$OM Long Liquidation: $5.6714K at $3.92565
$OM /USDT is in a sharp decline, falling -7.2% to hit $3.6450, triggering a massive long liquidation of $5.6714K at $3.92565. What started as a hopeful rally for the bulls has quickly turned into a liquidation nightmare. After briefly peaking at $4.10, the price faced a strong rejection, and now long positions are being wiped out as the market tumbles lower.
As liquidation pressures mount, the bears are gaining control, and $OM could be heading toward the next support level at $3.50. If that level doesn’t hold, a deeper retracement could be on the cards, potentially testing $3.00 or even $2.80.
With volatility spiking and momentum shifting in favor of the bears, it’s crucial to keep an eye on the price action. Will the bulls manage to recover, or is the bearish trend set to continue?
