- The OHM coin struggles above 55-EMA during intraday.
- The 24-hour trading volume is at $13.683 million.
- OHM/BTC pair is trading positive by 16.6% at 0.01441978 BTC.
On the daily chart of OHM coin, Moving Average Exponential (EMA), consisting of 8,13,21,55-EMA, Acts as reliable support in the coin price movement. Investors may observe the price is floating above the yellow line, so until the price resides above all the EMA’s, it will assure an uptrend in Olympus.
Trading volume (32.049 M) is below the 20-day moving average (77.269 M). The volume is moderate, so the cost is trying to recover losses. Investors may also notice that the volume bar on the chart increases. This indicates that unusual volatility is common on the following trading days.
OHM Coin Price Trend Got Rejected From The Supply Zone
OHM coin daily technical chart and price trend show a downtrend. Based on the price action, the supply zone is located at 1300-1400 DAI. On the other hand, the demand zone to look for is 250-350 DAI. Therefore, the chart shows a bullish harami candlestick pattern during the day.
The RSI indicator gave a signal (bearish) with 43, projecting a sell signal in the currency for the short-term. Investors can observe a declined slope from 90 to 43 on the index. It can fall in future trading sessions.
The MACD indicator gives (bearish) cross over the signal line on October 17, demonstrating a sell signal in the coin. Additionally, Investors can see the red bars on the Histogram index.
Conclusion
Olympus value today is $897.90 with a 24-hour exchanging volume of $13,683,396. OHM cost is up 16.2% as of now. It has a coursing supply of 2.9 Million OHM coins and a complete stockpile of 3.57 Million.
The RSI shows and MACD point to a sell signal, and the traders have prompted moderate volume. In fact, the cost was rejected from the supply zone and may gradually head towards the demand zone. Likewise, the general market outlook is that this pattern will continue to plunge over the next few trading days.
Resistance Level: $1300- $1400
Support Level: $250- $350