MANTRA (OM) surged 39% in 24 hours due to a liquidity-driven technical breakout, exchange listing upgrades, and renewed RWA sector momentum.

Phemex tick size adjustment boosted liquidity and trading activity

Technical breakout above $0.233 resistance with 760% volume spike

RWA sector tailwinds from Bitcoin’s new ATH and regulatory progress

Deep Dive

1. Primary catalyst

Phemex increased OM’s tick size (minimum price movement) on July 18 to 0.0001 from 0.00001 for its OM trading pair, improving liquidity depth. This coincided with:

760% surge in 24h volume ($411M) – strongest since May 2025

Reduced slippage for large orders, attracting algorithmic traders

Followed by 39% price gain, suggesting liquidity upgrades amplified buying pressure

2. Technical context

OM broke above the $0.233 neckline of a double-bottom pattern (bullish reversal signal) on July 14 with:

RSI(7) at 62.15: Bullish but not overbought

MACD histogram turning positive (+0.0069) on July 19

Next resistance at $0.302 (200-day EMA), 6% above current price

Retail traders piled in after a July 21 CoinMarketCap community post highlighted the $0.30 target, creating FOMO.

3. Market dynamics

RWA tokens outperformed as Bitcoin hit $118K on July 11, with:

Altcoin Season Index up 173% in 30 days (vs BTC dominance -3.8%)

MANTRA’s Google Cloud partnership (July 16 RPC node launch) validated its enterprise RWA infrastructure

Dimitra agricultural tokenization deal (May 28) showing tangible progress

Conclusion

OM’s rally combines liquidity upgrades, technical momentum, and RWA sector rotation – but faces a credibility test at April’s crash zone ($0.45-$0.60). Can MANTRA’s validator decentralization (50 new partners in Q2) and carbon credit projects sustain institutional interest post-breakout?