$OM Shows Signs of Exhaustion – Is $4.01 Support Holding?

OM

3.9944

+0.17%

$OM /USDT is currently trading at $4.0198, reflecting a slight 0.48% gain as it attempts to stabilize after reaching a high of $4.1431. The strong increase from the low of $3.7354 suggests previous bullish momentum, but the red candlestick formation suggests exhaustion near the top. With the RSI at 37.41, OM remains relatively neutral, suggesting room for either a bounce or additional decline.

If the price holds above $4.01, OM could consolidate and prepare for another bullish phase. However, failure to hold this level could push the price back towards the $3.86 area as potential support. Look for increased volume and a MACD retrace for clearer directional signals in the short term