CandleFocus

Mantra price chart pattern points to a strong breakout soon

Author: Content Editor
The Mantra (OM) token has experienced a 30% drop from its all-time high, entering a local bear market. However, its decline is relatively minor compared to its remarkable performance this year, with a 10,758% jump. Mantra has gained popularity among yield-focused investors due to its 30% yield, surpassing other cryptocurrencies like Ethereum and Solana. The token's surge is attributed to its aim of disrupting the Real World Asset tokenization industry, which has a potential worth of trillions of dollars. Mantra hopes to become the blockchain used for this tokenization. Technical analysis suggests a potential bullish breakout, with the price forming a golden cross pattern and a bullish flag chart pattern. If the breakout occurs, the next resistance level to watch is at $4.5150, while a drop below $3 could indicate further downside.

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