Mantra (OM) Surges 10% in a Week, Becoming the Second-Largest RWA Coin
Mantra (OM) has climbed over 10% in the past week, securing its position as the second-largest Real World Asset (RWA) token by market capitalization.
Derar Hadri 
Mantra (OM) has climbed over 10% in the past week, securing its position as the second-largest Real World Asset (RWA) token by market capitalization. With a market cap of approximately $6.8 billion, OM continues to gain momentum, drawing increased attention in the RWA sector.
Technical Indicators Signal Mixed Trends
OM’s technical indicators present a mixed outlook, with the Relative Strength Index (RSI) cooling off from overbought levels while the Ichimoku Cloud remains bullish. As OM trades near crucial resistance and support zones, traders are closely monitoring whether it can sustain its rally and reach new all-time highs.
RSI Returns to Neutral After Overbought Levels
OM’s RSI currently stands at 57.89, maintaining its position above the key 50 threshold since March 15.
Yesterday, the RSI peaked at 72.51, signaling an overbought condition before slightly pulling back. Typically, RSI readings above 70 indicate overbought conditions, suggesting a possible price correction, while readings below 30 signal oversold conditions, which may present a buying opportunity.
With OM’s RSI at 57.89, bullish momentum remains present but at a more moderate level, indicating a potential continuation of the uptrend unless selling pressure increases.
Ichimoku Cloud Confirms Bullish Structure
OM’s Ichimoku Cloud structure remains bullish, as the price continues to trade above the cloud, reinforcing the ongoing uptrend.
Additionally, the cloud ahead has flipped green, which suggests that, if this structure holds, buyers could continue to dominate the market in the near term.
Further supporting this outlook:
- The Tenkan-sen is above the Kijun-sen, confirming short-term bullish momentum.
- The Chikou Span is positioned above both the price action and the cloud, strengthening the bullish bias.
However, if OM consolidates or dips toward the Tenkan-sen and Kijun-sen, it could indicate a potential pause in momentum or even a shift toward a neutral trend if these support levels fail to hold.
Will Mantra Reach New All-Time Highs in March?
OM’s Exponential Moving Averages (EMA) indicate that a golden cross formation may be approaching, which would further confirm the bullish sentiment.
If this pattern materializes and OM regains its strong uptrend, it could challenge resistance levels at $7.39 and $8.16.
A successful breakout above these levels could propel OM beyond $9 for the first time, setting new all-time highs and potentially surpassing Chainlink (LINK) as the leading RWA coin by market cap.
However, if bullish momentum weakens, OM could retreat to its support at $6.57. A failure to hold this level could lead to further declines toward $6.15, and if selling pressure intensifies, the price may dip as low as $5.85.
