Mantra (OM) Breakout? 500% Volume Surge Fuels $1.20 Target

OM is up 10.24% in the last 24 hours with 500% increase in trading volume. This follows its listing on Upbit, South Korea’s largest crypto..

Arslan Butt•Wednesday, May 21, 2025•1 min read

Quick overview

OM has increased by 10.24% in the last 24 hours, driven by a 500% rise in trading volume following its listing on Upbit.
Technical indicators show a bullish trend, with an oversold RSI at 28 and a sustained bullish MACD crossover.
The next resistance levels for OM are projected between $0.60 to $0.70, with potential for further gains up to $1.20.
Institutional support is strengthening, with significant token burns aimed at restoring trust and reducing supply.

OM is up 10.24% in the last 24 hours with 500% increase in trading volume. This follows its listing on Upbit, South Korea’s largest crypto exchange, and fresh interest from investors. After dropping from $6.26 in April to $0.42 intraday in May, OM spent most of May consolidating in a $0.36 to $0.43 range. The recent breakout above $0.43 to $0.49 is a sign of a change in momentum, retesting resistance levels last seen on May 10.

Technicals are Bullish

Mantra technicals are mixed but leaning up. RSI is oversold at 28, OM might be undervalued. MACD is bullish with the MACD line above the signal line and the histogram showing green bars for almost a month. This is buying pressure that can sustain if volume remains high.

RSI 28 is oversold
MACD bullish crossover for weeks
Volume supports price breakout

Resistance Levels and Institutional Support

If OM continues to move up, the next resistance zone is between $0.60 to $0.70 — levels that were strong support from March to June last year. A break above here can lead to $0.85 and eventually $1.20 which are historical resistance points.

Mantra Price Chart - Source: Tradingview — Mantra Price Chart – Source: Tradingview

And institutional support is growing. Nansen is now a validator on the MANTRA Chain and 300 million OM tokens are being burned including 150 million from the founder. This is to restore trust and reduce supply which can support future price appreciation.

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ABOUT THE AUTHOR See More

Arslan Butt

Index & Commodity Analyst

Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.