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Mantra price has declined in recent days, entering a local bear market with a 30% drop from its all-time high. 
Mantra (<a href="https://crypto.news/price/mantra/" target="_blank">OM</a>) token was trading at $3.54, bringing its market cap to over $3.28 billion. It has become the 45th biggest crypto in the industry. 
Mantra’s recent decline pales in comparison to its strong performance this year, as it has jumped by 10,758%. 
It has also become one of the best cryptocurrencies for yield-focused investors. According <a href="https://www.stakingrewards.com/assets/proof-of-stake" target="_blank" rel="nofollow">to StakingRewards</a>, it has a yield of about 30%, making it one of the biggest yielders in the crypto industry. 
The 30% yield means that a $1,000 investment in the coin will bring in about $300 a year, all factors constant. That is a higher reward than other popular cryptocurrencies like Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank">ETH</a>) and Solana (<a href="https://crypto.news/price/solana/" target="_blank">SOL</a>). It is also much higher than what US government bonds and popular dividend ETFs are offering.&nbsp; 
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Mantra’s surge is because the developers are aiming to disrupt the Real World Asset tokenization industry, which has a multi-trillion dollar potential. They recently launched Mantra Chain, a layer-1 network made specifically for the tokenization industry. 
Analysts believe that the <a href="https://crypto.news/the-future-of-rwa-tokenization-a-call-for-standardized-verification-opinion/" target="_blank">RWA tokenization</a> sector could be a game changer in the crypto industry. For example, tokenized funds by companies like Blackrock and Franklin Templeton have achieved almost $1 billion in assets.&nbsp; 
According to <a href="https://www.statista.com/statistics/1469146/tokenization-market-size-worldwide/" target="_blank" rel="nofollow">Statista</a>, assets worth over $30 trillion will be tokenized by 2030. Mantra hopes to be the blockchain used for this tokenization.&nbsp; 
<h2 class="wp-block-heading" id="mantra-price-could-be-ripe-for-a-strong-breakout">Mantra price could be ripe for a strong breakout</h2> 
<figure class="wp-block-image size-full">
 <img loading="lazy" decoding="async" width="3574" height="1982" src="https://crypto.news/app/uploads/2024/12/Mantra-Price.png" alt="Mantra price" class="wp-image-14315474">
 <figcaption class="wp-element-caption">
 OM price chart | Source: <a href="https://crypto.news/price/mantra/" target="_blank">crypto.news</a>
 </figcaption>
</figure> 
Technicals suggest that the OM price could be on the cusp of a strong bullish breakout in the next few days. On the daily chart, the coin formed a golden cross pattern as the 50-day and 200-day Exponential Moving Averages. 
Mantra coin has remained above these averages. Also, it has formed a bullish flag chart pattern, which is made up of a vertical line and a consolidation pattern. Most notably, it has formed a falling wedge pattern, a popular bullish reversal pattern. 
A falling wedge is a pattern made up of two falling and converging trendlines. Therefore, with the wedge nearing its confluence pattern, there are signs that the Mantra price will have a strong bullish breakout.&nbsp; 
If this happens, the next point to watch will be at $4.5150, its highest point last month, which is about 28% above the current level. A drop below the support at $3 will point to more downside.&nbsp; 
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Mantra price chart pattern points to a strong breakout soon

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