Mantra (OM) is down 20% over the last 30 days and 5% today. Despite this recent correction, it remains the second-largest RWA (real-world asset) token in the market.

The technical outlook shows growing signs of weakness, with indicators suggesting the current consolidation could shift into a downtrend. At the same time, key support levels are being tested, and a potential death cross is forming on the EMA chart.

Mantra ADX Shows The Current Consolidation Could Change

Mantra’s ADX is currently at 22.96, a drop from 26.5 just a day ago, signaling a weakening trend. The ADX, or Average Directional Index, measures the strength of a trend without indicating its direction.

Readings below 20 generally suggest a weak or non-trending market, while values above 25 indicate a strong trend is forming or in progress.

With OM’s ADX now slipping below the key 25 threshold, it suggests that the previous trend—a consolidation—may be losing strength.

The drop also aligns with early signs of a potential shift toward a downtrend, especially if selling pressure builds. If the ADX continues to fall while bearish momentum rises, it could confirm that Mantra is transitioning out of consolidation and into a downward phase.

Ichimoku Cloud Shows A Bearish Trend Could Intensify

Mantra’s Ichimoku Cloud chart currently shows a market in hesitation, with the price moving along the edge of the cloud. This positioning reflects a state of consolidation, where neither buyers nor sellers have full control, as Mantra keeps its position as the second biggest RWA coin in the market.

The Tenkan-sen (blue) and Kijun-sen (red) lines are flat and close together, a typical sign of weak momentum and sideways movement in the short term. This setup often precedes a breakout, but the direction remains uncertain until a clear move occurs.

The future cloud is thin and has turned slightly bearish (red). It indicates that support ahead is weak and could be easily broken if selling pressure increases.

Additionally, the Chikou Span (lagging line) is entangled with recent price action, another indicator that OM lacks strong directional conviction.

While the price hasn’t decisively broken below the cloud yet, any further downside could shift the bias toward a confirmed downtrend. For now, OM remains in a vulnerable position. Traders will be watching closely to see if the cloud acts as support—or gives way.

Can Mantra Fall Below $6 Soon?

MANTRA’s EMA lines are signaling potential weakness, with a possible death cross forming soon—a bearish pattern in which short-term moving averages cross below long-term ones.

If this pattern is confirmed and downward pressure increases, OM could fall to test the support at $6.15. A break below that level may lead to a further drop toward $5.85, signaling a deeper correction phase in the absence of renewed bullish momentum.

However, if sentiment around RWA coins picks up again, Mantra could see a trend reversal. In that case, OM might rally toward the $7.10 resistance level and, if broken, target $7.39 next.

Should the uptrend mirror the strength seen in previous months, OM could even climb above $8 to test $8.16 for the first time since late February.

Bitcoin (BTC) is up nearly 5% over ten days and is currently attempting to reclaim the $90,000 level. The recent uptick in whale activity, combined with strong technical indicators, is fueling optimism about a potential breakout.

Bullish patterns across both Ichimoku Cloud and EMA structures suggest the market may be gearing up for a move higher. As momentum builds, traders are watching closely to see if BTC can push toward the $100,000 mark in the coming weeks.

BTC Whales Reached Its Highest Level Since December 15

The number of Bitcoin whales—wallets holding between 1,000 and 10,000 BTC—increased from 1,980 on March 22 to 1,991 on March 25, marking the highest count since December 15.

Although modest, this rise is significant as it reflects renewed accumulation by large holders after more than three months of subdued activity.

Tracking whale wallets is crucial because these large players often move markets; their accumulation or distribution patterns can serve as early signals of broader sentiment shifts or major price moves.

Whales are typically considered “smart money,” and when their numbers rise, it often suggests increased confidence in the market’s near-term outlook.

Although the growth rate of new whales has slowed in recent days, the fact that their count has reached a multi-month high signals underlying strength.

It could imply that institutional or high-net-worth investors are positioning themselves ahead of a potential bullish move, adding weight to Bitcoin’s current support levels and possibly paving the way for further upside if momentum continues.

Bitcoin Ichimoku Cloud Paints A Good Momentum

Bitcoin’s Ichimoku Cloud chart is showing a bullish structure, with price action clearly above the cloud and the cloud itself turning green and rising ahead.

The Tenkan-sen (blue) is above the Kijun-sen (red), indicating that short-term bullish momentum is still in play. However, the two lines have started to flatten, suggesting a possible pause or consolidation.

The future cloud (Kumo) is wide and sloping upward, which signals solid underlying support and growing trend strength. Additionally, the Chikou Span (lagging line) is positioned well above past price action, further confirming bullish sentiment.

While there may be some sideways movement in the short term, the overall Ichimoku setup continues to favor the bulls unless a breakdown below the cloud shifts the outlook.

Will Bitcoin Rise Back To $100,000 In April?

Bitcoin’s EMA lines are aligning for a potential golden cross, which could signal the start of a fresh bullish phase. If this crossover happens and Bitcoin price manages to break the resistance at $88,807, it could trigger a move toward $92,928.

A strong continuation of the uptrend might then send Bitcoin to test $96,503 and $99,472, with a possible breakout above $100,000 if momentum accelerates.

On the other hand, if Bitcoin fails to break above $88,807 and faces a trend reversal, it could pull back to test the support at $84,736. A break below that level could lead to further downside toward $81,162.

If selling pressure continues, BTC might even revisit $79,970 and $76,644, potentially falling back below the $80,000 mark.

Wyoming is planning to launch its own stablecoin in July, with LayerZero as the issuance partner. The WYST stablecoin will use cash, Treasury bonds, and repurchasing agreements to maintain its peg to the US dollar.

The state is considering nine potential blockchains to host WYST. Recently, Wyoming’s fiscal conservatives balked at using state funds to buy Bitcoin. However, the stablecoin project is completely separate from the state’s Bitcoin reserve plan.

Wyoming To Enter Stablecoin Market

Stablecoins are becoming an increasingly popular topic in US government spaces, especially since President Trump recently claimed they will be an important part of global dollar dominance. Today, a state is seriously looking at a small-scale experiment, as Wyoming is partnering with LayerZero to launch its own stablecoin in July.

“We’re honored to be chosen by Wyoming as the token issuance partner for WYST, the first fiat-backed and fully-reserved stablecoin issued by a public entity in the United States. There’s no clearer signal of where finance is heading than a US state putting the dollar onchain,” LayerZero claimed via social media.

LayerZero is a prominent interoperability protocol, and it will issue Wyoming’s proposed stablecoin. The state is weighing nine potential blockchains, including Solana, Ethereum, and Polygon, to host it.

The state’s governor, Mark Gordon, announced this partnership at the DC Blockchain Summit. Interestingly, this plan does not seem to include Cynthia Lummis, one of the state’s Senators who has strongly advocated for crypto and stablecoin regulations. This will be the first time that a government entity is looking to launch its own stablecoin.

According to reports, Wyoming will include an ironclad reserve requirement for this stablecoin. Wyoming will back WYST stablecoins with cash, US Treasury bonds, and repurchase agreements, with a statutory requirement of 102% capitalization.

Apparently, the plan is to use the interest accrued from these assets to fund things like education and infrastructure.

Previously, Senator Lummis supported a Bitcoin Reserve bill in Wyoming, but it died in Committee despite the state’s strong Republican presence. Wyoming’s fiscal conservatives didn’t want to use tax dollars to buy Bitcoin; will they agree to fund stablecoin reserves?

Hopefully, it won’t come to that. The state of Wyoming has $31 billion in investments including US Treasury bonds, not to mention its own cash resources.

Ideally, some of these assets could be directed to the WYST project, and a small-scale success could lead to bigger commitments. This experiment could provide very intriguing results.