TL;DR<\/strong><\/p>\n The cryptocurrency market was severely affected at the start of the business week after US President Donald Trump imposed hefty tariffs on Canada, China, and Mexico. Bitcoin (BTC) briefly <\/span>plunged<\/span><\/a> below $92,000, while Ethereum (ETH) and other leading altcoins registered double-digit price declines.<\/span><\/p>\n However, it was not all doom and gloom, and some cryptocurrencies remained <\/span>on the bullish track<\/span>. One example is Mantra (OM), whose valuation tapped a new all-time high of over $6 on February 4. The asset is up a staggering 3,500% <\/span>on a yearly scale<\/span>, with some major developments potentially driving the rally.<\/span> Earlier in 2025, for instance, the team behind Mantra <\/span>signed<\/span><\/a> a $1 billion agreement deal with the investment conglomerate DAMAC Group to boost accessibility to tokenized assets in the Middle East.<\/span><\/p>\n OM\u2019s bull run <\/span>was noted by numerous market observers<\/span>, some of whom believe there is more room for growth in the near future.<\/span>\u00a0<\/span><\/p>\n The X users Erica Hazel and Cowboy Genius described the collaboration in the Middle East as a <\/span>huge<\/span> step for Mantra. The former <\/span>claimed<\/span><\/a> that \u201cthis blockchain is ready to disrupt the space in ways others can\u2019t match,\u201d predicting that the price of its native token might soar to $10.<\/span><\/p>\n For their part, Cowboy Genius <\/span>labeled<\/span><\/a> Mantra \u201cthe king of RWAs right now\u201d and envisioned a 10x rally from the current levels.\u00a0<\/span><\/p>\n Ether Wizz chipped in, too, <\/span>maintaining<\/span><\/a> that Mantra \u201cis solving real problems while others are still figuring it out.\u201d They suggested that OM\u2019s price could skyrocket to $15 by the end of the year.\u00a0<\/span><\/p>\n Despite all the analysts forecasting new peaks for OM, one essential on-chain metric signals that the token\u2019s valuation might head south in the short term.<\/span> This<\/span> is<\/span> the Relative Strength Index (RSI)<\/span>, which<\/span> measures the speed and change of price movements to help traders assess overbought or oversold conditions.<\/span>\u00a0<\/span><\/p>\n The technical analysis tool varies from 0 to 100, and readings above 70 suggest that OM could be overbought and due for a correction. The RSI recently <\/span>spiked<\/span><\/a> above the bearish mark, currently <\/span>set at<\/span> around 60.\u00a0<\/span><\/p>\n \u00a0<\/p>\n \u00a0<\/p>\n LIMITED OFFER for CryptoPotato readers at Bybit: Use this link<\/a> to register and open a $500 FREE position on any coin!<\/b><\/p>\n<\/div>\n<\/div>\n\n
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OM\u2019s Next Potential Targets<\/h2>\n
<\/span><\/p>\n![\"OM](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/02\/OM_CB-4.jpg\")
Bulls Should Have This Thing in Mind<\/span><\/h2>\n
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