$OM /USDT – SPIKE & FADE PATTERN
Price surged sharply from $0.3510 to $0.5177 in a single candle — a ~47% jump — followed by a swift retracement to $0.4310.
Currently up +14.72%, but momentum is cooling rapidly.
The large upper wick on the recent candle signals profit-taking and potential short-term exhaustion.
Key support lies near $0.4160, a breakdown of which could test $0.38.
Resistance remains heavy near $0.48–$0.52 — a rejection zone now that price failed to hold above.
Support: $0.416 / $0.379
Resistance: $0.48 / $0.517
Buy and Trade here on $OM
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