🚨 $OM Stabilizes at $3.9725 – Is a Reversal on the Horizon?
$OM is currently trading at $3.9725, reflecting a slight 1.58% drop over the last 24 hours. The price has rebounded from its 24-hour low of $3.9095 after failing to hold momentum near its daily high of $4.1257. The RSI at 43.85 indicates mild bearish pressure, while the MACD remains in the negative zone, signaling the continuation of selling momentum with a potential for recovery.
OM is now testing its support zone, and holding above the key level at $3.8645 is critical for avoiding further downside. A breakout above the resistance near $4.0140 could reignite bullish interest, potentially leading to a stronger reversal. Traders should remain vigilant as volume surges could confirm the next directional move.