Talisman, emblemon) is up more than 8% in the past 24 hours, amid broader volatility in the cryptocurrency market.
Mantra Stock Upward Momentum
The Relative Strength Index (RSI) indicates an upward price movement in the neutral zone, indicating a potential overbought.
Additionally, the Moving Average Convergence Divergence (MACD) indicator indicated bullish sentiment as the signal line crossed above the MACD line.
Market sentiment surrounding the Mantra project remains positive, as evidenced by a 7.9% increase in 24-hour trading volume, bringing the total value of OM tokens in circulation to over $50 million. This surge underscores investors’ growing confidence in the project’s growth prospects.
OM Technical Data Signals The asset prices are expected to see further gains in the short term. The 2024 forecast sets a price target of around $1.24, with optimistic scenarios pointing to gains of up to $1.45.
Mantra’s current market cap stands at $703.4 million, backed by a circulating supply of 831.3 OM tokens. These numbers underscore MANTRA’s strong foundation for sustainable growth in the cryptocurrency market.
At the time of writing, MANTRA (OM) is trading at $0.8575, representing a gain of over 22% over the past 14 days, according to CoinGecko data.
Multiverse defies downward trends
MultiverseX (EagledElrond (Blockchain.Elrond), the native token of the Elrond blockchain, is priced at $33.5, up 3.5% in the past 24 hours.
The token maintains a market cap of $921.68 million and a robust daily trading volume of over $45 million.
Moving averages are still pointing up, with the 50-day and 200-day moving averages crossing the current price. However, the Relative Strength Index (RSI) is overbought, suggesting a possible consolidation or correction in the short term.
In related news, there are several factors responsible for the recent price declines recorded by Bitcoin (BTC) and other established crypto assets.
According to crypto.news, the German government liquidated more than 50,000 BTC that were confiscated from the illegal online piracy platform Movie2k several years ago.
The sale began on June 19, with 1,500 BTC being moved to exchanges like Coinbase, Bitstamp, and Kraken.
Over the past month, the government has sold more than 3,000 bitcoins, worth about $172 million, in multiple transactions. The German government still holds 46,356 bitcoins, worth about $2.6 billion at current prices.
However, recent reports indicate a temporary halt in Bitcoin sales by the German government. On-chain analysis reveals no further transfers from the government-linked wallet to exchanges in the past week.
At the time of publishing, Bitcoin (BTC) is hovering around the $57,754 area, which represents a 5.2% decline this week.