Attention traders! 🚨 The analysis of $OM /USDT shows us an interesting outlook but with caution signals.
In the 1-hour chart, OM is hovering around $0.3133. We see that the price has had a slight pullback from $0.38, indicating that the previous bullish rally is losing strength. The moving averages (MA7 at $0.3081 and MA25 at $0.3098) are very close to the current price, suggesting that it may be looking for support at these levels. Watch out for that $0.2910 level, which is a key support! If it breaks this level, we could see a deeper decline.
Now, if we look at the money flow, things are getting spicy. In the last hour, 79.90% of the orders are sell orders and only 20.39% are buy orders! The big and medium money is mostly selling, and this is generating a negative money flow of -$451,704.00 in total. The 5-day big money flow chart shows us a clear trend of capital outflow, with -$4.68M in the last 5 days! This smells of manipulation, with the big players taking profits while the buying volume decreases.
For OM to catch a break, we need to see a change in that money flow and for buy orders to exceed sell orders. If it manages to break the resistance of $0.3149 (24h high), we could see an attempt at recovery. But as long as money keeps flowing out, patience will be key. This is not the time to HODL blindly!
