$OG š»š OG Bearish Market | Sellers Dominate as Momentum Weakens ā ļøš£
OG is under bearish pressure, with sellers pushing prices below key support zones š»š. Market sentiment has shifted toward caution as buying strength fades, signaling potential continuation of the downtrend šØš.
š Technical indicators confirm the bearish trend:
The RSI is sliding lower šÆš, reflecting weakening buying momentum. The MACD has triggered a bearish crossover š»š», reinforcing the negative bias. Volume spikes on red candles š“š„ confirm strong sell pressure, while attempts to rebound are being rejected at resistance levels š«š.
š On-chain metrics align with the bearish setup:
Whale distribution is active š³š¦, with large holders moving tokens to exchanges š¦š ā a typical bearish signal. Exchange balances are rising, wallet growth is slowing šš§, and social sentiment around OG is cooling š¬š¶ as traders adopt a risk-off approach.
š Market outlook:
If the current trend persists, OG may continue downward or enter extended consolidation ā ļøš. Only a strong volume-driven reversal and renewed buy interest could shift momentum back to bullish territory. Risk management is critical āļøš§ .
š” Patience pays off ā±ļøš° ā wait for confirmation before entering in bearish conditions.
ā ļø Not financial advice ā always DYOR š§ š