OM started to pull back after the surge, currently trading around 0.0745. From a moving average perspective, the price is just above the 7-hour line (approximately 0.0743), relatively higher than the 25-hour line (0.0705) and the 99-hour line (0.0702), indicating a mixed but slightly bullish technical outlook.
The key point to watch is whether it can effectively break above the 0.08-0.085 range. Once this recent high is surpassed, the subsequent potential target could be above 0.09. Currently, support levels are at 0.072-0.070 and a stronger support at the lower swing point of 0.0640.
Regarding volume, an interesting observation is that during the upward movement, trading volume significantly increased, but recent candlesticks show some contraction. To continue the upward momentum, there must be effective volume support, and the price needs to decisively break through the previous high region to confirm the direction.
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GasFeeNightmare
· 15h ago
Can I buy now?
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AmateurDAOWatcher
· 12-17 05:52
Pullbacks are the key to success
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NFTArchaeologis
· 12-17 05:49
A slow decline is just a consolidation phase
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NotGonnaMakeIt
· 12-17 05:49
Wait for 0.09 to surge again before buying the dip
OM started to pull back after the surge, currently trading around 0.0745. From a moving average perspective, the price is just above the 7-hour line (approximately 0.0743), relatively higher than the 25-hour line (0.0705) and the 99-hour line (0.0702), indicating a mixed but slightly bullish technical outlook.
The key point to watch is whether it can effectively break above the 0.08-0.085 range. Once this recent high is surpassed, the subsequent potential target could be above 0.09. Currently, support levels are at 0.072-0.070 and a stronger support at the lower swing point of 0.0640.
Regarding volume, an interesting observation is that during the upward movement, trading volume significantly increased, but recent candlesticks show some contraction. To continue the upward momentum, there must be effective volume support, and the price needs to decisively break through the previous high region to confirm the direction.