MANTRA Crypto Rallies 37% After OM Token Swap Completed!
Jakarta, Pintu News – Mantra recorded an impressive rally of 37% after its recent launch, with the token quickly catching the attention of investors. Having completed the exchange of OM tokens at a 1:4 ratio, the altcoin received a strong market response.
By March 4, MANTRA had risen significantly, indicating positive momentum for the crypto asset.
OM Token Redemption Completed
On Tuesday, the Mantra team announced that the OM token exchange has been completed, with 1 OM being exchanged for 4 MANTRA tokens. The new token was officially launched today on a number of major centralized exchanges (CEXs), including Binance.
With a total supply of 7.055 billion MANTRA tokens, only 67.51% of the supply-about 4.763 billion tokens-is currently circulating in the market. The launch and swap process has received a positive response from investors, while MANTRA’s presence on Binance also strengthens the credibility aspect and adds liquidity to the newly launched altcoin.
Mantra’s launch was also supported by relatively consistent buying pressure, reflected in the Money Flow Index (MFI) indicator. While the MFI did show a slight dip in bullish momentum, it quickly recovered as demand continued to push prices upwards. This indicates that investor interest in MANTRA is still high, which is important to keep the price trend positive in the early phase of the launch.
However, the signal from MFI also confirms that a sustained rally still requires consistent bullish momentum. While the altcoin’s early performance has been strong, its continued momentum will depend on continued support from retail and institutional investors to avoid a potential market reversal.
MANTRA Price Increase Continues
As of March 4, MANTRA was trading at $0.023, up 37% from its launch price. The token’s initial rise was strong, but trading volumes began to show a gradual decline in buying impulse.
Read also: Bitcoin Price Explodes to $72,000 Today: Bullish Structure Starting to Build BTC Momentum?
Although the opening rally was positive, continued volume weakness could potentially limit room for further growth.
However, if the bullish momentum strengthens again, MANTRA has a chance to break the $0.024 area and test the resistance level at $0.026, which is in line with the 123.6% Fibonacci extension line. This scenario would confirm the continuation of the bullish trend and could open up further upside opportunities.
Conversely, if buying pressure weakens or investors who converted OM into MANTRA choose to realize profits by selling, the token may experience a correction. A drop below the $0.021 support level would indicate increased downside risk. This could push the price down towards around $0.0198 and test lower support areas.
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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. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- BeInCrypto. MANTRA Launches With 37% Rally Following OM Token Swap. Accessed on March 5, 2026
