OM update with technical analysis 🧐$OM
As of April 30, 2025, MANTRA (OM) is trading at approximately $0.4984 USD, reflecting a 7.15% decline over the past 24 hours.
Technical Overview
Current Price: $0.4984 USD
24h Change: -7.15%
24h High / Low: $0.5377 / $0.4808
Market Cap: Approximately $477 million
Circulating Supply: 958 million OM
Technical Analysis Summary
According to technical indicators:
1-Day Rating: Sell
1-Week Rating: Sell
1-Month Rating: Strong Sell
These ratings suggest a prevailing bearish trend in both short and medium terms.
🔍 Key Observations
Oversold Indicators: Daily RSI and Williams %R indicators are in oversold territories, which may indicate a potential for a short-term rebound.
Support Levels: Analysts have identified a strong support zone between $0.45 and $0.20. A weekly candle closing below this range could invalidate bullish outlooks.
Potential Reversal Zone (PRZ): Most traders anticipate a price rise from the PRZ, targeting $0.76 (+30%) and potentially up to $1.10 (+60%). However, a drop below $0.50 could signal further declines.
🧭 Recommendation
Given the current bearish indicators and the potential for further declines, it may be prudent to wait for clearer signs of a trend reversal before considering a purchase. Monitoring for a confirmed breakout above resistance levels or a sustained move above key support zones could provide more favorable entry points.
Always ensure to set appropriate stop-loss orders and manage your capital effectively to mitigate risks.
Good luck☘️🥂🍾