$OM Mantra Hits Record Highs – Can It Reach a New Peak This Month?

Mantra (OM) has broken out of its downward trend, signaling a potential price surge. Despite market uncertainty, OM remains strong, currently priced at $6.83 (up 3.50%), with trading volume increasing by 40%.

According to Some Crypto expert OM’s breakout, saying, “OM is ignoring the market downturn. It just broke out of its falling wedge and is now aiming for its previous all-time high. If Bitcoin stays above $82K, OM could hit a new peak this month.” This means OM’s growth could depend on Bitcoin’s stability.

OM Breaks Out of Falling Wedge

OM had been in a downtrend, making lower highs and lows within a falling wedge pattern. Breaking out around $6.20-$6.50 suggests a bullish trend.

A breakout from this pattern usually indicates rising prices as more buyers enter the market. The previous resistance level has now turned into support, strengthening OM’s outlook.

Currently, OM’s support is between $6.20-$6.50, with another support level at $5.50-$5.80 in case of a pullback.

On the upside, OM faces resistance at $7.50-$7.80. If buying continues, the next target is $8.50-$9.00. Breaking these levels could push OM toward a new all-time high.

MANTRA is a Cosmos SDK-based L1 blockchain addressing regulatory compliance gaps in the Cosmos ecosystem. Positioned as the "blockchain for tokenized RWAs and regulated digital assets," MANTRA offers high-performance, scalable blockchain architecture, supporting both permissionless and regulated, compliant applications.

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