#OM is showing potential reversal after a long-term downtrend.
🔍 Technical Observations:
The price broke through the upper boundary of the descending channel, completing the phase of decline 📉
A sideways flat has formed ( highlighted by the purple zone ), creating an accumulation zone 📦
Key support levels: $0.22 – $0.21
Resistance: $0.23 – $0.24, then the Ichimoku cloud ( around $0.29) may act as a strong barrier.
📈 Positive signals:
The price has stabilized above the 7MA and 25MA — a technical confirmation of a trend change.
SAR below price — bullish signal
Breaking through the cloud and consolidating above $0.30 will open the way for medium-term growth.
⚠️ While the price is consolidating below the cloud, uncertainty remains. Increased volume activity is needed for momentum.
💡 Conclusion: The asset is forming a base for a potential upward breakout, but the key confirmation is a breakout above the $0.30 zone. Until that moment — it's sideways and observation.
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#Gate 2025 Q2 Report Released 📊 Analysis of the asset $OMUSDT 1D
#OM is showing potential reversal after a long-term downtrend.
🔍 Technical Observations:
The price broke through the upper boundary of the descending channel, completing the phase of decline 📉
A sideways flat has formed ( highlighted by the purple zone ), creating an accumulation zone 📦
Key support levels: $0.22 – $0.21
Resistance: $0.23 – $0.24, then the Ichimoku cloud ( around $0.29) may act as a strong barrier.
📈 Positive signals:
The price has stabilized above the 7MA and 25MA — a technical confirmation of a trend change.
SAR below price — bullish signal
Breaking through the cloud and consolidating above $0.30 will open the way for medium-term growth.
⚠️ While the price is consolidating below the cloud, uncertainty remains. Increased volume activity is needed for momentum.
💡 Conclusion: The asset is forming a base for a potential upward breakout, but the key confirmation is a breakout above the $0.30 zone. Until that moment — it's sideways and observation.
#OM Altcoins #CryptoAnalysis Ichimoku #PriceAction