The price is moving sideways in a narrow range between PDH (Previous Day High) and PDL (Previous Day Low).
The price is below the equilibrium area and EMA, indicating that selling pressure is still dominant.
Important Levels:
PDH (Nearest Resistance): ±2.11
PDL (Nearest Support): ±2.02
PWH (Previous Week High): ±2.44 – potential target if a bullish rally occurs.
PWL (Previous Week Low): ±1.63 – bearish target if a breakdown occurs.
Market Structure:
BOS (Break of Structure) has occurred, indicating a transition from bullish to bearish.
CHoCH (Change of Character) indicates that sellers are starting to take control.
The market is currently in a reaccumulation or local distribution phase, waiting for a breakout from PDH or PDL.
Trading Scenarios:
Bearish Scenario: If the price breaks and closes below PDL, then the potential to drop towards PWL area (±1.63).
Bullish Reversal: If the price can reclaim PDH and equilibrium, the potential to rise to PWH area (±2.44).
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2. Fundamental Analysis SUI (Sui Network)
About SUI:
SUI is an L1 blockchain from Mysten Labs designed for high scalability and instant transaction speeds, supported by the Move programming language (same as Aptos). Its main focus is on efficiency and user experience for Web3 applications.
Fundamental Factors to Consider:
Token Unlock: SUI has a major token unlock schedule in 2024-2025, which could cause selling pressure if not compensated by adoption and demand.
Ecosystem: Many DApps are still in the early stages. Adoption will significantly affect the price.
Investors: Backed by a16z and several major VCs, but profit-taking by early investors could exert pressure.
Market Sentiment: SUI tends to move in line with altcoin and Bitcoin sentiment. Currently, if BTC is weak, SUI is likely to correct as well.
Partnerships and Upgrades: Any major news related to collaboration with major projects or upgrades to the Move technology could be a positive catalyst.
#MantraDao 1. Technical Analysis of OM/USDT (Timeframe: 1 Hour)
Current Price: $0.7778
24-hour Increase: +46.01%
However, remain cautious as this follows a major crash from >$6 to $0.37.
Price Movement:
24-hour High: $0.9998
24-hour Low: $0.5109
MA(7): $4.037
MA(25): $5.701
MA(99): $5.814
Note: The current price is still far below all major moving averages, indicating extreme bearishness and the possibility of experiencing a dead cat bounce (temporary rebound from a sharp decline).
Volume & Volatility:
24-hour volume is very high: 534 million OM, reflecting high speculative activity.
Extreme volatility with price changes >90% in the last 24 hours = high risk.
Other Indicators:
MACD, RSI, and KD have not been displayed, but based on the candle pattern, consolidation is still occurring after panic selling.
New support has formed around $0.370 and strong resistance around $1.00.
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2. Fundamental Analysis of OM (MANTRA DAO)
About OM:
OM is the utility token of Mantra DAO, a community-based DeFi ecosystem for staking, lending, and governance.
The project was popular in 2021 but has not developed as much compared to competitors like AAVE, Compound, or Lido.
Current Fundamental Factors:
Positive:
The current price can be considered a "massive discount" for speculators or short-term traders aiming for a bounce.
Listing on Binance keeps the token with liquidity and attention.
Negative:
A decline of more than 85% in 30 days indicates significant problems, possibly:
Rug pull, system exploitation, or
Massive withdrawals by developers/whales.
There have been no significant recent positive news explaining the rebound, so the potential increase could be manipulative.
The risk of delisting or loss of community trust remains high if there is no official statement from the development team.
Current price: $84,260 Monthly decline: -14.93% (last 90 days)
Moving Averages:
MA(7): $82,604 (still below the current price – short rebound signal)
MA(25): $91,379 (still strong resistance)
MA(99): $59,364 (long-term support)
Trend:
BTC is still in a correction phase from the monthly high of $109,588.
The price has managed to stay above the important support of $82,000, but is still held back by MA25 as resistance.
The March-April candle forms a “Lower High – Lower Low” pattern = potential continuation of correction if it fails to breakout $91,000.
Volume & Market Sentiment:
Volume is relatively stable, but has not yet shown strong buying pressure.
68% of orders are on the buy side, meaning the retail market is starting to gain confidence in a rebound – but it is not strong enough without institutional support.
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2. Fundamental Analysis BTC
a. Positive Catalysts
Institutional Adoption: Pension funds and hedge funds are beginning to buy BTC as a hedge against inflation and portfolio diversification. This increases long-term investor confidence.
Upcoming Halving (2026): Historically, BTC prices tend to rise in the 12–18 months leading up to the halving, so many investors are starting to “quietly accumulate.”
BTC Spot ETF: Several BTC spot ETFs have been approved in the US, paving the way for inflows from retail and institutional investors.
b. Risks & Negative Sentiment
Tapering & Interest Rate Hikes: If the Fed becomes hawkish again, risky assets like crypto could be pressured.
Strict Regulations: Some countries (such as India and parts of the European Union) are starting to impose taxes and restrictions on crypto trading.
Global Volatility: Geopolitical conflicts and economic uncertainty may cause investors to avoid volatile assets like BTC.