Mantra has seen a 12% price surge in the past week, securing its position as the second-largest Real World Asset (RWA) project by market capitalization. Now valued at approximately $6.8 billion, Mantra (OM) is challenging Chainlink (LINK) and becoming one of the best-performing Layer 1 tokens of 2025.

OM’s bullish momentum: Key technical indicators

Rising price action and strengthening trend

• OM is trading at approximately $6.90, continuing its strong upward trend since early 2024.
• Bollinger Bands indicate an impending volatility spike, suggesting a potential breakout.
• MACD remains in buy territory, reinforcing the positive outlook.
• RSI at 58.28 shows neutral-to-bullish momentum, with room for further upside.
• ADX at 36.31 confirms that the current trend is gaining strength.

If OM breaks its previous high of $8.17, a push toward $10 could be triggered as traders seek a significant psychological milestone.

Growing investor confidence: Market data insights

Futures open interest surges

• Open interest in OM futures has increased from $319 million to $378 million, signaling higher trader participation.
• Rising open interest generally reflects growing confidence in an asset’s price trajectory.

Support and resistance levels:

• Key support levels: $6.76 (lower Bollinger Band) and $5.54 (20-day moving average).
• Major resistance level: $8.17, the previous local high.

If OM sustains momentum and breaks resistance, it could gain further traction toward $10.

Fundamentals remain strong: Mantra’s expansion strategy

Real-world asset tokenization and regulatory approvals

Beyond price action, Mantra’s fundamentals continue to strengthen:

• The project has tokenized over $500 million in assets, including real estate.
• Secured a Virtual Asset Service Provider (VASP) license from Dubai’s regulator in February.
• Strategic partnerships exceed $1 billion, including a key deal with DAMAC Group.

These factors provide a strong foundation for sustained long-term growth.

Community developments and airdrop governance vote

Mantra’s GenDrop campaign faced challenges when 123,000 fraudulent wallets were detected. In response, the project launched a 48-hour governance vote on March 18 to determine how to handle 26.9 million flagged OM tokens.

To prevent market manipulation, the team confirmed that the airdrop allocation will be released without prior notice. The initial unlock will amount to 10% of the total supply, or 1,987,555.64 OM.

Can OM reach $10? Final thoughts

With strong technical indicators, rising investor confidence, and solid fundamentals, OM has a clear path toward testing the $10 milestone. If it surpasses $8.17 resistance, a bullish breakout could drive it to new highs.