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June 16, 2024
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Altcoins Display Acute Strength: Mantra (OM) Price Reaches Highs While Oasis (ROSE) Record Huge Gains

The post Altcoins Display Acute Strength: Mantra (OM) Price Reaches Highs While Oasis (ROSE) Record Huge Gains appeared first on Coinpedia Fintech News

The previous week was not up to par as the token did not achieve the desired levels, which led to a sluggish close. Despite this, some of the altcoins managed to start the week’s trade on a bullish note. Among them are Mantra (OM) and Oasis (ROSE), which have made up the top performers lists for the day. 

Mantra (OM) Price Analysis: Will the Rally Sustain Above $1?

After withstanding bullish pressure for more than 20 months, the Mantra price has triggered a strong ascending trend since the start of the year. Since then, the price has surged close to 2000% and surpassed the $1 milestone to mark a new ATH at $1.09. The momentum remains with the bulls and hence the rally could discover new highs in the coming days. 

As seen in the above chart, the OM price has been maintaining a steep ascending trend with a huge increase in volatility & volume. The bulls may maintain acute strength regardless of reaching new highs that indicate a new ATH may be on the horizon. The DMI, which was about to turn bearish, flipped to bullish while the RSI remained within the bullish range. Therefore, the Mantra price is believed to reach 1.2 FIB levels at $1.32, forming new highs. 

Oasis (ROSE) Price Analysis: ROSE Price Eyes at Another 10% Rise

Oasis price has been consistently high in the past few days, due to which the platform’s volume also rose to some extent. With this, the price continued its trade within the rising parallel channel and is about to test the upper resistance of the channel. Hence, if the ascending trend materialises, then the ROSE price may rise and enter the crucial resistance zone. 

With the latest price action, the ROSE price has soared above the 200-day MA level, which offers a strong base at the moment. Besides, the RSI maintains a strong ascending trend, due to which the price is believed to maintain a healthy ascending trend. Therefore, the ROSE price is expected to break above the upper resistance of the channel and enter the crucial resistance zone between $0.133 and $0.138. 

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