Over the past ten days, Om has experienced an impressive growth of 70%, escaping from the two -month phase of consolidation. Altcoin recently published a new record maximum (ATH) at 6.29 dollars, which reflects a strong bull impulse.
Nevertheless, some signs suggest that continuation of growth may encounter problems in the near future.
Mantra holders book a profit
The recent surge of OM prices was met with increased activity from long -term owners (LTHS). The metric “age consumed” flared up, which indicates that long -term owners begin to sell their positions.
LTH is often considered as a backbone of the asset, and their sale can signal the shift of market moods. As these investors book a profit, this suggests that the rally can take a respite and that the price may encounter some resistance in the short term.
The fact that LP is cashed out may indicate that the current price level is considered quite attractive for these holders to ensure their success. Although this behavior is typical in a strong ascending trend, it also suggests that the rally cannot be stable without updated purchase pressure by new investors or retail merchants.
The level of acceptance of OM, which tracks the percentage of new addresses that perform its first transaction, does not see a significant surge. The absence of an impulse may indicate that Altcoin does not gain so much traction in the market compared to other coins. A higher level of adoption usually means a growing percentage and confidence in the asset. Without it, OM may face difficulties in maintaining current prices.
Regarding the flat level of acceptance, it suggests that the rally can be due to more speculative trade than fundamental growth. For sustainable upward movement, Altcoin will have to attract a more long -term interest from new users and investors. The absence of a significant surge of adoption can be the problem of the long -term looks of OMA.
Forecast OM: Continuation of ATH rally
Over the past ten days, the price of OM has increased by 70%, reaching $ 5.98. He recently formed a new ATH for $ 6.29, which confirmed a strong impulse up. The price action indicates that OM escaped from the consolidation phase and can see further benefits, but potential resistance is loosened.
Although continuation of growth is possible, the above factors suggest that maintaining a recent increase in prices may be difficult. Nevertheless, the maintenance of $ 6.00 as an auxiliary floor can save the rally in ATH, potentially pushing OM by 7.00 US dollars. If market moods remain positive, Altcoin can continue its ascending trajectory.
On the other hand, a change in market mood can lead to loss of key support levels. If the price falls below 6.00 US dollars, it can check the support of $ 4.27, and a further decline can reduce the price to $ 3.47, anifying the bull thesis and erasing recent successes.
