🌹OM Token Crash and Market Impact + Chan Theory Diagram Teaching 14 Lectures 👇

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A month ago, after the collapse of tokens such as ACT, TST, and DEXE, the blockchain project OM, which focuses on DeFi and RWA (real-world assets), also experienced a collapse at 2 AM, with a drop of over 90%. This collapse was due to CEX forcibly closing the accounts of token holders. OM was once an important DeFi project in the Cosmos ecosystem, and its collapse may affect market trust in other projects on the Cosmos chain, as well as trigger regulatory scrutiny of RWA projects (such as ONDO and TokenFi). For the DeFi market, this could lead to a conservative attitude towards small and medium market cap DeFi tokens. If the locked-up funds of OM are withdrawn, it may impact the liquidity of the entire DeFi market. Furthermore, this is another case of DeFi failure, which may intensify doubts about the sustainability of high APY projects.
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🌹Technical Analysis:
BTC: The weekly chart shows that BTC has rebounded and broken through the seven-day moving average. It may continue to rebound this week, with the first target at 90,000 points, followed by 95,000 points. In the short term, the rebound may occur in three phases at 88-92-95. The 4-hour chart shows that the price is supported in the 833-823 range and faces resistance in the 855-865 range.
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🌹ETH: The weekly ETH chart has formed a doji bullish candle, with trading volume reaching a new high since November 2022, indicating a bottoming signal. The daily chart shows a weak rebound, currently within a descending channel, with resistance at 1780 points and support between 1600-1570 points. The 4-hour chart shows oscillating upward movement with a slight rebound.
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🌹Altcoins: Most altcoins rebound weaker than the market, but some strong coins perform well. The public chain coin S rebounded by 35%, and its subsequent trend can be monitored. Strong meme coins like WIF and Floki also show strong performance, and these coins can continue to be monitored.
#om# #sol# #pi# #eth# #btc#