OmCoin

The cryptocurrency market continues to face volatility, yet Mantra ($OM ), a prominent token within the Real-World Asset (RWA) sector, has exhibited notable resilience. Despite prevailing bearish market conditions, OM has experienced a 70% surge over the past 90 days, garnering increasing interest from investors. On-chain data suggests that significant accumulation is occurring, hinting at a potential major price movement in the near future.
Noteworthy Accumulation Activity
Recent data from SpotOnChain reveals a major accumulation event over the past four days. A total of 61.52 million OM tokens—representing approximately 3.4% of the total supply—were withdrawn from Binance by 19 newly created wallets. Analysts speculate that these wallets may be linked to a single entity, implying that large investors may be strategically positioning themselves.
The accumulated tokens were acquired at an average price of $6.82, amounting to a total investment of approximately $420 million. Despite this substantial accumulation, the entity is currently holding an unrealized loss of $14.2 million, reflecting a 3.39% decline. This suggests that institutional investors or high-net-worth individuals are anticipating a bullish movement, even as the broader market faces challenges.
Potential Double Bottom Pattern Formation
From a technical analysis perspective, the OM price chart indicates the potential formation of a double bottom pattern, a well-known bullish reversal formation. This pattern typically signals a weakening of selling pressure, allowing buyers to regain control.
OM recently bounced off the $6 support level, tested the $7.06 neckline, and subsequently experienced a pullback. The token is now retesting the support zone following the loss of its 50-day moving average (MA) support. If OM successfully holds this level and begins to reverse upwards, it could confirm the double bottom breakout, potentially driving the price significantly higher.
Key Price Levels to Monitor:
Breakout Confirmation: A move above the $7.06 level with strong volume would validate the double bottom pattern.
Potential Upside Targets: If the breakout occurs, OM could rally toward resistance levels at $8.19 and $9.08.
Bearish Scenario: A failure to maintain the $6 support zone would invalidate the bullish setup, increasing the risk of further downside.
Market Outlook and Considerations
OM currently finds itself at a critical juncture, with both accumulation trends and technical indicators suggesting a possible bullish reversal. The ongoing accumulation by large investors strengthens the outlook for the token’s long-term potential. However, its ability to sustain this momentum will depend significantly on broader market conditions, including the price movements of Bitcoin and Ethereum.
In the coming days, traders should closely monitor OM’s price action around the $6 support level. If buying pressure intensifies and a breakout occurs, OM could enter a new bullish phase. Conversely, failure to defend this support level could lead to increased selling pressure.
The cryptocurrency market remains highly dynamic, and OM’s next price movement will play a crucial role in determining its short- to medium-term trajectory.

Date: Tue, March 11, 2025 | 05:10 AM GMT
The cryptocurrency market continues its strong downtrend, which began after the late 2024 rallies. In the past 24 hours, Ethereum (ETH) has dropped over 10%, plummeting from its December high of $4,000 to its current level of $1,850, adding immense pressure across the major altcoins.
Amid this bearish momentum, two top Real World Asset (RWA) tokens, Mantra ($OM ) and Ondo ($ONDO), have been pulled down to test key support levels. While OM maintains resilience, trading in green, ONDO has suffered a sharp 9% drop.
Source: Coinmarketcap
Mantra (OM)
On the daily chart of $OM , today’s drop pushed its price down to test the 50-day Moving Average (50MA) support (marked in green circle) as well as the ascending trendline support. However, OM has shown resilience and is currently trading above this level at $6.38.
Mantra (OM) Daily Chart/Coinsprobe (Source: Tradingview)
Looking at historical price action, similar tests of the 50MA support (marked in orange circles) led to strong rebounds, fueling major rallies. If this pattern repeats, OM could aim for a retest of its recent all-time high (ATH) of $9.11, with possible consolidation ahead.
Ondo (ONDO)
On the other hand, ONDO’s weekly chart highlights an ascending broadening wedge pattern. The ongoing correction started after its rejection from the upper trendline at $2.14 (Dec 16 high), which triggered a steady downtrend towards the lower support trendline.
ONDO Weekly Chart/Coinsprobe (Source: Tradingview)
With today’s drop, $ONDO has tested the lower trendline support at $0.73 and is now trading above it at $0.79, showing some resilience. If ONDO follows its historical price movement within the pattern, a strong recovery toward the upper trendline could be on the horizon.
Is It Time to Accumulate the Dip?
Both OM and ONDO are currently at critical support levels, historically known to trigger rebounds. If these supports hold, the risk-reward ratio for accumulation becomes highly favorable for traders looking for a potential bounce. However, a breakdown below these levels could signal further downside in the short term.
Investors should closely monitor macro market conditions, BTC’s movement, and volume inflow to confirm a reversal before making decisions.