🚨 OM/USDT Perp Update – Real-Time
Price: ~$0.2569 🔼 +9.83%
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📰 News / Fundamentals
MANTRA (OM) surged after breaking above its $0.21–$0.22 demand zone and retesting it as support. No fresh ecosystem news; market sentiment remains driven by technical momentum. Speculation persists over past April crash from ~$6 to ~$0.37, now viewed as a defining moment in token structure.
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📊 Technicals
OM forms a falling wedge/breakout structure with price now hovering above the key $0.21 support zone. RSI ~50 (neutral), MACD shows bearish divergence despite rally—mixed momentum setup.
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🐋 Whale / Smart Money
On-chain data suggests accumulation near $0.21–$0.22 zones as exchange supply drops. No clear institutional buying yet.
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🔖 Support / Resistance
Support: $0.21 – $0.22 primary demand zone; $0.19 deep floor.
Resistance: $0.26 – $0.27 breakout zone; next target $0.40 if buyers sustain momentum.
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🎯 Sentiment: Neutral–Bullish
Recovery from major crash shows resilience. Price action now hinges on technical breakout above $0.26; structure supports potential continuation if volume confirms.
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🚥 Trade Ideas
Long bias: Entry near $0.22 – $0.23 on pullback or consolidation. SL below $0.21. TP1 target $0.26–$0.27, TP2 $0.34–$0.40.
Short bias: If price rejects near $0.26 – $0.27 with bearish confirmation, consider entry $0.265, SL ~$0.275, TP $0.23 – $0.22.
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Bottom-line: OM is rebuilding from deep demand zones around $0.21. Falling wedge breakout underpins bullish bias, but confirmation required above $0.26 to validate next leg toward $0.40. Watch volume and momentum indicators closely. #OM_USDT #CryptoAnalysis #MantraToken
