OM Price Prediction: Altcoin Overbought Alert

According to the daily chart, the current price of OM has encountered strong resistance near $4.23, causing it to fall back to $3.85. Meanwhile, the Relative Strength Index (RSI) has crossed 70.00, indicating that the coin has entered the overbought zone.

RSI is a commonly used momentum indicator that measures the speed and magnitude of recent price changes in cryptocurrencies to determine whether they are overbought or oversold. Generally speaking, when the RSI is below 30.00, it indicates that the market is oversold, while when the RSI is above 70.00, it means that the asset is overbought.

As OM's RSI is currently above 70.00, it indicates that the price is overbought and may face a correction in the short term. It is expected that the price of the Real-World Assets project may fall to $3.20.

In an extremely bearish scenario, the price may drop further to $2.58. However, if whales start buying again, the market sentiment could change, pushing OM prices back towards $4.54. #OM.智能策略库