$OM
/USDT Technical Analysis & Trade Signal💯🔥
Current Price: $3.8124
24h Change: +3.73%
Technical Analysis:
Price Action: OM/USDT is showing an upward trend after recently testing the 24h low of $3.6608. Price action is above the key support level, and a breakout above the $3.8405 resistance could lead to further bullish movement.
Support & Resistance Levels:
Support: $3.7320 (recent low)
Resistance: $3.8405 (24h high)
Strong Resistance: $3.8460 (market depth ask zone)
Momentum Indicators: The price is showing a bullish momentum with the recent uptick in value (+3.73%) indicating that buying pressure might be gaining strength, especially if the price can break the key resistance level around $3.8405.
Trade Signal:
Bullish Trend: If the price breaks above $3.8405 and holds, it is likely to continue upward. The overall trend is favoring a breakout to higher levels, but be mindful of potential retracements around the key levels.
Target Levels (🎯):
1. First Target: $3.9000 — A near-term resistance level, breakout continuation target.
2. Second Target: $3.9500 — A resistance level to watch if momentum persists.
3. Third Target: $4.0000 — Major round psychological resistance.
Momentum: Buy signal in place if the price stays above $3.7400 and holds the uptrend momentum.
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