#CryptoCharts101
📊 Analysis of the OM/USDT pair #CryptoCharts101
The MANTRA token (OM) is currently trading around 0.303 USDT, with an intraday range between 0.301–0.305 USDT. In recent weeks, OM has experienced a deep correction: it fell approximately 19% in 30 days and more than 92% since the beginning of the year.
🔹 Key support: The area of 0.300 USDT has remained firm. According to Binance Square, OM rebounded from 0.2768 USDT and consolidated just above critical levels like 0.298–0.300 USDT, forming higher lows and highs on the hourly chart.
🔹 Tested resistance: The range 0.307–0.310 USDT acts as a ceiling. A daily close above 0.3085–0.3070 USDT could validate a bullish move towards 0.316–0.318 USDT.
🔹 Technical momentum: Indicators on short timeframes show recovery. Oscillators on 1H indicate bullish momentum built on supports and moving averages. However, on larger timeframes, the technical outlook is still mixed or even bearish: “Strong Sell” according to daily analysis.
🔹 Volume and volatility: Daily volume has decreased by about 38% compared to previous days, indicating consolidation. Recent volatility was also influenced by forced liquidations that caused abrupt drops of up to 95% from historical highs.
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✅ Conclusion: OM/USDT shows signs of stabilization and a possible rebound from 0.300 USDT. If buyers maintain pressure, we could see a breakout towards 0.307–0.310 USDT. However, the bias on higher timeframes is still cautious, so managing risk and monitoring volumes will be key.
📌 Tip for traders: Use stops just below recent lows (~0.295 USDT) and closely watch for a daily close above 0.3085 USDT to confirm entry.
