MANTRA’s $OM Surges 10% on Bullish Breakout, Institutional Interest

MANTRA’s $OM has broken through a double-bottom pattern at $0.233, indicating a potential bullish reversal. This technical breakout is supported by derivatives data, which shows further accumulation and increased trading activity. The pattern emerged following a recent decline, with the first low forming at $0.186 on June 23 and the second near the same level on July 2, establishing a solid support zone. The symmetry and the horizontal neckline around $0.233 created a setup for a double bottom breakout.

On July 11, $OM successfully pushed above the neckline with strong bullish candles and a noticeable uptick in volume. This breakout suggests a trend reversal from the prolonged downtrend that initially started in April before worsening in mid-June. Based on the pattern’s height, the projected upside target lies in the $0.260 to $0.265 region, about a 10%–12% move from the breakout point. This technical breakout aligns with an increase in derivatives activity.

According to Coinglass data, $OM’s 24-hour trading volume rose +69.37% to $189.5 million, while open interest jumped +10.62% to $79.99 million, reflecting renewed trader conviction. Long/short ratios on Binance and OKX are at 2.47 and 2.31, respectively, as both indices show a strong long bias, indicating the market is leaning bullish post-breakout. The volume footprint chart further confirms institutional and aggressive buyer interest. Buy-side volume repeatedly overwhelmed selling pressure on the chart, with one cluster showing 502K buys vs. 403K sells, despite some red deltas. These imbalances suggest sustained demand and accumulation, especially near the $0.233 retest zone.

For the breakout to remain valid, $OM must hold above the $0.233 neckline. A successful retest followed by higher highs could propel the price toward the $0.260–$0.265 target zone. The MACD’s upward curl hints at building momentum. With rising open interest, bullish positioning, and short squeezes in play, OM might be primed for further gains, provided broader market conditions remain favorable. Traders should watch how volume behaves near $0.240 and whether funding rates begin to flip overly positive, which could hint at overcrowded longs.

MANTRA’s unique dual-architecture blockchain positions $OM for explosive growth as institutional interest in real-world assets (RWAs) intensifies. The platform’s infrastructure facilitates the tokenization of physical assets, including real estate and environmental credits. Recent strategic developments demonstrate this capability, particularly the partnership with Dimitra to tokenize agricultural projects and carbon credits, beginning with cacao farming initiatives in Brazil and forest conservation programs in Mexico. These efforts are expected to generate one million traceable carbon credits within the coming decade.

Network security and institutional credibility received a major boost with Google Cloud becoming MANTRA’s largest validator. Concurrently, the project has advanced its decentralization efforts by reducing internal validators by 50% and incorporating 50 external validation partners during Q2 2025. In response to market conditions following a 90% price decline in April, MANTRA’s leadership implemented a 150 million OM token burn, a decisive move to address supply concerns. This reduction in circulating tokens, coupled with observed whale accumulation patterns showing minimal large-scale sell-offs, creates favorable conditions for price appreciation.

Market analysts identify several positive indicators for $OM (MANTRA) despite its moderate market share. Technical assessments suggest a potential 5x price increase to $1, supported by growing interest in RWA solutions and MultiVM adoption. Market sentiment metrics and liquidity patterns reflect increasing speculative interest, while the rising total value locked (TVL) demonstrates substantive ecosystem engagement. The project’s combination of technological infrastructure, practical applications, and governance improvements positions $OM for potential long-term growth. Key factors for investors to monitor include the expansion of TVL, progress in validator decentralization, and the development of additional RWA partnerships.