![MANTRA [OM] – Up by 20x since March, altcoin’s subsequent step shall be…](https://webtradetalk.com/wp-content/uploads/2025/02/OM-Featured-1000x600.webp.webp)
- MANTRA is up by near 20x since March 2024
- Altcoin’s newest breakout might push it to $6.5, earlier than shifting to a consolidation section
Actual-world asset tokenization platform (RWA) MANTRA [OM] has secured a cope with Dubai developer DAMAC to tokenize property within the Center East. The deal is reportedly price a minimum of $1 billion and went by within the first week of January.
Nonetheless, a worth hike didn’t instantly comply with the deal’s announcement. Quite the opposite, quick ahead three weeks and shortly, OM did hit a brand new all-time excessive. It climbed to an ATH of $5.96, earlier than receding by 11% over the previous couple of hours.
Consolidation, breakout, retest, and on to new highs
Supply: OM/USDT on TradingView
With a $5 billion market cap, the token is classed as a comparatively large-cap token. The rise of MANTRA in current months has been explosive and sustained. In actual fact, since March 2024, OM is up by near 20x. It has outperformed a overwhelming majority of the market, sustaining its uptrend over the previous 12 months.
This efficiency has been commendable, particularly for the reason that altcoin was extremely risky final March, in addition to over the previous month. The previous few weeks noticed a spread formation between $3.5 and $4.33. The breakout past the highs on 26 January was adopted by a retest and a sustained rally.
The Fibonacci extension ranges confirmed that the following targets are $6.56 and $7.82. Following the breakout, the A/D indicator crept greater to point out elevated shopping for quantity. The MACD additionally famous sturdy bullish momentum on the every day chart.
Supply: Coinglass
Alongside the worth, the Open Curiosity has steadily elevated too, particularly since November. The OI went from $46 million in mid-November to $434 million on 31 January. The consolidation section in current weeks was accompanied by a pullback in OI.
Learn MANTRA’s [OM] Worth Prediction 2025-26
The OI growth highlighted sturdy speculative curiosity. It’s more likely to recede in case OM struggles to keep up its present upward momentum. The OI developments, particularly on the decrease timeframes, is usually a great tool to grasp market sentiment and bullish conviction.
Disclaimer: The knowledge introduced doesn’t represent monetary, funding, buying and selling, or different sorts of recommendation and is solely the author’s opinion
