Just weeks ago, $OM exploded from $0.017 to an incredible $9.17, marking a rise of over +53,000%.
But the unexpected came afterward: a massive red candle brought it back to $0.41, eliminating almost all bullish momentum.
What's happening?
The Wm %R is at -99, indicating extreme oversold conditions.
Abnormally high volume during the drop.
MA(7) and MA(25) are about to cross negatively (bearish signal!).
Is this the end of the hype? Or is the market shaking out weak hands before another pump?
#Trading #análisis #crypto #Notice