CandleFocus Mantra price could go parabolic as its chart resembles Ripple’s XRP
2025-01-16
Author: Content Editor
The article discusses the current price and market outlook for Mantra (OM), a cryptocurrency in the Real World Asset tokenization industry. The price of Mantra has been in a consolidation phase for the past two months, trading at $3.90, which is 15% below its highest level in 2024. The technical analysis suggests that Mantra has formed a bullish pennant pattern similar to Ripple (XRP). If the two lines of the triangle pattern converge, it could indicate a potential price rally for Mantra, with targets at its all-time high of $4.6265 and potentially higher. The price movement of Mantra closely resembles that of XRP, which recently experienced a strong comeback after a consolidation phase. Mantra has several catalysts that could push its price higher, including its high-yielding staking options and its partnership with major real estate companies in the United Arab Emirates and the Middle East.
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