📜 $OM / USDT - 𝗢𝗠 𝗢𝗻 𝗧𝗵𝗲 𝗩𝗲𝗿𝗴𝗲 𝗼𝗳 𝗮 𝗕𝗶𝗴 𝗗𝗿𝗼𝗽?

OM/USDT is facing bearish pressure, with the price dropping 5.84% in the last 24 hours, now at $1.4567. The 24-hour high of $1.5500 was rejected, showing weak buying interest, while the low of $1.4223 may act as support. However, a break below this level could trigger further declines.

The RSI is at 53.77 in neutral territory but trending down, indicating continued bearish momentum. The MACD remains below the signal line, confirming the bearish trend. Price is also below the upper Bollinger Band and near the middle band, reinforcing the negative outlook.

Short-term sentiment remains bearish, with potential for further downside if support levels fail. Traders should watch for broader market conditions and manage risk accordingly, using tools like stop-loss orders.

Always conduct your own research before making decisions.

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