OM surpasses its range, but $5.40 breakout is key to confirm bullish momentum

Market & Ticker: MANTRA –OM/USDC 

Date: 25/01/2025 
Horizon / Timing:  Tactical Mid-term / 1 to 3 month 

Strategic Scenario (6 to 12 months) 

OM/USDT remains in a strong long-term bullish trend, supported by an upward market structure. After an extended consolidation within a trading range between $3.150 and $4.400, the price has already surpassed the range on a daily close basis. 

However, the candlestick configuration and Fibonacci levels signal that further confirmation is required. Specifically, a clear breakout above the $5.40 level is necessary to fully validate the bullish move and pave the way for strategic targets of $7.900 and $12.000. 

The Strategic Support at $1.500 remains a critical safety net, protecting the bullish outlook in case of a broader market downturn. 

Tactical Scenario (1 to 3 months) 

OM/USDT is currently trading at $4.75, attempting to sustain its breakout beyond the previous range. While the daily close above $4.40 signals progress, the $5.40 Fibonacci resistance remains the key threshold for confirming a sustained bullish rally. 

Tactical key levels: 

Tactical Support: $3.150, strengthened by dynamic EMA support and previous range lows. 

Tactical Resistance / Confirmation Level: $5.40, serving as the pivotal point for validating further upside. 

Tactical Target: $7.900, as the initial objective upon confirmation of the bullish breakout. 

Tactical Alternative Target: $2.100, in the event of a failed hold above $3.150. 

The technical configuration aligns with a Wave C corrective pattern in Elliott Wave theory, suggesting an extension of the prior bullish trend initiated before the consolidation phase. 

Alternative Scenario 

If OM/USDT fails to break above $5.40, it could see a retracement back into its prior range, with a further downside move below $3.150 exposing the $2.100 Tactical Alternative Target. 

Key Technical Elements 

EMA Average: 

The combined average of the 21, 55, and 89 EMAs is $3.6109, providing a solid dynamic support zone beneath the price. 

RSI Static Signal: 

RSI (65.82) is above its SMA (52.75) and the 50% mark. 

Combined Signal: Positive, supporting a bullish outlook. 

Fibonacci Levels: 

$5.40 remains the critical resistance and confirmation level. 

Tactical Target: $7.900. 

Elliott Wave: 

Ongoing Wave C corrective pattern aligns with bullish momentum, targeting higher levels. 

Graphical Analysis: 

The trading range between $3.150 and $4.400 has been surpassed on a daily close basis, suggesting bullish momentum. 

However, the candlestick configuration calls for further confirmation with a breakout above $5.40 to validate the bullish move. 

Conclusion and Trade Recommandations (Buy) 

Confirmation Level: A breakout above $5.40 to validate long positions. 

Tactical Target: $7.900, with an extension to the strategic $12.000 target. 

Tactical Support Level: $3.150 
 

Chart: Daily Basis (Candle Stick) - Logarithmic  

Indicators: Exponential Moving Average (21/34/89) - RSI (21) 
 
 

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