ECOMI (OMI) is up 20% from two-week lows

ECOMI (OMI) seems to be rebounding sharply after hitting two-week lows in the beginning of final week. This comes even because the market continues to see elevated volatility throughout the board. However how far can the value truly go? Listed here are some highlights:

• ECOMI (OMI) has reported positive factors 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.

Information Supply: Tradingview

ECOMI (OMI) – Worth prediction and evaluation

The sharp rebound that we have now 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 might even see a bullish breakout sustained within the days forward. 

Additionally, the MACD is now above the impartial zone, which means that the value 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 occasions. 

And when you think about the volatility available in the market proper now, the draw back dangers are merely enormous. However the bullish alignment we have now seen may edge ECOMI (OMI) additional forward in the long run.

Is ECOMI (OMI) a very good 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 should purchase and promote collectibles. 

With NFTs now anticipated to develop even additional within the years forward, ECOMI (OMI) will develop with them. Due to this fact, there’s plenty of potentials right here for long-term traders to make nice returns.