Mantra (OM) Surges 10% in a Week, Ready to Break a New Record High!

Jakarta, Pintu News – In the past week, Mantra (OM) recorded a gain of more than 10%, making it the second largest Real World Asset (RWA) coin by market capitalization. Currently, with a market capitalization of around $6.8 billion, OM is showing strong momentum and attracting attention in the RWA space.

Technical indicators are giving mixed signals, but the bullish Ichimoku Cloud structure gives market participants hope to see if OM can continue its rally and print new record highs.

Mantra Relative Strength Index Returns to Neutral

Mantra’s Relative Strength Index (RSI) is now at 57.89, indicating that OM has been above the neutral threshold since March 15. The RSI briefly touched 72.51 yesterday, indicating that OM had almost entered the overbought zone before finally pulling back slightly.

This suggests that OM has been in a bullish phase, with momentum tending to favor buyers in recent days. OM’s ability to stay above the 50 mark shows market strength that should not be ignored. Analysts and investors continue to monitor this indicator to make informed investment decisions, given the importance of the RSI in assessing an asset’s overbought or oversold condition.

Also Read: CryptoQuant CEO Ki Young Ju’s Warning Against Crypto Market End of March 2025

Ichimoku Cloud Structure Spells Bullish Setup

On the Ichimoku Cloud chart, Mantra is showing a bullish structure. The OM price is currently trading above the cloud, signaling that the overall trend is still positive. This reinforces Mantra’s position as one of the largest RWA coins on the market. In addition, the cloud ahead has turned green, indicating that if this structure holds, future momentum will likely continue to favor buyers.

This prediction gives hope to investors who have invested their funds in Mantra. With a stable and bullish structure, OM has the potential to continue rising in the long run, providing significant returns for its holders.

Potential Spells to Score New Record Highs in March

Mantra’s EMA line suggests that a golden cross may be forming soon, which would strengthen the bullish outlook. If this pattern is confirmed and Mantra can return to the strong trend seen in the previous months, OM could break the resistance levels at $7.39 and $8.16.

A break above this area could allow OM to test price levels above $9 for the first time, potentially setting a new record high and possibly making OM surpass Chainlink as the RWA coin with the largest market capitalization.

Conclusion

With various technical indicators in its favor, Mantra (OM) shows great potential to not only continue its rise, but also to reach new peaks in its history. Investors and analysts will continue to monitor these developments, as OM seeks to strengthen its position in the RWA market.

Also Read: When will Chainlink (LINK) reach $24? Check out the prediction! Here’s LINK’s Technical Analysis!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Mantra OM Surges, Becomes Second Biggest RWA Coin. Accessed on March 20, 2025
• Featured Image: Medium