Can OM Break $0.3111? Technical Setup Aligns With $4T Crypto Market Surge
The broader cryptocurrency market has entered a new phase of bullish momentum as CoinGecko reports the total market capitalization has crossed the $4 trillion threshold for the first time.
That landmark moment signals a renewed wave of investor confidence, deeper liquidity, and stronger institutional participation — a backdrop that could fuel upward moves in altcoins like Mantra (OM).
OM Price Action Shows Resilient Bullish Trend
The daily chart for the altcoin reflects a steady bullish bias, with recent closes consistently holding above both the short- and medium-term moving averages.
Daily chart for OM/USD (Source: GeckoTerminal)
That positioning highlights buyers’ ability to defend higher ground even in the face of minor pullbacks. Momentum indicators remain in favorable territory, showing an uptrend that has not yet reached overextended conditions, suggesting more room for price appreciation.
Key Resistance and Support Levels to Watch
The first major test for the crypto lies at $0.3111. A confirmed breakout here could pave the way toward $0.3576, with the ambitious $0.4225 level becoming a possible medium-term target if bullish momentum accelerates.
On the downside, initial support rests at $0.2353, followed by deeper safety nets at $0.2007 and $0.1974. A breach of these supports would mark a significant shift in sentiment and could invite heavier selling pressure.
Also read: Top Altcoins Under $1 to Invest In
Order Book Signals Potential Big Moves
Order book analysis reveals a modest ask wall at $0.2813, which could create short-term resistance but would only yield around a 1% gain if cleared. The real breakout potential lies at the $0.4000 ask wall — surpassing it could trigger a rally of over 40% toward the next resistance.
On the flip side, substantial bid walls at $0.2140, $0.2000, and $0.1950 act as critical defenses. If the $0.1950 wall collapses, the crypto risks a sharp near-30% decline, making it a crucial level for risk management.
Trading Strategies for Bulls and Bears
For bullish traders, a confirmed break above $0.3111 could offer attractive long entry opportunities, targeting $0.3576 and eventually $0.4000. Stop-loss levels could be placed just below $0.2800 to protect against sudden reversals.
Also read: Altseason Awakening? Altcoin Market Signals Point to Possible Breakout
Bearish traders may look for strong rejection candles near resistance zones, especially at $0.3576, with potential profit-taking levels at $0.2353 or $0.2140 for more aggressive short positions.
Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.
