📈 OM price situation in the last 24 hours
• Current price: $0.5467 USD
• 24h volatility: Up 5.13% compared to yesterday
• 24h trading volume: Approximately $232.2 million USD
• Highest price in 24h: $0.5809 USD
• Lowest price in 24h: $0.4998 USD
• All-time high (ATH): $9.01 USD
🔍 Short-term technical analysis
• Nearest support level: $0.50 USD
• Nearest resistance level: $0.58 USD
📌 Short-term futures trading strategy (next 24 hours)
✅ Scenario 1: Price increase
• Condition: Price breaks through resistance level of $0.58 USD with increased trading volume
• Price target: $0.60 USD and $0.65 USD
• Stop-loss: $0.50 USD
❌ Scenario 2: Price decrease
• Condition: Price breaks through support level of $0.50 USD with increased trading volume
• Price target: $0.45 USD and $0.40 USD
• Stop-loss: $0.58 USD
📰 Events and information related to MANTRA (OM)
• Strong price collapse: On April 13, the price of OM fell more than 90% in 24 hours, from around $6.30 down to below $0.50, wiping out more than $6 billion in market capitalization.
• Move from the development team: To restore community trust, CEO John Patrick Mullin has started the process of burning 150 million of his own OM tokens, with plans to complete by April 29. Meanwhile, MANTRA is also working with partners to burn an additional 150 million tokens, totaling a reduction of 300 million OM from the supply.
• Market impact: Although the cryptocurrency market is generally trending upwards, the price of OM has remained low since March 2024, indicating a loss of trust from investors.
⚠️ Important note
• The cryptocurrency market is highly volatile; be sure to use risk management tools like stop-loss and avoid excessive leverage.
• Keep track of news related to MANTRA and political events, as these factors can significantly influence the value of the coin.