Detailed Technical Analysis of OM Coin – As of April 30, 2025
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🌺Current Price:
Approximately $0.48
Decrease of 10.26% over 24 hours
Market Capitalization: Approximately $459 million
Daily Trading Volume: Over $185 million
Global Ranking: #120
🌺Technical Analysis:
Moving Averages (MA20, MA50, MA100): Indicate a clear downward trend.
Relative Strength Index (RSI): Below 30, indicating oversold conditions and a potential temporary rebound may occur.
Candlestick Patterns: “Bullish Engulfing” pattern on the weekly timeframe supports the possibility of a short-term rise.
🌺Support and Resistance Levels:
Strong Support: $0.45
First Resistance: $0.60
Second Resistance: $0.75
🌺Trading Signals:
TradingView: Daily and weekly “Sell” recommendation, and “Strong Sell” monthly.
Bitget: “Sell” recommendation as well, with mixed indicators.
🌺Additional Notes:
The coin is experiencing high volatility, and the decline over the past month has exceeded 90%.
Mantra has launched a plan to burn 150 million tokens and a support fund worth $108 million.
✅Recommendation:
Caution is preferred at this time, with monitoring for buying signals again after a clear break of resistances or improvement in the project's fundamental indicators
$OM