Our post on Ecomi Price Prediction is solely based on technical analysis. The cryptocurrency market appears to be rapidly rebounding in recent days. Furthermore, despite a brief decline in the previous two weeks, the crypto market has either remained constant or has gradually increased. At the moment, it appears that the crypto-asset business will resume its upward trend.
Let’s take a look at what the future holds for the Ecomi (OMI) in this post. But first, we’ll try to figure out what Ecomi (OMI) is, and then we’ll look at its price analysis and Ecomi price prediction.
What Exactly Is Ecomi (OMI)?
ECOMI is a Singapore-based digital business that specialises in digital collectables. Furthermore, the business develops VeVe, a blockchain-related digital antiquities platform that enables people to buy and sell items via the online platform.
Furthermore, the ECOMI is made up of two distinct components: the previous ECOMI Collect ecosystem and the ECOMI Secure Storage Wallet. The VeVe also includes a store, a second-hand market, an augmented reality showroom, and a social feed.
VeVe collaborates with companies such as Batman, Superman, Harley Quinn, Ghostbusters, the NFL, and Major League Baseball, among others. Furthermore, the OMI token is a utility token that serves as a means of exchange on the VeVe network. In addition, OMI improves the permanent ownership information for electronic valuables.
Let us now head to our Ecomi price prediction and analysis for 2022.
Also read: What is Dogecoin? A beginner’s Guide to Dogecoin
Current Market Situation for Ecomi (OMI)
The current price of ECOMI is $0.00793664, with a 24-hour trading volume of $9,928,772. In the previous 24 hours, the price of OMI had risen by 3.1%. It has a total issue of 750 billion OMI coins and a circulating supply of 240 billion OMI coins.
OKEx, Gate.io, BitForex, and AscendEX are currently the major cryptocurrency exchanges for OMI (Bitmax). Let’s move on to the next section of this Ecomi price prediction article for 2022.
Price Analysis for Ecomi (OMI)
Ecomi currently ranks at 89th on CoinGecko. When we look at the daily frame chart, we can see that OMI is aligned with the roaring bulls. Furthermore, we can see that OMI recently executed an ascending channel pattern. The price action that occurs in an upward manner through a rising parallel line is referred to as an ascending channel.
Furthermore, the chart depicts the higher highs and higher lows that comprise this price pattern. Furthermore, this pattern indicates a short-term bullish trend. In other words, OMI is preparing for a probable bullish surge in the coming days. If this occurs, the cryptocurrency may break through its barrier level and hit a positive price. Of course, if the bullish trade remains with OMI, this is most likely to occur.
If the bulls turn against crypto, the price of OMI may plummet. In summary, OMI might break out of its uptrend and plunge to a negative price. Indeed, this price level does not provide a favourable picture in the eyes of investors.
The Relative Strength Index (RSI) is approaching 60.18, indicating that the OMI is virtually overbought. As a result, a price reversal might occur at any time. As a result, traders must trade cryptocurrency with caution and avoid being swayed by market excitement. Keeping all of this in mind, traders can stay alert and avoid surprise losses caused by the crypto market’s violent fluctuations.
Ecomi Price Prediction 2022
If the current upward trend continues, the OMI will reach $0.2 by the end of 2022. Furthermore, the first half of 2022 will see a rapid increase, reaching $0.25. The growth thereafter will moderate, but we are not predicting any significant drops. With impending, collaboration, and developments, reaching $0.2 is fairly optimistic in terms of pricing, but it is undeniably achievable in the near future.
Ecomi Price Prediction 2023
If OMI holds its support level around the 200-MA, or long-term moving average, purchasers will have enough time and stability to plan the next attack mission on the critical level of $0.5, causing it to not drop but instead play continuously.
Ecomi Price Prediction 2025
OMI prices might reach $2.5 in the next three years. However, hitting this level may not be as tough for OMI as other medium, short-term, and long-term price objectives for purchase or sell orders may be discovered. According to the forecast, OMI has a high probability of attaining a new ATH during the next five years.
Ecomi Price Prediction 2031
According to the Ecomi price prediction and technical analysis, the OMI price is predicted to cross an average price level of $3.30 in 2031, with the ECOMI minimum price value expected to be $3.29 by the end of 2031. Furthermore, OMI has the potential to achieve a maximum price level of $3.34.
Conclusion
Ecomi has a promising future in 2022. With the current changes inside the OMI ecosystem and the overall crypto market, we may see OMI reach new heights. The bullish Ecomi price prediction for 2022 is $0.2. However, if investors feel that OMI, along with popular cryptocurrencies such as Bitcoin and Ethereum, is a suitable investment in 2022, it may even reach $0.25.
Also read: Storj Price Prediction: The Future of Storj
