The price of a talisman settled at the sign of $ 6 on Tuesday, defying the fluctuations of the encryption market to reserve gains of 70 % over the past 17 days. With whales accumulation on upward pressure, can OM offer more than $ 7.50 in the coming days?
A talisman (om) penetrates the resistance of $ 6, where merchants tend towards RWA projects amid market turmoil
Mantra (om) settled on a sign of $ 6 on Tuesday, challenging the fluctuations of the encryption market to reserve the gains of 70 % over the past 17 days. Market reports indicate that the high price of om is moved by negative emotions of macroeconomic volatility, as traders seek a shelter in the real world’s assets (RWAS) such as bonds and treasury symbols.
The above -mentioned TradingVift chart explains that Z is declining from $ 3.20 to stabilize at $ 6 at the time of writing this report on February 11. This profit by 70 % occupies a talisman among the most prominent performance performance, currently in the first three assets of encryption according to the performance of the market, according to data, according to data, according to CONINECKO data.
The 10 best whale governor gets 15.6 million coins in 7 days
When medium -range altcoin like Bitcoin and Etherum excels, it often indicates an active internal climbing catalyst. The data confirm the series that, as a significant accumulation of the whale appears in recent weeks.
Santint The whale tracking scheme below highlights the balance mainly maintained by the 10 OMA, which provides an insight into the daily purchase/sale trends between institutional investors.
As of February 2, the 10 best whale whale has held a cumulative balanced talisman network of 648.2 million mothers. However, with the escalation of the trade war between the United States of China, the founding investors have greatly increased their property. By February 11, these whales accumulated 663.8 million mothers, adding 15.6 million things about 93.6 million dollars over the past seven days.
This accumulation indicates that institutional investors turn into symbolic assets as a safe haven during the fluctuations of the encryption market. When whales accumulate large quantities of symbols amid market correction, they indicate long -term confidence in the potential of upward assets. In addition, the purchases of the 93 million dollar whale provides liquidity, allowing profit providers to go out without disrupting the bullish momentum of OM.
With institutional accumulation that supports price stability, OM can extend its gathering if the purchase pressure continues in the upcoming trading sessions.
A talisman price expectations: OM $ 7.50 if this happens
Mantra price expectations indicate that om is still in a strong upward direction after a crowd of 70.46 % in only 17 days. As of February 11, PRICE is currently being unified near 6.00 dollars, which is just below its highest level of $ 6.47.
Elliott wave structure indicates that the 5 wave may lead, with possible corrective levels at 0.382 ($ 5.16), 0.5 ($ 4.75), and 0.618 ($ 4.35) Vibonacci.
MACD remains bullish, with a blue MACD line over the signal line, although the momentum weakens with the contraction of the graphic bars. The continuous intersection can confirm the negative side correction. Meanwhile, SAR is equivalent to $ 4.87 with strong support, corresponding to 0.5 Fibonacci level.
The collapse can extend over $ 6.47 of the ups of the om, with the following psychological resistance near $ 7.50. However, failure to keep $ 6.00 may lead to a decline in Fibonacci levels before resuming the upward trend. A deeper decrease less than $ 4.87 would nullify the ascending scenario, indicating a shift in the direction.
Related questions (common questions)
Increasing the prices of a talisman driven by increasing the investor’s interest in the assets of the real world (RWAS), the accumulation of a strong whale, and the total economy doubts enhances the demand for shelter assets on the chain.
If om exceeds $ 6, it may pay about $ 7.50. However, failure to maintain this level may see a decline of about $ 5.22.
The accumulation of whales provides liquidity and signals in the long -term om capabilities. Large purchases help stabilize prices and continuous support in climb.
Ibrahim
Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.
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