MANTRA

Ondo

<p><strong>Date:</strong> Wed, Sept 25, 2024, 03:02 PM GMT</p><p>The cryptocurrency market has entered a bullish phase, with optimism surrounding a strong Q4 performance. Major altcoins are showing signs of breakouts, particularly in the <a href="https://coinsprobe.com/if-history-repeats-itself-ai-tokens-like-near-fet-and-tao-could-see-a-huge-rally/" rel="noopener noreferrer nofollow">AI </a>and <a href="https://coinsprobe.com/top-layer-1-tokens-sui-and-apt-gains-bullish-momentum-more-gains-ahead/" rel="noopener noreferrer nofollow">Layer 1</a> sectors. Now, focus is shifting to Real World Asset (RWA) tokens, specifically Ondo (ONDO) and Mantra (OM), which are approaching key technical resistance levels, indicating potential rallies.</p><h3 id="1-ondo-ondo">1) Ondo (ONDO)</h3><p>Ondo has been a key player in the RWA narrative, aiming to integrate traditional and decentralized finance using public blockchains. ONDO recently found strong support at the $0.58 level, initiating a 35% rally over the past seven days. The token is currently trading at $0.8006, closing in on its critical resistance at $0.8186.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/cccfe44fd10d4aca83154c84ce4236a5.png" /></p><p>Should ONDO break above the $0.8186 resistance, the next target is $1.05, representing a potential 28% upside from its current price.</p><h3 id="2-mantra-om">2) Mantra (OM)</h3><p>Mantra, a Layer 1 blockchain designed with a focus on security and compliance, is also showing technical strength. OM has rallied 12.24% over the past week, reaching $1.19, and is forming a similar pattern to ONDO. The token is currently testing a significant resistance level at $1.22.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/96962139d33149529b4231beaf0fc612.png" /></p><p>A breakout above the $1.22 level could trigger further upward movement, with a target of $1.35, which would represent a 12% increase from current levels.</p><h3 id="what-s-next">What’s Next?</h3><p>Both ONDO and OM are exhibiting bullish technical setups, with breakouts looming on the horizon. If they can push past their respective resistance levels, a rally may follow, supported by increased trading volume and positive sentiment across the market. These tokens are well-positioned to benefit from the growing interest in the RWA narrative.</p><p><strong>Disclaimer:</strong> This article is for informational purposes only and does not constitute financial advice. Always do your own research before making any investment decisions.</p><p><strong>Read More: </strong><a href="https://coinsprobe.com/why-kaspa-is-declining-despite-the-altcoin-rally-heres-why/" rel="noopener noreferrer nofollow">Why Kaspa Is Declining Despite the Altcoin Rally: Here’s Why</a></p>

Is a Rally Coming? ONDO and OM Close to Key Breakouts in the RWA Narrative

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