ECOMI (OMI) seems to be rebounding sharply after hitting two-week lows at the beginning of final week. This comes even because the market continues to see elevated volatility throughout the board. However how far can the worth really go? Listed here are some highlights:
ECOMI (OMI) has reported beneficial properties of practically 20% since hitting two-week lows final Tuesday
The coin can be above its 25- and 50-day shifting averages.
At press time, ECOMI (OMI) was buying and selling at $0.004253, down round 5% for the day.
Knowledge Supply: Tradingview
ECOMI (OMI) – Value prediction and evaluation
The sharp rebound that we’ve got seen within the final two weeks seems to have pushed ECOMI (OMI) into bullish territory. For starters, the coin is now buying and selling effectively above its 25- and 50-day easy shifting averages. This might counsel that we may even see a bullish breakout sustained within the days forward.
Additionally, the MACD is now above the impartial zone, which means that the worth momentum is ascending. Nonetheless, ECOMI (OMI) might want to overcome a really essential overhead resistance of $0.48. Whereas this isn’t inconceivable, the coin has been rejected at that zone a number of instances.
And when you think about the volatility available in the market proper now, the draw back dangers are merely big. However the bullish alignment we’ve got seen may edge ECOMI (OMI) additional forward in the long run.
Is ECOMI (OMI) asset?
Based mostly in Singapore, ECOMI (OMI) focuses on digital collectibles. Consider it as the last word NFTs platform. The challenge additionally operates the VeVe NFT market, the place customers can purchase and promote collectibles.
With NFTs now anticipated to develop even additional within the years forward, ECOMI (OMI) will develop with them. Subsequently, there may be a variety of potentials right here for long-term traders to make nice returns.