Last updated:
Junior Content Creator
Harvey Hunter
Junior Content Creator
Harvey Hunter
Share
Why Trust Cryptonews
As the Real-World Asset (RWA) narrative continues to take shape, Mantra (OM) is emerging as one of its leading altcoin contenders.
While numerous projects are making strides in the RWA sector, few have gained momentum like Mantra, which has surged 70% in just 17 days—doubling in value over the past month.
Despite its impressive rally, OM now appears to be consolidating after reaching its February 15 peak, posting a modest 0.81% gain today as it consolidates around $7.50.
Could Mantra be THE Real World Asset Play This Cycle?
According to CoinCodex data, OM has skyrocketed 1,821% over the past year, securing a place among the top three crypto assets by market performance.
Social sentiment has also exploded, with mentions surging 750% over the past 6 months, according to LunarCrush data, boosting OM’s visibility in the crowded RWA market.
Tokenization is one of the most appealing use cases of blockchain technology and Mantra has emerged as a layer-one solution specialized in this field.
One of its most significant moves is its partnership with DAMAC Group, a collaboration focused on tokenizing real-world assets in the Middle East.
Companies like BlackRock are already investing billions into RWAs to establish themselves as first movers.
Mantra Price Analysis: How High Could the Surge Go?
The Mantra price may be pushing its limits as technical indicators begin to show signs of exhaustion.
The weekly RSI has hovered above 75 throughout February, currently at 84, a level that often precedes significant corrections.
On the daily chart, OM has crossed above its upper Bollinger Band, with the RSI standing at 74—both indicators consistent with overbought conditions.
If a correction unfolds, the price could drop 16% in line with the $6.31 support level, retesting the lower support of the broadening ascending wedge that has steered price action since late January.
However, a successful rebound from this support zone may trigger another breakout attempt, targeting the upper resistance at potential Mantra price highs of $10—a 30% upside from current levels.
This New ICO Helps Traders Find Tokens Like Mantra
Emerging narratives like RWA give traders a chance to get in early on major players and ride strong market tailwinds.
It’s no surprise Best Wallet ($BEST) has drawn attention with its in-app “Upcoming Tokens” feature, renowned for delivering high-gaining trading alpha by spotlighting emerging crypto projects.
These very features position Best Wallet as the latest innovation in self-custody solutions—and a viable competitor to even the likes of MetaMask.
The non-custodial wallet supports over 1,000 cryptocurrencies, utilizes Fireblocks MPC-CMP technology, and includes a staking aggregator to maximize yield opportunities.
Best Wallet is already making waves, raising over $10 million in the presale for its new $BEST utility token. Its app is already featured on Google Play and the App Store.
To learn more about Best Wallet, follow its official X, Telegram, or visit the Best Wallet website.
