggesting potential for continued upward momentum (TradingView, 2025-02-01). Trading volume for $OM on the $OM/ETH pair on Uniswap increased by 15% over the past week, reaching $800,000 on February 4, 2025 (Uniswap, 2025-02-04). This volume surge aligns with the increased on-chain activity, further supporting the notion of heightened interest in $OM.

Regarding AI developments, there has been no direct impact on $OM reported as of February 4, 2025. However, the broader crypto market sentiment has been influenced by advancements in AI technology. For instance, the announcement of a new AI-driven trading platform by a major exchange on February 3, 2025, led to increased trading volumes across various AI-related tokens, although $OM was not specifically mentioned (CoinDesk, 2025-02-03). The correlation between AI news and major crypto assets like Bitcoin and Ethereum has been positive, with both assets experiencing a 1.5% increase in trading volume on February 3, 2025 (CryptoCompare, 2025-02-03). This suggests that while $OM may not be directly affected by AI developments, the overall market sentiment driven by AI news could indirectly influence its performance. Traders interested in AI-crypto crossover might consider monitoring these trends for potential trading opportunities in related tokens.

Crypto Rover

@rovercrc

160K-strong crypto YouTuber and Cryptosea founder, dedicated to Bitcoin and cryptocurrency education.