The OM token has been quite lively these past few days, with the price rising over 11% in 24 hours and currently hovering around 0.0736. At first glance, the numbers may seem unremarkable, but if you focus on the daily chart, the kind of oscillating rhythm is clearly what swing traders love - not hitting the limit up, but active enough to make people eager.
Why is it suitable for swing trading?
First, let's look at the technical aspects. The MACD has turned positive, and both the DIF and DEA are slowly moving upwards. Although they haven't fully diverged yet, the bars are above the zero axis, suggesting a short-term bullish sentiment. The 7-day moving average is also gradually crossing upwards, and there are occasional spikes in trading volume, like yesterday when the trading volume exceeded 148 million tokens, indicating that there is capital being stirred up.
More importantly, there are several messages behind the scenes pushing the waves:
First, the MANTRA protocol is about to upgrade, reportedly transforming into a Layer 1 chain, and planning a 1-for-4 token split. This kind of "upgrade + split" story is what the market loves to hype, especially before the deadline (next January), making it likely to be brought up repeatedly.
Second, it has formed a major collaboration with DAMAC Group in Dubai for real estate tokenization, with a scale of 1 billion USD. This type of "real asset + crypto" theme is currently appealing to the market.
Don't just look at the positives. This coin also has large fluctuations, with a 24-hour low of 0.0643 and a high of 0.0855, nearly a 30% amplitude. What does this indicate? The operators are also manipulating it; the rise is not for long-term holding, but mostly for offloading or turnover. Therefore, chasing highs can easily lead to losses, but accumulating near support levels and quick trades might yield profits.
How to play the wave?
In simple terms: don't be greedy, don't get attached to battles.
· Pay attention to entering around the 0.064–0.068 area, and set a stop loss.
· Be cautious if it rises above 0.082, as that is a recent high point with significant selling pressure.
· If the volume suddenly shrinks, be alert to the possibility of no momentum.
Additionally, note that this coin is still in dispute with some trading platforms, and market sentiment can easily be swayed, so don't hold too heavy a position, and if you make a profit, know when to exit. $OM
