$OM
/USDT SHOWING WEAKNESS AS PRICE TESTS SUPPORT LEVELS š
OM/USDT is trading near $0.1668, showing a -2.80% drop in the last session.
The price remains below all key moving averages ā MA(7) at 0.2141, MA(25) at 0.2210, and MA(99) at 0.2425 ā highlighting a persistent bearish trend.
š Indicators:
MACD remains in negative territory, confirming weak momentum.
RSI suggests oversold conditions, hinting at possible short-term bounce.
Bollinger Bands indicate increased volatility as price hugs the lower band.
š Market Structure:
Heavy resistance lies around $0.214 ā $0.221.
Immediate support sits near $0.163 ā $0.166, and a breakdown could push price toward $0.14 levels.
Bid pressure (54.61%) outweighs asks (45.39%), showing some buyer interest at current levels.
šØ Outlook:
If OM can defend the $0.163 support, a relief rally toward $0.20 is possible. But failure here may extend the long-term downtrend.
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