$OM, the token of Real World Assets project MANTRA, ranks fourth in the list of altcoins that are expected to hit new all-time highs. This is not the first time that OM has made the list, as the token was mentioned back in August.
At press time, the price of OM is $1.23, down 13% from its all-time high of $1.42. From a technical perspective, the token could be heading towards $1.50, mainly influenced by the exponential moving averages (EMAs) and the upcoming MANTRA mainnet release.
As shown in the chart, the 20 EMA (blue) crossed the 50 EMA (yellow) on September 12, and this golden cross signaled a bullish trend for the altcoin. If this trend continues, the price of OM is expected to break the $1.29 resistance and rise 22% to $1.50 on the $1.22 support.
However, if the EMA positions change and the longer EMA is on the leading foot, the altcoin may not hit new all-time highs. If this happens, MANTRA’s price could retrace to $1.05.
