Mantra (OM) price has skyrocketed more than 35% in the last 24 hours, reaching a new all-time high above $7. With this surge, OM’s market cap has climbed to $7.3 billion, surpassing ONDO as one of the largest Real-World Assets (RWA) tokens.
Trading volume has also exploded, increasing by 455% to $851 million, signaling heightened market interest. As momentum builds, key technical indicators suggest that OM’s uptrend remains strong but not yet at extreme levels.
OM ADX Shows the Uptrend Is Strong, But Still Not Extreme
Mantra, one of the biggest projects in the RWA ecosystem, rallied over 90% in the past 30 days.
ADX has surged to 24.8 from yesterday’s 12.9, marking a significant increase in trend strength. This sharp rise indicates that OM’s current uptrend is gaining traction, with growing momentum behind its price movement.
A strengthening ADX suggests that buyers are becoming more dominant, reinforcing the trend and making it more likely to sustain in the short term. If this momentum continues, it could attract more traders looking to capitalize on the strengthening trend.
The ADX is a key indicator that measures trend strength on a scale where values below 20 indicate weak or non-trending conditions, while readings between 20 and 40 suggest a solidifying trend. With OM ADX currently at 24.8, the trend is strengthening but has not yet reached extreme levels.
If the ADX continues to rise, it could confirm even stronger bullish momentum, potentially leading to more aggressive price movements. However, if the ADX starts to flatten or decline, it might signal that the trend is losing steam.
Ichimoku Cloud Shows a Bullish Setup
OM has experienced a sharp breakout, pushing well above the Ichimoku Cloud. The recent surge has placed the price in a strong bullish zone, with the cloud now trailing far below.
This move suggests a significant shift in momentum as OM price transitioned from a period of consolidation to an aggressive rally. The separation from the cloud indicates that bullish momentum is firmly in control, with no immediate signs of weakness.
The Ichimoku Cloud’s leading span is now turning upward, confirming the strength of the trend. Additionally, the conversion and baseline lines have sharply followed the price move, reflecting the sudden increase in momentum.
With the lagging span also well above the price action, the setup reinforces the ongoing bullish trend. However, the distance size of the cloud is narrowing, which could indicate the uptrend is losing steam.
OM Price Prediction: Will the Surge Continue?
Mantra price has reached a new all-time high, breaking above $7 for the first time ever. This makes OM one of the biggest RWA tokens in the market, surpassing ONDO in market cap.
This breakout confirms strong bullish momentum. If the uptrend continues to strengthen, OM price could push even higher, potentially reaching $8 for the first time.
A sustained move above key levels would reinforce confidence in the rally, attracting more momentum-driven buyers.
However, if OM’s uptrend loses strength, it could retrace to test support at $6.48.
A break below this level could lead to further downside. The next key supports are $5.26 and, in the case of a stronger downtrend, $4.37.
Disclaimer
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