OM, the native token of the real-world asset (RWA) Layer-1 (L1) blockchain Mantra, has reached a new all-time high, currently trading at $1.45. This surge represents a significant 7% price increase in the past 24 hours, accompanied by a remarkable 78% rise in trading volume, totaling $40 million.
OM has defied the broader market trend, maintaining an upward trajectory even as the wider market has faced declines in recent weeks. As a result, its price has skyrocketed by 63% over the past 30 days.
At its current value, OM’s price sits significantly above its 20-day exponential moving average (EMA), which measures its average trading price over the past 20 trading days. This is a bullish signal, highlighting the high demand for OM.
If an asset’s price remains consistently above the 20-day EMA, buyers are in control, and the asset is in an uptrend. Some traders may see this as a signal to buy, anticipating further price increases.
Source: TradingView
