Technical analysis for $OM #om OM/USDT on a 4-hour timeframe:

- General trend: The price is stuck in a narrow range between a pivotal support around 0.26–0.28 USDT and resistance around 0.30–0.32 USDT; any breakout above 0.32 with good volume opens the door for upward movement.

- RSI (4 hours): Generally in a neutral to slightly bullish area, near 40–60; a breakout above 60-62 may enhance the bullish momentum.

- MACD: Potential bullish crossovers with an increase in the histogram if the price remains above the support of 0.26–0.28 and below EMA20/50.

- Nearby support: 0.26–0.28 USDT. Breaking it paves the way for a decline towards 0.24–0.25.

- Nearby resistance: 0.30–0.32 USDT; breaking it with strong volume opens up 0.34–0.36.

- Potential entry signals: Entering at the 4-hour close above 0.32 with good volume, stop below 0.28.

- Risks: High volatility for meme-coins and changing news factors.

#ETHBreaks4000 #CryptoIn401k #BitcoinSPACDeal #USFedNewChair