How Long Will OM Continue Increasing? | Credit: Hameem Sarwar
Share
Key Takeaways
MANTRA (OM) increased by over 9,200% in 2024.
The price reached a new all-time high on Feb. 3.
Can the OM price carry its momentum to new highs?
MANTRA has been one of the standout performers of 2024, increasing by over 9,200%. Even more impressively, it carried its momentum in 2025, leading to a new all-time high of $6.25 on Feb. 3.
Several positive MANTRA news regarding new partnerships may have aided the increase.
In this article, MANTRA co-founder and CEO John Patrick Mullin will discuss some of the biggest developments in 2024 and 2025.
We will also analyze the price action to determine how long the increase will continue.
Earlier in January, MANTRA reached a deal with Dubai developer DAMAC Group to enable token-based financing for a wide range of assets, encompassing real estate, hospitality, data centers, and others. The deal was worth around $1 billion.
In exclusive comments to CCN, John Patrick Mullin, co-founder and CEO of MANTRA, clarified the importance of the partnership with the DAMAC Group, stating that the deal positions it to become the preferred ledger of record for Real-World Assets (RWA) in the UAE and beyond.
To that end, the deal will accelerate the region’s position as a hub for crypto and blockchain technology by allowing the DAMAC group to tokenize assets in the Middle East. The DAMAC assets will be available in Mantra in early 2025.
Mullin credits the numerous partnerships in 2024 for OM’s meteoric rise in 2024. He mentions institutional partnerships with the MAG Group, ZAND Bank, and Google Cloud.
In the question relating the interest shown by BlackRock to the RWA sector, Mullin stated that:
We’re thrilled to have major institutional players show interest in RWAs and are eager to expand our network and scope to support them. With our continued focus on compliance, we’re uniquely positioned to support large institutions as they dive in more to the space.
Finally, Mullin announced that the main plans for MANTRA in 2025 will be onboarding new institutional partners and providing new tokenized investment opportunities. As for the RWA space in general, he believes that regulatory clarity and innovation will both continue to increase, driving more interest and awareness in the category.
OM Price Reaches All-Time High
The OM price has increased since breaking out from a symmetrical triangle on Jan. 25, 2024. The next day, OM cleared the $4.50 horizontal area and validated it as support.
After continuously reaching new all-time highs, OM bounced at the $4.50 support area on Feb. 3 and created a large bullish candlestick (white icon).
OM reached the current all-time high of $6.25 before falling slightly. The high was made above the 1.61 external Fibonacci retracement resistance of $5.60. If it holds above it, the next resistance will be at $7.18.
Technical indicators do not show any clear weakness yet. The Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) are both increasing, and there is only a minor bearish divergence in the RSI.
The wave count shows that OM is reaching the top of wave three in a five-wave upward movement (black). The sub-wave count is in yellow, displaying an extended wave three. Therefore, wave three could end near the 2.61 external Fibonacci retracement resistance at $7.17, or it might have already ended.
After wave four is over, likely near the $4.50 horizontal support area, OM could begin the fifth and final wave toward new all-time highs. Afterward, the actual target for the top of wave five depends on the exact bottom of wave four.
MANTRA’s Incredible Journey
MANTRA was one of the best-performing cryptocurrencies in 2024. It continued its ascent in 2025 and reached a new all-time high on Feb. 3. As its CEO noted, its rise was likely aided by multiple institutional partnerships.
The price action suggests another upward movement that could take OM to another all-time high in 2025.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
