OM👀

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☘️🥂🍾

#om #writetoearn