⭐️⭐️Mantra price could hit $10 as CEX balances fall, open interest soars
Mantra MANTRA
om
0.8%
MANTRA, a leading player in the Real World Asset or RWA) tokenization, rose to a high of $7 on Tuesday, up by almost 20% from its lowest level this month.
A decline in exchange reserves indicates that holders are not selling their tokens but are instead moving them to self-custody wallets.
OM also found support at the 100-day moving average. Therefore, there’s a strong chance that the token could rebound to its all-time high of $9.12, about 32% above the current level. A move above that level could pave the way for more gains, potentially reaching the psychological level of $10.
⭐️⭐️Mantra price analysis
The daily chart shows that OM’s price bottomed at $5.86 on March 10 and has since rebounded to $6.90.
