MANTRA OM has recorded a record price surge, driven by trading volumes and market demand. The token currently trades at around $7.69 on February 15, 2025, with the price rising by 35.67% in the past 24 hours. This followed the recent listing by Bybit, which has generated much excitement among traders.
Why is $OM pumping?
Several factors have fueled the recent price surge in MANTRA OM. First, listing on Bybit has been a core catalyst for trading volume, additional investors for the token. Users and exchange credibility form a solid foundation for greater visibility and access. Second, marketing listing events like a 120,000 OM prize pool have fueled interest and trading.
Asides this, the technicals are also optimistic towards the sharp bullish trend. The MACD is in negative territory, pointing towards sustained buying, and Relative Strength Index (RSI) shows overbought, normally showing sustained price correctives or consolidations. Sustained trading volume of $770 million OM in the last 24 hours shows sustained market interest and market confidence on the part of the participants.
Additionally, the onboarding of the MANTRA Chain Layer 1 mainnet to Bitget Wallet has amplified the usage of the OM token, which has allowed users to be more engaged within the ecosystem for purposes of staking and DeFi applications.
In addition, recent news announcements made in early February 2025, such as partnerships with Google Cloud for an in-real-life meet-up event, have set MANTRA at the forefront as a market-leader in the DeFi sector.
The recently released Q4 2024 Hacken Alpha Intelligence DYOR Report placed MANTRA among the top potential Layer-1 blockchains with a tokenization of real-world assets strategy. A report of this nature combined with strategic partnerships has increased investors’ confidence and interest in the token, and it set the stage for the current price boom.
Recent Market Performance
MANTRA OM has been exhibiting stunning price volatility in the past week. The token is listed on a market cap of $7.64 billion with a 24h volume of $770.69 million. The numbers displaying performance in various time intervals reflect stunning gains.
The token value gained 39.17% in the past 24 hours. The seven-day gain is 25.03%, and the 30-day gain is 103.90%. The token gained 2771.96% in the past year. The numbers indicate the extreme bullishness of the previous month that opened the floodgates for retail and institutional investors.
Technical Analysis
Present technical levels show MANTRA OM in an uptrend. Levels to monitor are support between $6.95 and $7.18 and resistance at $7.95. If the price penetrates $7.95, analysts predict a potential rally to the psychological level of $8.50 or higher. Or, a drop below $5.90 can cause further losses.
