🔍 Technical analysis – 1 Month frame (Monthly) for OMNI/USDT
✅ Current price: 2.943 USDT
🔻 Drop from the peak: from 33.31 to 2.94 ➜ A drop of over 90%
📉 Recorded bottom: 1.366 USDT
📈 Highest peak: 33.310 USDT
Monthly RSI: 31.81 ➜ Very close to being oversold.
💣 What is happening here and why all these red candles?
1. Collapse after early listing or Pump & Dump:
From the shape of the first candle (March or April), it appears that the price started pricing unrealistically above $30.
Then a violent mass sell-off started ➜ This is a typical scenario in many currencies at listing:
Speculators enter early
Then the whales dump what they have
Result: Sharp consecutive drop for several months
2. Absence of real buyers:
All candles are down without any actual rebound
This indicates that the currency has not entered a state of actual investment interest from the market yet.
3. The price is now close to "strong bottoms":
At the price between 1.36 – 2.85, attempts to accumulate are present
A small rebound has started to appear, but it is not confirmed yet
📉 Technically, this is what we see:
Indicator Current status
🔴 General trend Strong bearish
🔻 RSI (Monthly) 31.8 ➜ Close to being oversold (accumulation may start)
🔄 Candles All red ➜ The downtrend has not officially ended yet
📊 Volume Started to rise in the last candle ➜ Initial signal for liquidity accumulation
🔮 Forecast based on the monthly frame:
In case of a rebound If the downtrend continues
The price targets 4.20 then 5.80 Re-testing 2.50 then the previous bottom 1.36
Resistance at 3.80 must be broken Breaking 2.85 = confirmation of additional weakness
✅ Is it a failed currency?
✖️ Not necessarily a failure, but:
The currency has not yet shown a confirmed bottom
No confirmation of trend reversal
But there is a possibility that it is in an accumulation zone on the monthly frame, especially if it stays above 2.85
💡 What should you do as an investor or speculator?
Don't enter directly, but closely monitor the current monthly candle:
If it closes green above 3.50 ➜ The first positive signal after months of collapse.
If you entered from areas close to 2.80 or 2.50 ➜ place a stop loss below 2.20.
