$OM Shows Signs of Exhaustion – Is the $4.01 Support Holding?
$OM /USDT is currently trading at $4.0198, reflecting a modest 0.48% gain as it attempts to stabilize after reaching a high of $4.1431. The strong upward rally from the low of $3.7354 suggests earlier bullish momentum, but the formation of red candles hints at exhaustion near the peak. With the RSI at 37.41, OM remains relatively neutral, suggesting room for either a rebound or a further pullback.
If the price holds above $4.01, OM may consolidate and prepare for another upward leg. However, failure to maintain this level could send the price revisiting the $3.86 zone for potential support. Watch for an uptick in volume and MACD recovery for clearer directional clues in the short term.