📊 Asset Analysis $OMUSDT (1D, Binance)
#OM shows potential reversal after a long-term downtrend.
🔍 Technical Observations:
The price broke through the upper boundary of the descending channel, completing the decline phase 📉
A sideways range has formed (highlighted in purple), creating an accumulation zone 📦
Key support levels: $0.22 – $0.21
Resistance: $0.23 – $0.24, further the Ichimoku cloud (around $0.29) may act as a strong barrier
📈 Positive Signals:
The price has settled above the 7MA and 25MA — technical confirmation of trend change
SAR below the price — bullish signal
Breaking through the cloud and settling above $0.30 will open the way for medium-term growth
⚠️ As long as the price consolidates below the cloud — uncertainty remains. Increased volume activity is needed for momentum.
💡 Conclusion: The asset is forming a base for a possible upward breakout, but the key confirmation is breaking through the $0.30+ zone. Until then — range and observation.