$OM
Support and Resistances + Important Levels
Current Trading Range: between ~ $0.25 – $0.38 according to the daily market.
Pivot Points (Bitget):
First Support: $0.2667
Initial Resistance: $0.4225
Medium Range: $0.33 – $0.38.
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⚠️ Historical Context and Risks
In April, the currency experienced a staggering decline of ~90% within hours, from ~ $6.3 to ~ $0.006, due to a sudden sell-off driven by intense liquidity and high token concentration.
The report highlighted liquidity and concentration risks, as refinancing actions by major holders caused a sharp drop and subsequent loss of confidence, reflecting the currency's exposure to sharp volatility.
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📈 Upcoming Forecasts
Short-term (Days–Week): fluctuations continue between $0.30 – $0.38. Support around $0.27, and resistance at $0.42. A break of resistance could push the price towards $0.50.
Medium-term (Months): CoinCodex forecasts stability around $0.33–$0.34 with slight growth by the end of 2025 (~ $0.339), with gradual escalation potential to $0.50 by mid-2026.