OM’s price surged 70% in the last ten days, reaching a peak of 6.29 USD. However, long-term holders are beginning to sell, suggesting potential resistance in the market. A flat adoption rate raises questions about the sustainability of this increase.
Maintaining the support level at 6.00 USD could push OM to 7.00 USD, while a break below could lead to declines to 4.27 USD or 3.47 USD. The rally seems driven by speculation rather than strong fundamentals.
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