📊 OM/USDT 4-Hour Chart Analysis 📉
Current Price: 0.3793 USDT (-2.94% in 24h)
Sharp downtrend over the past 15 days, dropping from 0.4600 to a low of 0.3691.
Now consolidating between 0.3700 and 0.4000, with support holding at 0.3691.
SMA acting as resistance around 0.4000–0.4100, confirming bearish sentiment.
Volume spiked during the drop but has since tapered off, hinting at a pause in selling pressure.
🔑 Key Levels:
Support: 0.3691–0.3700
Resistance: 0.4000 (SMA), 0.4200
📈 What’s Next?
Bearish: Break below 0.3691 could target 0.3500.
Bullish: Break above 0.4000 with volume might aim for 0.4200.
The overall trend remains bearish (down 48.30% in 21 days), but consolidation suggests a potential shift.
