The market performance of OM, the native token of MANTRA, has lately increased, showing exceptionally high volatility and significant bullish potential. But there’s still a lot to learn.
OM’s technical outlook has been exceptionally positive, as the token has broken through previous highs to reach a new top. We saw a noticeable increase in volume during this upswing, which suggests rising purchasing enthusiasm.
The immediate $1 price objective is now attainable as OM climbs. The level is important not just as a benchmark but also as a possible starting point for future price increases. Nonetheless, a rather overextended surge is suggesting a reversal probability on the STOCH RSI.
Anticipating resistance
Even with all of the momentum, the asset is getting closer to a possible correction zone that might be between $0.77 and $0.99. This area may turn into a battlefield where the purchasing power of those ready to take on more risk exposure meets the selling pressure from current holders. A push above this resistance area would indicate a strong positive signal and raise the price of OM.
Despite its amazing nature, the surge is not without instability. The current price movement’s explosive character indicates an unstable market with potential for sudden reversals. It is crucial to approach the market cautiously since we know that tomorrow might see a sharp change from today’s strong surge.
Fundamental strengths
With MANTRA positioned atop a vast market for tokenizing real-world assets (RWA), estimated at $16 trillion, OM’s fundamentals paint a positive picture. It is the only layer-1 blockchain with a RWA emphasis designed for asset tokenization and regulatory compliance. Currently, MANTRA is regarded as one of the largest RWA projects on sites such as CoinGecko, which contributes to its market visibility.
Developers and institutional investors find OM intriguing due to its regulatory compliance readiness. Additionally, the token’s availability on exchanges like OKX and Binance boosts its acceptance among retail investors and inside the industry.
A 1.35x premium on staked OM prior to the mainnet debut is one of the ways that MANTRA’s staking system further incentivizes players, highlighting the attraction for long-term holders.
The MANTRA project benefits from the years of experience that the leadership team at Bitmex, HSBC, and Deloitte has amassed. This experience gives the project a feeling of stability and a well-defined strategic direction.
In summary, despite the fact that OM’s ascent has been volatile and supported by strong fundamentals and experience, it is advisable to exercise care because 150% growth is not the most steady thing in the financial world. Making weighted deals and avoiding rash judgements are the most practical and obvious ways to protect yourself from losses brought on by abnormally high volatility.
