After experiencing a 90% crash in April, the Layer 1 public chain MANTRA, which focuses on the tokenization of real-world assets (RWA), has made a strong rebound. On July 22, it surged by 46.27% in a single day to $0.34, with trading volume skyrocketing by 3496% to exceed 1.1 billion USD. Analysts point out that $0.50 is a key psychological resistance level, and if broken, it could challenge the $1 target price or even the historical high (ATH). This comeback occurs without significant favourable information, highlighting the project’s intrinsic momentum, but whether it can maintain its upward trend remains to be seen.
The Shadow of the Crash and the Path to Redemption
- April Black Swan: In April, the OM price plummeted 90%, with a market value evaporating by over $5.5 billion, leading to internal selling (Insider Dumping) doubts.
- Team Salvage: The MANTRA team announced a token burn plan (Token Burn) to restore confidence.
- Listing Effect Insufficient: Although the listings on Korean CEX in May and July triggered a brief rise, they failed to reverse the long-term downtrend.
- Rebound from the bottom: OM price eventually fell to the early 2024 low point, until this volume breakout.
On-chain Anomaly: Massive Volume Drives Epic Rebound
- Price Breakthrough: Breaking the ongoing 3-month downtrend channel, a big pump of 46.27% to $0.34 in 24 hours.
- Liquidity Explosion: Single-day volume reached $1.11 billion, an increase of 3496% compared to the previous day (Source: BeInCrypto)
- Market Heat: Ranks second on the daily rise list of major cryptocurrency data platforms, entering Top Trending Coins(.
- Ecological Synergy: The rebound coincides with the broad bull run in the crypto market ) Broad Bull Run (, but the rise significantly outperforms the market.
Price Prediction: Three Key Target Levels Emerge
- Psychological Level $0.50: Well-known analyst Token Sherpa pointed out that after breaking through $0.34, $0.50 is the next key psychological resistance level )Psychological Level(
- 1 Dollar Revival Plan: If it successfully stabilizes at $0.50, $1.00 will become the core target, representing a potential rise of 194% from the current price.
- Historical High Point ) ATH ( Challenge: Analyst Ualifi Araújo emphasizes that “OM will surely break through the historical high”, with the current ATH at $0.98 (created in March 2024)
On-chain Undercurrents: Interpreting Organic Growth Signals
- No Catalytic Rise: This round of big pump is not accompanied by significant favourable information announcements, and is seen as organic growth ) Organic Momentum ( sign.
- RWA Narrative Support: As the leader in the RWA sector, MANTRA’s infrastructural progress in the tokenization of real-world assets has attracted long-term funding attention.
- Changes in Holder Structure: A massive trading volume suggests new main funds entering the market, which may alter the chip distribution after the April crash.
Risk Warning: The Light and Dark Lines of Recovery
- Selling Pressure Risk: During the crash in April, the area of trapped positions is concentrated in the $0.40-$0.60 range, which may form resistance pressure )Sell-side Resistance(
- Volume Sustainability: A single-day volume increase of 3496% is difficult to maintain, and it is necessary to observe the sustainability of incremental funds.
- Ecological Progress: Project mainnet upgrade progress, RWA asset issuance scale, and other fundamental factors will determine the quality of the rebound.
Conclusion: The Trial of the RWA Leader’s Rebirth from the Flames
MANTRA )OM( announced its return with a single-day rise of 46% and $1.1 billion in transaction volume, this unannounced Liquidity Tsunami) pushed OM to the top of the CoinGecko gainers list. Analysts have set the psychological barrier at $0.50 and $1.00 revival target, anchoring key observation coordinates for the market. It is noteworthy that this rebound occurred against a backdrop of no external catalysts, highlighting the intrinsic value attraction of the RWA sector. However, the shadow of the 90% crash in April has not yet dissipated, and OM needs to continuously digest the historical trapped positions and prove its RWA infrastructure strength through mainnet ecological landing. This self-redemption of the Layer 1 public chain serves as both a pressure test for the Tokenomics( and a recovery benchmark for the entire RWA sector.
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