$OM /USDT Market Update – Selling Pressure Drags OM Below $0.29
Latest Price: $0.2849
24-Hour Change: ▼ -6.04%
Token Type: Layer 1 / Layer 2 Hybrid
24-Hour High: $0.3042
24-Hour Low: $0.2806
OM Volume (24h): 35.30 million OM
USDT Volume (24h): $10.24 million
$OM has entered a short-term bearish phase, sliding over 6% in the last 24 hours. The price dropped from its daily high of $0.3042 to a low of $0.2806, reflecting growing sell-side pressure in the market. Buyers appear cautious, while resistance has formed near the $0.2900 range.
📊 Market Depth Snapshot:
Active Sell Orders: Clustered around $0.2883 – $0.2904
Buy Support Zones: Stronger interest near $0.2801 and below
Current Order Book Bias: Slightly bearish
🔎 Short-Term Technical Outlook:
Immediate resistance lies around $0.2900–$0.2950, a key area for bullish recovery.
Holding above the $0.2800 level is crucial; if this breaks, further downside toward $0.2750–$0.2700 may unfold.
A close above $0.2950 with solid volume could indicate a shift back to a bullish trend.
🕒 Timeframes to Watch:
15-min & 1-hr charts: Show consistent lower highs – sellers still dominate.
4-hr & Daily charts: Need confirmation candles to indicate potential stabilization.
🚨 Conclusion:
OM is under visible pressure and traders should remain cautious. The $0.2800 support level is critical—its breakdown may signal further decline. For any bullish reversal, OM needs to reclaim and hold above $0.2900 with volume confirmation.
Buy and Trade Here on $OM