MANTRA’s $OM Breaks Double Bottom; Google Cloud Backing Sets Stage for 5x Surge
Main Idea
MANTRA’s $OM token shows bullish potential with a double-bottom breakout, supported by Google Cloud validation, strategic token burns, and growing institutional interest in real-world asset (RWA) projects.
Key Points
1. MANTRA’s $OM broke the double-bottom pattern at $0.233, signaling a bullish reversal with a potential 5x price increase to $1.
2. Google Cloud has become MANTRA’s largest validator, enhancing the project’s credibility and institutional appeal.
3. MANTRA implemented a 150 million OM token burn in response to a 90% price decline in April, aiming to stabilize and boost value.
4. Technical indicators, including rising trading volume (+69.37%) and open interest (+10.62%), support the bullish outlook for $OM.
5. The project’s focus on real-world asset (RWA) partnerships, including agricultural projects and carbon credits, positions it for long-term growth.
Description
MANTRA’s $OM has broken the double-bottom pattern at $0.233 as derivatives data reveal further accumulation. With Google Cloud validation, strategic token burns, and real-world asset partnerships gaining traction, MANTRA’s unique dual-architecture blockchain positions $OM for explosive growth as institutional interest in RWAs intensifies. Source: CoinGecko MANTRA Leads Innovation in Real-World Asset Tokenization with MultiVM Blockchain The platform’s infrastructure facilitates the tokenization o...
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