OM, the native token of the real-world asset (RWA) Layer-1 (L1) blockchain Mantra, has reached a brand new all-time excessive, at present buying and selling at $1.45. It has seen a 7% value enhance up to now 24 hours, throughout which its buying and selling quantity surged by 78% to complete $40 million.
OM has defied the broader market development, sustaining an upward trajectory at the same time as the broader market has confronted declines in current weeks. In consequence, its value has skyrocketed by 63% over the previous 30 days.
At its present worth, OM’s value sits considerably above its 20-day exponential shifting common (EMA), which measures its common buying and selling value over the previous 20 buying and selling days. This can be a bullish sign, highlighting the excessive demand for OM.
If an asset’s value stays persistently above the 20-day EMA, patrons are in management, and the asset is in an uptrend. Some merchants might even see this as a sign to purchase, anticipating additional value will increase.
Disclaimer
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