$OM /USDT Analysis Recovery Momentum Intact $OM is trading at $4.5891, up 3.55% over the last 24 hours. The price recently dipped to $4.4438 before rebounding toward its 24-hour high of $4.9631, showing signs of buying interest at lower levels.
Key Levels:
Resistance: $4.9631 – Breaking above could drive a rally toward $5.20.
Support: $4.4438 – Holding this level is critical to prevent further downside.
Indicators:
RSI at 55.08 indicates moderate bullish momentum.
Consolidation in this range suggests a potential breakout on either side.
Trade Setup:
1. Long Entry: Above $4.9631 with targets at $5.20 and $5.50.
2. Short Entry: Below $4.4438 with targets at $4.20 and $4.00.
Risk Management: Tight stop-loss recommended due to market volatility.