$OM
🚨 OM on a 4H BingX chart is ringing some bearish bells! 🚨
After peaking at $0.43941, OM$OM has dropped to $0.43756, down 2.61%. The price broke below the 50-period MA (yellow line) and is testing support at $0.43, with the 200-period MA (purple line) at $0.47 acting as resistance. A descending triangle pattern is forming—a bearish setup signaling potential further downside .
The RSI (bottom) is at 50, down from overbought levels near 75, suggesting more room for a decline if momentum doesn’t shift. Volume spiked during the sell-off—bears are in control!
Traders, will OM$OM hold $0.43, or are we heading lower?