RWA Token Price Analysis: $OM, $ONDO, $MKR – Caution Ahead?

• MANTRA ($OM) faces consolidation, with price hovering between $7.40 and $7.50.
• ONDO ($ONDO) shows weak volume, with $1.24 as key support amid downward pressure.
• Maker ($MKR) struggles with bearish sentiment, testing support near $974-$975.

Real-World Asset (RWA) tokens like MANTRA ($OM), ONDO ($ONDO), and Maker ($MKR) are attracting considerable attention in the market right now. 

But even with their potential, market trends suggest we should exert caution as these tokens have been bouncing around, showing both gains and losses lately, leaving investors what’s next for the short term.

MANTRA ($OM) Price Stuck in Neutral

As of press time priced at $7.51 , MANTRA ($OM) has seen a minor decline of 1.05% over the last 24 hours. 

After briefly touching $7.59, the price took a quick dip and has now gone sideways. For now, it’s hanging around between $7.40 and $7.50.

The main hurdle for the price to climb is near $7.59-$7.60 – that’s where it hit a ceiling before. Looking down, the safety net is around $7.30, where it found its footing before trying to bounce back.

Market activity has really slowed down. The 24-hour trading volume is down by over half. This shows there’s not much strong push in either direction right now. If the price can break through $7.60, we might see a run toward higher resistance levels. But, if it falls below $7.30, watch out for a bigger drop toward $7.20.

Related: RWA Tokens Surge: $13.7B Market, MANTRA (OM) Up 42.2%

ONDO ($ONDO) Under Market Pressure

ONDO ($ONDO), currently priced at $1.25 , has declined by 1.34% in the last 24 hours. The price briefly reached $1.30 before falling. It now fluctuates between $1.24 and $1.28, indicating a downward trend . 

The $1.30 level is still the key resistance, while $1.24 has been acting as important support.

Trading volume is down almost 18%, meaning less action in the market. 

This low volume hints at not much buyer confidence. If ONDO can jump above $1.30, it might try to test the $1.35 resistance. However, if it breaks below $1.24, it’ll likely head down toward the $1.20 level.

Maker ($MKR) Trying to Recover from Bearish Trend

The price of Maker ($MKR) currently stands at $981.12 , marking a 1.90% decline in the last 24 hours. After a brief peak near $1,020, the token saw a sharp pullback.

At the time of writing, it’s attempting a slight recovery but still looks like it’s in a downtrend. The $1,020 level remains the major resistance, while support is around $974-$975.

Related: Can $JUP, $ONDO, $XTZ, $MNT, $SUI, and $OM Reclaim the $1 Mark?

Volume is up a bit, by 1.62%, which suggests some buyers are stepping in. However, overall sentiment is still bearish, as the market cap has shrunk slightly. If MKR can push above $1,020, it could retest $1,050-$1,060. 

On the other hand, if $974 gives way, we could see more downside toward the $950 support.