Current Price: $OM is trading at $0.201-$0.2094 USD, with a 24-hour change of +0.3% to +4.8%.
Market Cap: The market cap stands at around $208.82 million to $222.369 million, with a circulating supply of approximately 1.05-1.06 billion OM tokens.
Recent Developments ยน ยฒ ยณ:
- $25 Million Token Buyback: Aims to boost confidence and reduce supply.
- Chain Migration: Proposal to fully deprecate ERC20 version and consolidate liquidity on MANTRA Chain.
- Liquidity Pool Migration: From Osmosis to MANTRA Swap for better trading efficiency.
- Staking Yields: Up to 29.9% APR.
Technical Analysis:
- RSI: Oversold, hinting at potential reversal.
- MACD: Bearish signals challenging recent momentum.
- Chart Patterns: Forming a double bottom, with potential breakout above $0.21-0.23.
Market Sentiment ยฒ:
- Bullish Views: Buyback, chain migration, and RWA narrative drive growing confidence.
- Bearish Views: Price correction to undervalued territory, mixed indicators, and volatility.
Trading Signal:
- Buy (Cautious Long): Enter on confirmed breakout above $0.21 for momentum.
- Entry Price: $0.205-$0.21
- Take Profit Targets: $0.23, $0.25, $0.30+
- Stop Loss: $0.195
Hashtags: #CryptoMarketUpdate #AltcoinTrading #RWANarrative #DeFiNews #TokenBuyback
