NASDAQ:OM Nears Support Level, Potential Uptick Forecasted
- Mantra DAO (OM), listed on NASDAQ, is approaching a pivotal support level at $0.2355, forecasting a potentially bullish market behavior.
- There are substantial chances of a price take-off from this level, with the next resistance poised at the $0.3 mark.
- Investors have shown a buoyant sentiment towards OM, reportedly putting more funds and purchasing more to bring the average cost down to $0.15. This buying in dips strategy could also be beneficial for other prospective investors.
Looking Ahead: Dips Purchasing Could be a Viable Strategy
Market Analysis and Investment Forecast
In the face of the existing market conditions, the trend of buying during the lows of OM is apparent. This strategy allows investors to average down their investments, thus potentially enlarging their returns during a market rise. However, investing is inherently risky, and caution must be exercised. It is deemed prudent to assess individual financial standing and appropriation of funds before venturing into the territory of cryptocurrency investments.
Disclaimer. The opinions expressed by our writers are their own and do not represent the views of JustInvestNews. The financial and market information provided on JustInvestNews is intended for informational purposes only. JustInvestNews is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Original article: https://www.tradingview.com/chart/OMUSDT/AS4XPeeR-OM-is-just-close-to-support-level-at-0-2355/
