MANTRA (OM) has surged 100% this month, currently trading at $8.58 with a 24-hour trading volume of $609.6 million. MANTRA has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA), allowing it to operate as a Virtual Asset Exchange and provide Broker-Dealer, Management, and Investment Services.
This regulatory approval strengthens MANTRA’s position as a compliant player in the decentralized finance (DeFi) space, enhancing its credibility and investor confidence. The move into Dubai, a hub for digital asset innovation, strategically positions MANTRA to introduce a range of regulated DeFi products tailored to meet the evolving needs of global investors.
As digital finance grows, regulatory compliance is becoming crucial for investor trust and market adoption. This license not only bolsters MANTRA’s legal standing but also sets the stage for its continued growth in the Middle East and beyond.
Technical Analysis: Will MANTRA Break Above $9.59?
MANTRA is attempting to break above the crucial resistance level at $9.59, which could trigger further bullish momentum towards $10.07 and $10.84. However, failure to clear $9.59 may result in a pullback to the immediate support at $8.43.
The ascending channel pattern indicates a bullish continuation as long as prices remain above the $8.43 pivot point. Additionally, the 50-Day Exponential Moving Average (EMA) at $7.45 is acting as dynamic support, reinforcing the bullish sentiment.
Key Resistance Levels:
Immediate Resistance: $9.59 – A breakout above this level could target $10.07 and $10.84.
Next Resistance: $10.07 and $10.84 – Clearing these levels could push MANTRA towards $12 and beyond.
Key Support Levels:
Immediate Support: $8.43 – A drop below this level could lead to further declines.
Next Support: $7.77 and $7.13 – Critical zones to watch if selling pressure intensifies.
The bullish trend remains intact above $8.43, supported by the ascending channel pattern. However, a break below this level could trigger a bearish reversal, testing support at $7.77 or even $7.13.
Can MANTRA Hit $15? Key Drivers and Outlook
With a market cap of $8.35 billion and increasing trading volume, MANTRA is gaining traction among investors. The Dubai VASP license and RWAccelerator launch are key drivers fueling bullish sentiment. Additionally, the expansion into the Middle East aligns with MANTRA’s long-term growth strategy, leveraging Dubai’s forward-thinking regulatory landscape.
The global tokenization market is projected to grow at a CAGR of 19%, reaching $5.6 billion by 2026. By leading the RWA tokenization movement, MANTRA is well-positioned to capitalize on this trend. Moreover, Google Cloud’s support in the RWAccelerator program adds credibility and innovation potential.
However, volatility remains high, and investors should watch the $9.59 resistance and $8.43 support levels closely. A decisive breakout above $9.59 could pave the way for a rally towards $15. Conversely, failure to maintain momentum above $8.43 may trigger consolidation or a bearish reversal.
Key Insights:
Bullish Momentum Above $8.43: The ascending channel pattern supports bullish continuation if prices remain above $8.43.
Breakout Potential at $9.59: A breakout above $9.59 could push MANTRA towards $10.07 and $10.84.
Dubai Expansion Boost: VASP license and RWAccelerator launch enhance MANTRA’s regulatory compliance and growth prospects.
As MANTRA continues its upward trajectory, the $15 mark is within reach, supported by strong technical indicators and strategic growth initiatives. However, traders should monitor resistance and support levels for potential breakout or reversal signals.
Best Wallet Token ($BEST): Advanced Crypto Management & High-Yield Staking
Best Wallet Token ($BEST) powers Best Wallet, an innovative digital asset management platform designed for both novice and experienced crypto traders. Available on Google Play and the App Store, Best Wallet provides secure storage, investment insights, and integrated staking, positioning itself as a leader in the crypto management space.
What Makes Best Wallet Unique?
Best Wallet stands out from other digital wallets due to its advanced features and user-centric design:
Early-Access to Emerging Tokens: Users can invest in new crypto projects before they become widely available, maximizing potential gains.
Enhanced Security: Built on Fireblocks’ MPC-CMP security framework, Best Wallet ensures robust protection for transactions and portfolio management.
Wide Crypto Support: The platform supports over 1,000 cryptocurrencies, offering a seamless user experience for diverse crypto portfolios.
Latest Update (v2.4.5): Users can now claim tokens directly within the app, eliminating the need for third-party platforms.
Why Investors Are Bullish on $BEST
Competitive Staking Rewards: 157% APY on staking, one of the highest in the market.
Strong Investor Confidence: 169.97 million $BEST tokens staked, showing strong community support.
Rising Demand: $10.40 million raised, reflecting growing interest ahead of the next price hike.
With high staking rewards, strong backing, and advanced technology, $BEST is positioned as one of the most promising utility tokens in the industry.
This articles is written by : Nermeen Nabil Khear Abdelmalak
All rights reserved to : USAGOLDMIES . www.usagoldmines.com
You can Enjoy surfing our website categories and read more content in many fields you may like .
Why USAGoldMines ?
USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.
By Nermeen Nabil Khear 
