The Real-World Asset (RWA) token Mantra (OM) has surged 12.09% to reach $7.04 per coin, with its market capitalization soaring to $6.93 billion over the past seven days.
At the time of writing, Mantra ranks as the fourth-largest RWA token by market cap, trailing behind Chainlink (LINK), Hedera (HBAR), and Avalanche (AVAX). Previously, Mantra held the second position when Bitcoin (BTC) hit $84,736 on Monday (March 17).
This rally has caught investor attention, despite technical indicators presenting mixed signals. Mantra’s Relative Strength Index (RSI) currently stands at 57.89, approaching a key resistance level.
While the RSI suggests that bullish momentum persists, it is currently in a moderate range. The indicator previously peaked at 72.51 before declining, signaling that OM was nearing overbought territory.
Not Financial Advice. Do Your Own Research. 🚀
Image Source: Coinpedia
