MANTRA (OM) Gains Momentum as Demand and Staking Rewards Increase

MANTRA (OM) gains momentum as demand and staking rewards increase. After recently surpassing $5, MANTRA remains on an upward path. The token is currently stabilizing near $4.55, indicating that investors remain optimistic. A strong breakout from a long-term price range has fueled confidence, suggesting further gains could be ahead. A major factor driving this surge is MANTRA Finance’s plan to boost staking rewards by 20%.

“…we explored many other chains before making a decision and MANTRA was the best choice for us out there.”

🇦🇪🕉️ Hear what @DAMACOfficial Managing Director @Amira_H_Sajwani has to say about the MANTRA team’s aligned vision and how our purpose-built infrastructure will drive… pic.twitter.com/WK2Te8CUoz

— MANTRA | Mainnet Live (@MANTRA_Chain) January 29, 2025

Higher rewards encourage users to lock up their tokens, reducing available supply and potentially increasing value. Technical indicators also reflect a bullish trend, with the Relative Strength Index (RSI) staying below critical overbought levels, signaling room for further growth. Expanding adoption of MANTRA’s platform adds to its strength, drawing more interest from investors. If OM holds its key support zones, its upward momentum is likely to persist. With strong fundamentals and market confidence, the token remains in focus for potential future gains.

OMUSD is in a strong bullish trend, trading above the 9-day SMA at $4.2400. The breakout above the $3.1700 support level confirmed bullish order flow, with the price now consolidating near $4.6900.

A pullback into the Fair Value Gap (FVG) and Order Block (OB) around $4.0580 could offer a buying opportunity. If buyers defend this zone, the next upside targets lie at $5.0900 and $5.9800 in the coming sessions.

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