CandleFocus Mantra price prediction: Here’s why OM crypto has jumped to ATH
2025-01-26
Author: Content Editor
Mantra (OM) price has surged to a crucial resistance level at $5, reaching an all-time high. The coin has seen significant growth, with its market cap increasing from $125 million to over $4.7 billion in just one year. OM has experienced a bull run, rising from $0.0182 in December 2023 to $5.07 on Sunday. The coin's price breakout followed a consolidation phase and a bullish pennant chart pattern. Mantra's price has remained above moving averages, indicating investor control, and it is approaching the overshoot point at $5.0781. The RSI and PPO indicators continue to rise, suggesting further price increases with a target of $10. The surge in Mantra's price can be attributed to its high staking yields, as well as Blackrock's push for tokenized bonds and stocks. Mantra is also involved in the RWA tokenization industry and has partnered with DAMAC, a real estate company, to offer tokenization services for assets worth over $1 billion. With strong on-chain metrics and an increasing number of investors, the future looks promising for Mantra.
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