Ecomi Price Prediction – Will OMI Price Hit $0.05 in 2021?

This Ecomi (OMI) Price Prediction 2021 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our OMI price analysis and prediction.

Over the past few days, the crypto market looks to be recovering fast. Moreover, after the dip in the past two weeks, the crypto market either remains stable or surges steadily. At present, it looks like the crypto-asset industry will rise high again.

Now that we’ve got some ideas about OMI, do you think OMI will be a profitable cryptocurrency this year? Let us find out together in this CoinQuora Ecomi (OMI) price analysis and price prediction 2021. But before we go there, let us understand first, “what is Ecomi (OMI)?”

What Is Ecomi (OMI)?

ECOMI is a Singapore-related tech company in the space of digitible collectibles. Moreover, the company creates VeVe, which is a blockchain-related virtual collectibles marketplace, for users to purchase and share their collectibles over the social network service.

More so, the ECOMI consists of two different elements: the former ECOMI Collect ecosystem and the ECOMI Secure Storage Wallet. In addition, the VeVe contains the VeVe store, a second-hand market, an augmented reality showroom and a social feed.

VeVe works with brands such as Batman, Superman, Harley Quinn, Ghostbuster, NFL and MLB, along with others. In addition, the OMI token is a utility token which is utilized as a medium of exchange on the VeVe platform. Added to this, OMI also enhances the immutable ownership records for the digital collectibles.

Now that we are fully aware of “what is Ecomi (OMI)?”, what are we waiting for? Let us now head to our OMI price analysis and prediction for 2021.

Ecomi (OMI) Current Market Status

As of the time of writing this Ecomi price analysis, OMI trades at $0.0055 with a 24-hour trading volume of $9,791,827. The price of OMI has increased by 4.4% in the last 24 hours.

Furthermore, OMI has a current circulating supply of 166.29B OMI. Currently, the top cryptocurrency exchanges for OMI are OKEx, Gate.io, BitForex, and AscendEX (Bitmax).

Now, let’s proceed to the next part of this OMI technical analysis for 2021.

Ecomi (OMI) Price Analysis 2021

Currently, Ecomi holds the 89th place on CoinGecko. But will the latest upgrades, developments, and changes in the OMI blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this OMI price prediction article.

Based on the chart above, OMI positions itself along with the raging bulls. Today, OMI trades at a high price of $0.0055. In addition, we can see that OMI recently performed an Ascending Channel pattern. An ascending channel is the price action that occurs in an upward direction through a rising parallel line.

More so, the chart shows the Higher Highs and Higher Lows form this price pattern. In addition, this pattern represents a short-term bullish.

In other words, OMI is gearing itself for a possible bullish rally in the days to come. If this happens, the crypto might go beyond its resistance level and reach the bullish price. Of course, this is most likely to happen if the bullish market continues to reside with OMI.

Conversely, if the bulls turn against crypto, the price of OMI might fall. In short, OMI might break out from its uptrend position and nosedive to a bearish price. Indeed, this price level is not a good picture in the eyes of the investors.

The Relative Strength Index (RSI) is close to 60.18, which means that OMI is nearly overbought. Hence, this may lead to a price reversal at any given time. 

Therefore, traders must trade crypto carefully and must not be affected by the market hype. Keeping all this in mind, traders can be aware and move away from unexpected losses due to the crypto market’s wild swings.

Let us also look at the Simple Moving Average (SMA) and the Exponential Moving Average (EMA) of OMI.

Since the start of 2021, OMI’s price has seen many bullish moves which are higher than the previous one. More so, these are followed by fluctuations, consolidation, and corrections right away. Taking this into consideration, OMI has a competitive market this 2021.

Ecomi (OMI) Price Prediction 2021

The chart below shows that Ecomi has performed great over the past few days. Moreover, the OMI price increased 100% in the last 30 days. If this trend continues, OMI might run along with the bulls, overtaking its $0.0125 resistance level and climb higher.

Conversely, if the investors turn against the crypto, the bears might take over and dethrone OMI from its uptrend position. In simpler terms, the price of OMI might drop to almost $0.0049, a bearish signal.

Meanwhile, our long-term OMI price prediction 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH) at about $0.0138 this year. However, that will only happen if it breaks many previous psychological resistances.

Ecomi (OMI) Price Prediction 2022

If this bullish trend continues, OMI will reach $0.2 by the end of 2022. Moreover, the first half of 2022 is going to show fast growth, up to $0.25. Then this rise will slow down, but no major falls are expected. With upcoming, partnership, and developments reaching $0.2 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Ecomi (OMI) Price Prediction 2023

If OMI holds the support level around 200-MA, the long-term moving average, buyers will then have ample time and stability to forge the next attack mission on the vital level at $0.5, making it not plummet but play consistently.

Ecomi (OMI) Price Prediction 2024

As per the latest upgrades, developments, OMI price prediction, and new project forecasts of the platform, OMI investors could expect many partnerships and integrations around 2024. Moreover, this might boost the price of OMI in the crypto market, and it will be the best investment as the price can spike and reach around $1.

Ecomi (OMI) Price Prediction 2025

In the next four years, OMI prices could race up to $2.5. However, reaching this level could not be so difficult for OMI as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that OMI has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Conclusion

Ecomi has a bright future ahead of it in 2021. With the ongoing developments happening within the OMI ecosystem, as well as in the overall crypto market, we may see OMI reach new heights.

Bullish OMI price prediction 2021 is $0.0125. However, it may even reach $0.05 if investors have decided that OMI is a good investment in 2021, along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.