📊 OM (Mantra) Market Overview
• Current price: $0.376 USD
• 24h volatility: -6.65%
• 24h trading volume: $110.9 million USD
• Market capitalization: $361.8 million USD
• Circulating supply: 964 million OM
• Important resistance: $0.42 – $0.50
• Strong support: $0.30 – $0.35
OM experienced a sharp decline in April 2025, dropping over 90% from $6.21 to below $0.50, raising concerns about the possibility of a 'rug pull' and decreasing investor confidence. Despite recovery efforts, OM's price is still trading below $0.40, indicating that market sentiment remains weak.
📈 Technical analysis
• 15-minute timeframe (M15): RSI around 35, indicating OM is in the oversold zone.
• 1-hour timeframe (H1): MACD gives a bearish signal, with the MACD line crossing below the signal line.
• 4-hour timeframe (H4): Price is in a downtrend, with support at $0.30 and resistance at $0.42.
📌 Short-term trading strategy
1. Long strategy (M15 – H1)
• Entry point: $0.35
• Stop Loss (SL): $0.30
• Take Profit (TP): $0.42
• R:R ratio: 1:1.4
• Validity: From 09:00 to 15:00 on 17/05
2. Short strategy (H1 – H4)
• Entry point: $0.42
• Stop Loss (SL): $0.50
• Take Profit (TP): $0.35
• R:R ratio: 1:0.88
• Validity: From 10:00 to 16:00 on 17/05
⚠️ Note
• The market is in a correction phase; closely monitor support and resistance levels.
• Use stop-loss and take-profit orders wisely to manage risk.
• Avoid using high leverage in the current market conditions.