Accurate technical analysis of OM coin on April 27, 2025
🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸🌸
🌺Current price and technical indicators:
Current price: approximately $0.513.
Moving averages (MA20, MA50, MA100): all indicate a downward trend and strong sell signals.
Relative Strength Index (RSI): falls in the oversold area, which may indicate a potential corrective rebound soon.
Candlestick pattern: emergence of a bullish engulfing on the weekly timeframe, supporting the possibility of a temporary rise.
🌺Support and resistance levels:
Strongest support: $0.45.
First resistance: $0.60.
Second resistance: $0.75.
🌺Short-term forecasts:
There is a symmetrical triangle pattern on the daily chart.
If a bullish breakout occurs, the price could reach $1.35 (an increase of about 70%).
If selling pressure continues, the price may return to test support at $0.35 – $0.40.
🌺Important notes:
The coin is experiencing very high volatility.
The Mantra project launched a rescue plan: burning 150 million tokens + creating a $108 million fund to support confidence.
Despite partially positive technical indicators, the fundamental situation remains cautious and turbulent.
