A talisman broke out of the falling spoiled pattern, hinting to a possible change in the direction. Even with uncertainty in the market, the price of the power is shown. The distinctive code is now $ 6.83, an increase of 3.50 %, and the trading volume jumped by 40 %.
Supreme analyst Amcryptoalex noticed om, saying: “$ om does not care about emptying the market. It has just erupted from the fall of the falling wheel and now aims to the previous ATH. If BTC exceeds the level of 82 thousand dollars, OM may reach a new ATH this month.” This indicates that the OM track can be affected by the stability of Bitcoin higher than the price levels Home.
The outbreak of a sorry pattern of fall
The price of om was in a long -term direction, and it is its highest level and lower lower, which was present inside a falling wedge. The collapse of this style at a price of approximately $ 6.20 to $ 6.50 indicates a bullish reflection.
When prices penetrate the upper line from a wedge decrease, they usually indicate an upward step. This penetration indicates that more buyers are entering the market, which may lead to high prices. This basic procedure has turned the previous resistance into support, which enhances the ups of the symbol.
After completing, the Mantra price is now with immediate support from $ 6.20 to $ 6.50. If the price remains higher than this area, the momentum may continue to the top. Secondary support level is at $ 5.50 -5.80 dollars, in the event of a withdrawal.
In the upscale direction, om faces resistance from $ 7.50 to $ 7.80, which is the highest previous level that can serve as a barrier. If the purchase pressure continues, the following potential resistance area is $ 8.50 -9.00 dollars, which is in line with historical levels. Cleansing these thresholds can put om closer to its highest level ever.
Also read: Analyst warns: The last time the Solana Index turned this down, the Sol price decreased by 95 %!
om market conditions and the effect of bitcoin
The broader market, especially the Bitcoin price movement, can play a role in the next step for OM. A tweet from Amcryptoalex confirmed that OM’s capabilities for an absolutely new height depend on Bitcoin to maintain levels of more than $ 82,000. If Bitcoin remains stable, Breakout om may extend further.
On the contrary, if Bitcoin undergoes a correction, the price talisman may restore low support areas before continuing to the top. Traders closely monitor the size of the size and perform the BTC to assess whether the bullish momentum in OM can maintain itself.
Future expectations talisman
With the increase in trading volume and prices increased by 3.50 % today, the outbreak of om indicates a possible continuation of the upward trend. If Bitcoin keeps Power, can test the price of om resistance levels And move towards its highest new levels. However, market conditions remain a factor, and merchants are monitored to confirm the constant momentum.
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