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. 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