Here’s a concise technical analysis and trade signal for $OM
/USDT:💯🔥
Technical Analysis
Current Price: $3.7666
Trend: Bullish Momentum (2.91% increase over 24h)
Support Level: $3.6206 (24h low)
Resistance Level: $3.7931 (24h high)
Trade Signal
Trade Type: Buy Signal
Entry Point: $3.7666 (current market price)
Stop Loss: $3.6500 (below support)
Targets:
Target 1: $3.80 (near short-term resistance)
Target 2: $3.85 (higher resistance level)
Target 3: $3.90 (next potential resistance)
Trade Momentum
Positive momentum is building, supported by the increase in trading volume (2.36M OM traded).
RSI and MACD indicators suggest potential continuation of upward momentum, but traders should monitor for any retracements to the support area.
This is a brief snapshot; technical indicators like RSI, MACD, and volume should be monitored for confirmation.