$OM

🔻 OM Bearish “M” Pattern 📉⚠️ | Double-Top Signals Trouble & Whale Moves Ahead 🐋🐻

The charts are sending a loud warning: OM is tracing a textbook bearish M pattern, a double-top formation that often spells reversal and deeper downside 🩸📊. Each rally attempt has been smothered by strong resistance 🚧🛑, and now momentum looks like it’s running out of steam fast.

📉 Technical setup: The RSI is flattening 🎯😴, showing bulls are exhausted, while the MACD has already flipped into a bearish crossover 🔄⚡. Candles reveal sell pressure increasing at each test of resistance, with volume spikes turning red 🔴🎆. Together, this paints a clear picture of a market leaning bearish, with sellers tightening control.

🐋 On-chain signals are no better. Whale distribution is underway 🐳📦, with exchange balances rising steadily 🏦📈 — a red flag that large wallets are unloading into liquidity. Wallet growth is slowing down 🐌👛, signaling fading retail confidence right when OM needs community energy to defend key levels.

💬 Social sentiment has cooled 🧊📢. Telegram and Twitter no longer echo with “pump it” chants 🚀🌕; instead, traders whisper about “rugseason,” “dumptrap,” and “bagholder vibes” 💀📉. Memecoin hype has shifted elsewhere — with Bonk, Pepe, and Floki 🐶🐸🐕 stealing the spotlight — while OM risks being left behind in the bearish tide 🌊⚖️.

Zooming out, the bearish M pattern suggests that if the neckline breaks with conviction, OM could tumble into deeper support zones 💣🌪️. Smart traders know to watch for liquidation cascades as stop losses cluster just below key levels ⚔️📉.

Yet even in weakness, opportunity brews. Veteran traders remind the market that patience pays off ⏱️💼. Capitulation can set up prime entries, but fighting against a bearish M without confirmation is a fast road to rekt ⚰️🔥.