FA will determine TA scenario for OM. Price Discovery likely

19 thg 9, 2020

OM is currently at a decision level, following massive dumps of presales and the first batch of unlocked tokens. For the next 30 days, the direction will be determined by FA news releases made within the next 48-96 hours. With no/negative FA, the price action of OM/USDT pair can become quite merciless, obliterating OM's value. However, it a more likely scenario of a young Polkadot DeFi project, FA news coupled with narrative is likely to move OM to the Green scenario in which a target north of 1 USDT is a possibility for OM, based on its TA. Subsequent price discovery would then need additional evaluation. Other Polkadot or DeFi projects experienced price discovery leading to 2-3x peaks after the entry of price discovery, which is not impossible for OM. However, even without that a positive scenario aims for 1.1 USDT. Another almost certain event is a listing of OM on Binance which is likely to serve as a catalyst for the potential price discovery.