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?

$BTC $OM

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