16th January 2025 – (New York) Mantra, a notable cryptocurrency within the Real World Asset tokenization sector, is currently trading at $3.90, reflecting a 15% decline from its peak earlier this year. The price has remained in a consolidation phase for the past two months, suggesting a pause in the bullish momentum that characterised its performance in late 2023.
Technical analysis indicates that Mantra has formed a chart pattern akin to that of Ripple (XRP), the third-largest cryptocurrency. The daily chart reveals a sharp upward movement in November, followed by a period of consolidation, creating a symmetrical triangle pattern often termed a bullish pennant. This formation is typically viewed as a continuation signal, implying that Mantra could soon experience a significant price surge as the two lines of the triangle approach convergence.
Should this bullish scenario unfold, investors will be eyeing the all-time high of $4.6265 as a key target. A breakout above this level could pave the way for further gains, potentially reaching $5 and then $7.42, which aligns with the upper limit of the Fibonacci extension.
Mantra’s recent price trends echo those of XRP, which also saw a similar parabolic rise followed by consolidation. XRP’s price surged to a yearly high of $2.90 in November before stabilising, but recent developments—including news of potential regulatory shifts from the Securities and Exchange Commission—have reignited interest, propelling XRP back to a high of $3.40.
For Mantra, several catalysts could stimulate a price rebound. Notably, it boasts one of the highest yields in the cryptocurrency market at 5.79%, surpassing Ethereum’s yield of 3.13%. Additionally, Mantra is positioning itself as a frontrunner in the rapidly growing RWA sector, which is projected to attract significant investment in the coming years. Recent partnerships with major real estate firms such as DAMAC and MAG in the UAE further bolster its growth prospects, as these collaborations involve tokenising substantial real estate portfolios.
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