OM Token Surges 12% in Week, Challenges Chainlink in RWA Sector

Mantra's token, OM, has surged by 12% in just one week, positioning itself as the second-largest real-world asset (RWA) token by market capitalization, now standing at $6.8 billion. This surge has placed OM in direct competition with Chainlink (LINK) within the growing RWA sector, highlighting its increasing market relevance and making it one of the best-performing Layer 1 tokens of 2025.

OM's price has shown a remarkable uptrend since early 2024, climbing from near zero to almost $10. The recent rally follows a period of price consolidation, during which OM managed to preserve support levels before breaking out once again. This technical movement has sparked speculation about whether OM’s price will rise toward the highly predicted $10 level in the coming weeks.

Technical indicators suggest bullish potential for OM despite market fluctuations. Currently trading at approximately $6.90, OM shows signs of continued upward momentum. The Bollinger Bands are tightening, indicating that excessive volatility is on the horizon. The MACD remains within the buy zone, reinforcing a strong market sentiment. The RSI is at 58.28, reflecting neutral-to-bullish momentum in trading. The ADX reading of 36.31 confirms that the upward trend is strengthening.

From a resistance perspective, OM needs to break past $8.17 to open the door for a larger rally. OM remains supported at $6.76 and $5.54, corresponding to the lower Bollinger Band and the 20-day moving average. If OM surpasses the $8.17 resistance level, the token could rapidly approach the psychological milestone of $10, solidifying its position in the RWA market.

Growing confidence in OM’s long-term potential is evident in the rise of futures open interest, which jumped from $319 million to $378 million within a short period. This surge in buying and selling volume suggests that traders are increasing their exposure, indicating confidence in OM’s price direction. The Mantra price surge is not just driven by speculation but is backed by strong fundamentals. The venture has tokenized over $500 million in assets, including real property and other valuable investments. Additionally, securing a virtual asset service provider license in February 2025 has cemented OM’s regulatory standing, boosting investor confidence in its long-term viability.

OM’s ecosystem has been expanding rapidly, fueled by strategic partnerships exceeding $1 billion. A particularly notable partnership with DAMAC Group in early 2025 has given Mantra additional exposure and credibility in the RWA sector. However, current governance challenges surrounding Mantra’s airdrop campaign have raised concerns. The discovery of 123,000 fraudulent wallets during the GenDrop distribution brought the team to launch a 48-hour governance vote on March 18. Following the vote, the Mantra price surge was unaffected as the team confirmed that the GenDrop allocation would be launched without prior notice. This would be done with 1.98 million OM tokens (10% unlock) distributed originally to avoid market manipulation.

While the Mantra price surge continues, whether OM will efficiently reach $10 depends on several factors, including market sentiment, investor behavior, and upcoming project developments. With growing adoption, rising exposure in RWA market trends, and strong partnerships driving demand, OM remains a key player in the expanding blockchain space. Investors and traders will closely watch OM’s price movement as it approaches the crucial $8.17 resistance level. According to OM price predictions, if the bullish trend continues and market sentiment remains positive, OM may surpass $10. However, market volatility will ultimately determine how soon OM can reach this goal, keeping traders on alert in the coming weeks.