Mantra Price Prediction: Can This Promising RWA Token Hit $2.7 in 2024?

Key Takeaways:

• Mantra’s Current Status: Mantra price has emerged as one of the most recent entrants into the 100 cryptos by market cap, currently trading at $1.07 with a market cap of $851 million. Its circulating supply stands at 793 million OM tokens, with a bullish sentiment prevailing in the market.
• Market Performance: The impressive rally in Mantra price, reflecting a remarkable 1700% increase year-to-date, mirrors the growing interest in Real World Asset (RWA) tokens. This surge follows BlackRock’s ambitious plan to tokenize $10 trillion in assets, fueling excitement and optimism in the market.
• Technical Analysis: The Mantra price chart illustrates significant rallies in March and April, with May showcasing a period of consolidation. This consolidation phase indicates a potential buildup for another rally, and technical indicators suggest a bullish outlook for the coming months.
• OM Price Predictions: For June, OM price is projected to trade within the $1.2 to $1.3 range, with potential resistance near $1.3. This forecast is underpinned by a moderate to bullish overall crypto market outlook and the ongoing hype surrounding RWA tokens.
• Future Outlook: With resistance levels identified at $1.5 to $2, Mantra price may continue its upward trajectory, driven by psychological resistance levels and positive market dynamics. The bullish sentiment surrounding OM tokens positions them favorably for further growth amidst evolving market conditions.

Mantra Price Overview as of June 10, 2024

Mantra Price Technical Analysis

OM/USD | Source: TradingView

• One of the newest entrants into the top 100 cryptos by market cap, Mantra price has rallied over 1700% in the year-to-date timeframe and a solid 23% in the past week alone. Mantra is one of a list of altcoins that fall under the RWA tokens category, and this has been the buzz ever since BlackRock announced its ambitious plan to tokenize an astounding $10 trillion worth of assets in collaboration with Securitize.
• Mantra price has been one of the biggest beneficiaries of this recent hype and excitement in this sector; the chart above represents the same. March and April 2024 saw the biggest rallies, while May saw a healthy, subdued, sideways action. This indicates some price consolidation with the next leg of the rally beginning from the start of June 2024.
• Currently trading above all the June Fibonacci pivot points and at an all-time high, the Mantra price is well positioned to continue its rally into further uncharted territory, backed by psychological resistance levels.
• On the upside, the levels to look out for are $1.5 to $2 for the time being, while on the downside, the R3 Fibonacci level at $0.92 and the psychological level at $1 should serve as a reasonable area of support for Mantra price.

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OM Price Prediction 2024-2030

Mantra Price Prediction June 2024

In June 2024, Mantra price is expected to trade between $1.2 to $1.3. Continuing its massive rally from the end of May, OM price can find support from a moderate to bullish overall crypto market outlook. Technical indicators suggest a potential breakout as OM price navigates this range, with resistance near the upper limit of $1.3. Despite some volatility, the bullish sentiment remains intact, hinting at further upward movement in the coming weeks.

Mantra Price Prediction July 2024

As we step into July 2024, Mantra price may experience sideways price action within the range of around $1.3. Following the significant rally in the preceding months, OM price could consolidate its gains, aligning with the broader crypto market sentiment. Technical analysis indicates a stabilization period, with support and resistance levels around the current price range. While volatility may persist, this phase presents opportunities for strategic positioning amid market fluctuations.

Mantra Price Prediction August 2024

In August 2024, the range-bound motion in OM price is anticipated to persist, with prices fluctuating between $1.25 to $1.32. Amid the approaching “Uptober” season, OM price may exhibit light bullish indications, supported by positive market sentiment. Technical analysis suggests continuing the current trend, with resistance levels near $1.32 and support around $1.25. Traders and investors should remain vigilant for potential breakout opportunities as market dynamics evolve throughout the month.

Mantra Price Prediction September 2024

September 2024 may witness an uptick in bullish sentiment, with Mantra price ranging between $1.6 to $1.8. As the “Uptober” frenzy gains momentum, OM price could experience stronger bullishness, fueled by increased buying interest. Technical indicators suggest potential resistance levels around $1.8, with support established near $1.6. This period marks a pivotal phase for OM price, as it navigates through market dynamics and investor sentiment shifts.

Mantra Price Prediction October 2024

October 2024 presents a significant opportunity for Mantra price, with a price range spanning from $2.3 to $2.5. Amidst heightened excitement in the broader crypto market, OM price is poised to break out of key resistance levels, potentially reaching new highs. Technical analysis indicates bullish momentum, with support levels at $2.3 and resistance near $2.5. Traders and investors should monitor market developments closely for potential entry or exit opportunities.

Mantra Price Prediction November 2024

November 2024 continues the uptober hype, with Mantra price projected to range between $2.5 to $2.7. As the spillover effect from previous months persists, OM price may touch new highs, driven by sustained bullish sentiment. Technical analysis suggests strong support around $2.5, with resistance levels nearing $2.7. This month represents a culmination of bullish momentum, highlighting OM’s resilience amid market dynamics.

Mantra Price Prediction December 2024

In December 2024, Mantra price is expected to hover around $2.7, marking a slight softening after two bullish months. As the year concludes, OM price may encounter resistance near the psychological level of $0.2, signaling a potential consolidation phase. Technical indicators hint at a period of stability, with support levels established around the current price range. Investors should exercise caution and monitor market developments closely as OM price navigates year-end dynamics.

Mantra Price Prediction 2025

With a price range of $5 to $7.5, Mantra price journey in 2025 is anticipated to be propelled by the heavy focus on RWAs, a prevailing buzzword in the crypto market. This emphasis on RWAs (Real World Assets) could drive substantial demand for OM tokens, leading to upward price movements. As Mantra continues to expand its ecosystem and explore new avenues for growth, investors may witness increased volatility amidst evolving market dynamics.

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Mantra Price Prediction 2026

In 2026, Mantra price trajectory is forecasted to range between $6.5 to $7, reflecting a period of consolidation and strategic positioning. As the project solidifies its presence in the crypto space, OM price may experience moderate growth, supported by steady market fundamentals. Technical analysis suggests a balanced market sentiment, with OM price navigating within established price levels, presenting opportunities for investors to capitalize on potential price fluctuations.

Mantra Price Prediction 2027

With a predicted price hovering around $8 in 2027, Mantra price journey continues with steady growth and market maturity. As the project gains traction and adoption, OM price may experience stability, underpinned by a robust ecosystem and growing investor confidence. This period marks a phase of consolidation as Mantra price solidifies its position as a leading DeFi platform, attracting both retail and institutional interest.

Mantra Price Prediction 2029

By 2029, Mantra price could surge to $12 to $14, driven by continued innovation and adoption within the DeFi space. As the project expands its offerings and integrates new technologies, OM price may experience exponential growth, reflecting the project’s potential to revolutionize decentralized finance. Technical indicators suggest bullish momentum, with OM price poised to establish new highs and cement its position as a key player in the crypto market.

Mantra Price Prediction 2030

Entering 2030, Mantra price is forecasted to soar to $20 to $22, marking a significant milestone in its journey towards widespread adoption and recognition. With a focus on scalability and interoperability, OM price may experience rapid appreciation, propelled by increasing demand for decentralized financial solutions. This period heralds a new era for Mantra, as it emerges as a frontrunner in the DeFi space, driving innovation and reshaping the future of finance.

Will the Mantra Price Continue to Rise in 2024?

Amid recent market volatility, investors are eager to know: Will the Mantra price continue to rise in 2024? With a price range projected between $1.2 to $1.3 for June, Mantra price’s current trajectory indicates potential for a continued uptrend. Backed by a moderate to bullish overall crypto market outlook and a market interest around real-world asset (RWA) tokenization cryptos, OM price could sustain its massive rally that began towards the end of May. As the project gains momentum and investor confidence grows, Mantra price may see further appreciation in its price, with technical analysis suggesting bullish indicators amidst evolving market dynamics. Thus, the stage appears set for Mantra price to potentially experience another upward surge in 2024.