Mantra (OM) launches Ecosystem Fund – Will prices break out thanks to the RWA innovation wave?

Mantra prices (OM) remained around $6.24 on Wednesday, marking a gain of nearly 9% since the start of the week. This growth momentum largely came from positive news on Monday: the MANTRA network officially launched the MANTRA (MEF) Ecosystem Fund with a scale of more than $108 million, which aims to drive innovation and expansion in the real-world asset tokenization (RWA). Despite the still-gloomy crypto market sentiment, technical signals and on-chain data suggest that OM’s uptrend shows no signs of weakening yet, as buying from investors continues to grow.

Blockchain MANTRA launches the MANTRA Ecosystem Fund

On Monday, the MANTRA ecosystem officially launched the MANTRA Ecosystem Fund (MEF) with an impressive scale of up to 108,888,888 USD, aimed at driving a wave of innovation in the field of real-world asset tokenization (RWA). This information quickly became a catalyst, helping the price of the OM token surge nearly 10% in just one day.

MEF aims to bridge the gap between traditional finance and decentralized finance (DeFi) by investing in global blockchain projects within the next four years. The fund is backed by big names such as Laser Digital, Amber Group and Brevan Howard Digital — strategic partners who will help identify and fund potential startups through their extensive networks.

“If you are a founder, a development team, or an individual nurturing the idea of bringing the world onto the blockchain, connect with us. MEF is ready to partner with projects at any stage of development, regardless of the platform they’re building on,” MANTRA shared on platform X.

This announcement not only reinforces growth expectations for OM but also demonstrates strong confidence from major institutions in the long-term vision of MANTRA. At the same time, it adds momentum to the real asset tokenization sector — a trend that is attracting increasing interest from investors.

On-chain data shows the accumulation trend of OM

Analyzing on-chain metrics shows that the accumulation of OM by large investors is significantly increasing. According to Supply Distribution data provided by Santiment, “whales” have taken advantage of the recent price correction to gather OM.

Specifically, the amount of OM tokens held by wallets with between 100,000 and 1 million tokens has increased from 29.34 million on Monday to 30.18 million on Wednesday. Notably, the group of wallets with larger sizes – from 1 million to 10 million OM and from 10 million to 100 million OM – also recorded significant increases. The amount of OM in these wallets increased from 258.55 million to 273.81 million and from 497.92 million to 584.74 million tokens in just two days.

OM Supply Distribution Chart | Source: SantimentThis trend shows that “whales” are taking advantage of the correction phase to buy OM at attractive prices, contributing to strengthening market confidence in the long-term potential of this token.

OM Price Forecast: Bulls aim for double-digit gains

On Monday, the price of MANTRA (OM) retraced to the important support area around the 100-day exponential moving average (EMA) at the level of $5.77 and surged sharply by 9.44%. This price level also coincides with the daily support level at $5.79, further reinforcing the reliability of the support area. As of the time of writing on Wednesday, OM is trading around the level of $6.24.

If buying pressure continues to be maintained, OM is likely to target the nearest resistance level at the peak on March 27 at $6.86. A solid breakout through this level could open up a new upward trend, with the next target at the peak on March 2 at $8.23 — corresponding to an increase of more than 20% from the current level.

Daily OM/USDT Chart | Source: TradingViewOn the daily chart, the relative strength index (RSI) is at 46, approaching the neutral zone at 50, indicating that selling pressure is weakening. To strengthen the bullish trend, RSI needs to surpass the 50 mark. At the same time, the MACD indicator is also nearing a bullish crossover point. If a bullish crossover occurs, the MACD will issue a buy signal and confirm the potential continuation of the bullish trend.

However, if the price of OM cannot maintain above the 100-day EMA support line and closes below this threshold, a deeper correction scenario may occur. In that case, the next support zone is at $5.44 – corresponding to the 61.8% Fibonacci retracement level measured from the bottom on January 25 at $3.17 to the peak on February 23 at $9.12.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should do their own research before making decisions. We are not responsible for your investment decisions.

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