MANTRA is a security-first RWA Layer 1 Blockchain, capable of adherence and enforcement of real-world regulatory requirements. Built for Institutions and Developers, MANTRA is a Permissionless Blockchain for Permissioned applications.
Recent Progress and Community Growth
MANTRA blockchain has taken big strides forward in the last month to include real-world assets. MANTRA launched its mainnet on December 31, 2024, and that is now going to allow the tokenization of real-world assets on-chain, thus strengthening its native token, OM. The ability to stake OM to receive rewards should also enhance participation in future RWA offerings. The community has grown massively, raising more than $25 million, thus showing high investor confidence. The new vesting schedule, with a 10% token unlock in March 2025, will further improve MANTRA's tokenomics. This further strengthens the position of MANTRA in bringing traditional finance closer to decentralized technologies.
Whale Activity and Market Dynamics
Over the past ten days, whales activity around Mantra (OM) has changed drastically. One of the large whales bought approximately $2.62 million worth of OM, and its price hit an all-time high of $4.52. After that, however, some whales began selling their tokens, and trades by big investors decreased dramatically. A lot of OM tokens were also transferred to exchanges like Binance, which is a sign of sales. Interest in Mantra has remained high, with a massive surge in trading activity from small investors.
Trading Performance and Indicators
Any weekly close above $4.50 confirms further bullishness.
OMUSD surged more than 20% in the past ten days. It holds above the short-term (34 and 55 EMA) and above the long-term moving average. It hit a high of $4.0962 on Monday and is currently trading around $3.93.
The bullish invalidation can happen if the pair closes below $2.50. On the lower side, the near-term support is $3.65. Any break below targets $3.25/$2.78/$2.50. Any breach below $2.50 targets $1.88.
The pair's near-term resistance is around $4. Any breach above confirms minor bullishness. A jump to $4.52/$5 is possible. A surge past $5 will take it to $6.
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It is good to buy on dips around $3.50 with SL around $2.50 for TP of $6.