$OXT is currently in a bullish market structure, trading at 0.0578 USDT.

With the RSI at 69.74, the coin approaches overbought territory, indicating potential caution for new buyers.

A breakout above the resistance level at 0.0585 USDT could trigger further gains, making it an ideal entry point.

However, bear in mind the influence of Bitcoin's price movements and any macroeconomic events that may impact the market.

Investors should consider these factors to mitigate risks in their trading strategies.