The coin $OM is currently trading at 0.3905 USDT, presenting a slightly bearish market structure as it hovers near its support level of 0.3863 USDT.
A breakout above the resistance level at 0.4044 USDT could provide a favorable entry point for traders.
With an RSI of 40.67, momentum suggests room for potential recovery, but watch for Bitcoin's volatility or adverse macroeconomic events that could impact overall market sentiment.
Caution is recommended, especially with current trading volume at 469,444.2.
