Tag: Altcoin

Mantra (OM) Rally Loses Steam as Whales Start Selling

Mantra’s OM token that gained traction across the market with its 30% spike has fallen off quite quickly and now it stands on a mere $3.81. Major reason for this is whales selling big amounts in such a short time. $1.8M worth of OM hit exchanges, signaling complete sell-offs. Supply on exchanges is up by 10% which means its going for a cooldown. Despite this downfall, OM’s still up 20,000% this year with a $3.8B market cap.

Mantra’s OM, the native cryptocurrency powering Mantra’s ecosystem recently had a uphill ride, but it quickly fell off. Just yesterday, it had a strong rally as it jumped over 30% in just 24 hours. This led it to reach its all time high of $4.52 but the positives end there, right after that it started to dip and is indicating to dip down even further. As of now, it is priced at $3.88 and there is no hint in sight that tells its going to increase.

Whale Sell-Off Behind OM’s Decline

Main reason behind such sharp drop is all thanks to whales who decided to quickly sell off all their tokens. According to a report, between November 14 and 17, the amount of OM being bought and sold fell by 54%, this leads to a drop in the token’s price.

Plus, whales are making big moves with OM, $1.3M went to Binance and $534K to OKX. Furthermore, even more OM tokens are set to be sold as every major owner is hitting exchanges. To be accurate, there’s $1.2T worth of OM chilling on exchanges right now.

OM’s Rally is Still Positive

However, despite this price pullback if we compare it from a year ago, it has risen by nearly 20,000%. It holds the market cap of over $3.8 billion. This rally started back when Mantra hyped a big announcement, but there’s no saying where it will go from here as with 10% more OM on exchanges (17.8% total), an overbought situation is undeniable.

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Notcoin’s 15% Surge Catches Investor Attention – Is More Growth on the Horizon?

Notcoin (NOT) just popped off with its double digit gain by showing a bullish falling wedge pattern on the charts. Tech indicators even suggest that it might be able to hit a consolidating phase soon. This spike doesn’t only point towards strong market vibes but also gives this token NOT, a chance to bounce back from its recent losses.

Notcoin is an altcoin, an emerging cryptocurrency that works on blockchain technology and basically represents a high-risk, high-reward opportunity typical of new or smaller cryptocurrencies. Its token is called NOT and its getting major traction lately.

According to CoinMarketCap’s data, Notcoin is looking over serious gains over the last week. Profits have risen up by almost 10% in seven days and that’s not all as the token’s price surged nearly 15% in the last 24 hours alone. However, despite this price hike only 479k NOT addresses are in profit which is mere 17% of the total number of addresses. But hope is not all gone as analysts believe this trend can most probably change soon.

Reportedly, NOT has just hit a key level after a major price jump. Crypto analyst World Of Charts even pointed out a bullish falling wedge pattern that has been cooking since June, with NOT now consolidating tightly. Clearly NOT is nearing a resistance test and if it manages to break out, it will quickly recover its past losses.

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NOT Price

As of the time of writing NOT token is trading at  $0.00783 with a 24 hour trading volume of $703,986,862. This indicates a 5.91% increase over the past 24 hour and an amazing 40.10% increase over the past week. This sort of increase is rarely seen in any altcoins, also with experts hyping this up, this really might be on verge of its next big surge in the market. It currently has a circulating supply of 100 billion NOT tokens and market cap of about $800 million.

Injective (INJ) Eyes Bold $100 Rally Following Bullish Flag Breakout

Injective (INJ) just blasted out a bullish flag pattern. Its reportedly setting sights on a midterm target of $66 and very soon looks towards going on a solid uptrend. It has already broken above its 200 day moving average. Right now its at a critical $22.5 resistance level and looks to break through it pretty soon which would result in even more gains.

Injective is attracting major attention towards itself with analysts supporting it by highlighting its potential bullish run coming soon. Currently trading at $ 22.7 this cryptocurrency is poised to break above to more high targets, with a midterm price forecast of $66.

One of the crypto analysts , Captain Faibik specially highlighted a bullish flag pattern breakout for injective. Injective had been suffering a constant decline as of recent and usually there is a reversal from a downtrend to an uptrend and recent momentum of it hints on a major breakout. Analysts believe if this continues on we could expect a very nice rally.

Analysts are absolutely hyped up about INJ hitting $66 midterm after breaking out of a bullish flag pattern which is usually a sign of strong accumulation before a big price move. Its getting full support from buyers as well as they are all stepping in which further pushes INJ closer to this target. Analyst Aqua notes that INJ just broke above the 200-day moving average , this is first time since April, which often hints at a trend reversal. Aqua also makes another positive remarks by stating he believes INJ could surge past $100 in the coming months.

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