Mantra price surges 12%. Can OM reach $10 in RWA rally?

Mantra Price continued to increase its upward trajectory, increasing by 12% last week to take second place among active assets in terms of market capitalization.

With a market capitalization of around $ 6.8 billion and compete with the chain link (LINK), Mantra (If) has become one of the most efficient layers of layer 1 in 2025.

Looking at the graphic, OM has been on a strong upward trend since the beginning of 2024, climbing from almost zero to almost $ 10. The recent rally comes after a short period of consolidation, where the price maintained above key support levels before breaking again.

With indicators pointing to an additional increase in potential, OM is currently negotiated at around $ 6.90. An imminent increase in volatility is indicated by Bollinger tightening bands. While the MacD is still in purchase territory, the RSI is 58.28, showing a thief impulse. ADX reading of 36.31 confirms that the trend is strengthening.

The previous local summit of $ 8.17 is an important level of resistance to keep an eye on. A push towards $ 10, an important psychological step, could be triggered by a burst above this level. Decrease assistance is located at $ 6.76 and $ 5.54, which corresponds to the lower Bollinger strip and the 20 -day mobile average.

In addition, the interest open in term contracts on OM has increased, from a monthly level of $ 319 million to $ 378 million, as Coinglass shows data. This indicates that traders increase their exhibition, which often indicates an increasing confidence in price direction.

Beyond price action, OM fundamentals remain solid. The project symbolized more than $ 500 million in assets, including real estate, and successfully guaranteed A license of virtual asset service provider of the Dubai regulator in February. Strategic alliances also helped him to grow, with transactions totaling more than a billion dollars, including a major partnership with Damac Group in early 2025.

Meanwhile, the community is preparing for the Mantra guards in the middle of the technical challenges. After the discovery of more than 123,000 fraudulent portfolios during its gendrop campaign on March 18, Mantra opened a 48 -hour governance vote To decide how to manage 26.9 million OM that have been reported as suspects.

In order to avoid the deliberate manipulation of the market, the team has confirmed that the gendrop allowance will be published without notice and will constitute a unlocking of 10%, or 1,987,555.64 OM.