MANTRA Research Hub | OM information, history and analysis
MANTRA DAO is a decentralized financial platform built on the RioChain blockchain and will be connected to Polkadot. MANTRA DAO focuses on staking, lending, and decentralized governance (DAO) products. This project is designed to act as an ecosystem for Web 3.0.
This company operates by providing services and collecting fees for collateral assets. MANTRA DAO’s business plan focuses on earning interest from OM loans and staking. Some of the major investors in MANTRA DAO include Kenetic Capital, Genesis Block, and Moonrock Capital.
OM is an active token in the MANTRA DAO ecosystem, powered by OM and used for decentralized governance, staking, and lending. OM token holders receive an estimated 88.8% annual reward for staking OM on the platform.
Given that Mantra’s ADX is below 25 and bearish EMA patterns are forming, the concern is that it could drop below $6 if support fails. A potential death cross indicates ongoing bearish pressure.
While bearish signals are prevalent, a positive sentiment shift around RWA can lead Mantra to target resistances at $7.10 and beyond. Monitoring price movements around support levels is crucial for potential reversals.
Mantra [OM] is currently priced at 6.52 USD, experiencing a decline of 5.31% in the last 24 hours. The critical support level is at 6.10 USD, suggesting a potential for a rebound if this level holds.
Recent whale activity highlights strong interest in OM, with 19 wallets withdrawing 61.52 million USD worth of tokens from Binance. This has raised concerns due to unrealized losses, bringing uncertainty to short-term price action.
Market participation is waning, as Open Interest in OM dropped by 6.55%. Despite a surge in new addresses by 159.49%, there may be a lack of sustained engagement from traders, potentially leading to increased volatility.
Mantra (OM) has gained 10% over the past week, consolidating its position as the second-largest RWA coin with a market cap nearing 6.8 billion USD.
RSI indicates a current reading of 57.89, while Ichimoku Cloud indicates a bullish trend. Key resistance is at 7.39 USD and support is at 6.57 USD, suggesting potential for future price rises.
Mantra (OM) increased by 94% to 8.99 USD. Whale activity included a 90 million USD deposit into Binance, underscoring investor interest.
Key partnerships with Google Cloud and recent approvals in Dubai bolster growth. The upcoming airdrop of 50 million OM could impact liquidity, but its long-term effects are uncertain due to skepticism around its 11 million USD funding.
Mantra (OM) surged 70% in just 17 days, reaching a consolidation level of 7.50 USD. Over the past month, its value has doubled, showcasing significant market interest.
Over the last year, OM has achieved an impressive increase of 1,821% in value. Additionally, social media mentions surged by 750% in the past six months, amplifying its visibility.
While OM shows robust growth, technical indicators suggest potential overbought signals. A correction may lead the price down to a support level of 6.31 USD before any further breakout.
Mantra (OM) has surged over 35% in the last 24 hours. The price exceeded 7 USD, resulting in a market cap of 7.3 billion USD and a trading volume increase of 455% to 851 million USD.
Technical indicators show a solid upward trend with an ADX at 24.8, while Ichimoku Cloud analysis reflects OM in a bullish zone, suggesting potential slowing momentum.
Avalanche (AVAX) is facing significant volatility with the upcoming unlock of 1.67 million tokens valued over 42.5 million USD. Trading at 25.44 USD, AVAX must exceed the 26.95 USD resistance to potentially rally towards 31.15 USD. Failure could see a decline to 22.70 USD.
Mantra (OM) trades at 6.15 USD, close to its all-time high of 6.48 USD, needing to maintain a 5.65 USD support. Sustaining this support is essential to avoid bearish movements and downturns below 5.00 USD.
THORChain (RUNE) is expected to rise 30% with the V3.20 update. Currently challenging the 1.39 USD resistance, success could push RUNE to 1.70 USD, while failure risks a drop to 1.11 USD.
According to analysts, Mantra’s OM token might reach a valuation between 10 USD to 15 USD. Despite a recent market downturn, OM reached a new all-time high of over 6 USD, climbing significantly due to favorable market developments.
The recent RSI readings suggest the asset may be overbought, pointing to a potential short-term correction. Nevertheless, market enthusiasts remain optimistic about the token’s potential, with potential price estimates as high as 15 USD by the end of the year.
OM’s price surged 70% in the last ten days, reaching a peak of 6.29 USD. However, long-term holders are beginning to sell, suggesting potential resistance in the market. A flat adoption rate raises questions about the sustainability of this increase.
Maintaining the support level at 6.00 USD could push OM to 7.00 USD, while a break below could lead to declines to 4.27 USD or 3.47 USD. The rally seems driven by speculation rather than strong fundamentals.
The price of MANTRA (OM) surged over 50% within a week, reaching an all-time high of 5.87 USD on January 31. This increase is linked to a collaboration with DAMAC Group for token-based financing in real estate assets.
DAMAC Group will initiate asset tokenization on the MANTRA Chain in 2025, enhancing investor transparency and security. Experts anticipate the real estate sector could lead the tokenized assets market by 2030, currently valued at approximately 39.9 billion USD.