$OM Long periods of inactivity, sudden spikes and drops—what's really going on? Let me help you clear up your confusion.
According to the latest news: Regulatory dynamics and ecological progress are disrupting the market.
This morning, the U.S. SEC proposed a new draft for crypto asset custody rules, triggering a general pullback in small and mid-cap tokens, with OM experiencing sell-offs due to market sentiment.
At the same time, the OM ecosystem's cross-chain bridge protocol has postponed its launch by two weeks due to security audit delays, leading some investors to choose to exit the market temporarily. On-chain data shows a 220% increase in large transfer volumes over the last 6 hours, putting short-term pressure on liquidity.
Although the team has promised to announce technical details for the repair plan this week, the market is highly sensitive to delays, and panic selling has not yet fully subsided.
Today's trend: Low volume testing the bottom, prioritizing defense.
The half-hour K-line chart shows that OM has been oscillating downward from around 8.0 in the morning, with a low point touching the 1.8 support area. Trading volume has sharply decreased from a peak of 80M to 1.8M, displaying a typical pattern of declining without volume.
The current price is testing around 2.0 repeatedly. If it cannot stabilize above the 2.3 dense chip area before the U.S. market opens, there is a risk of inertia downtrends.
My personal view is clear: In the context where ecological headwinds have not cleared and regulatory uncertainties are compounded, OM lacks strong rebound momentum in the short term.
In a weak market, defense is more important than offense.
I am Wenbin. If you want to delve deeper into the crypto world but can’t find your bearings, and you want to quickly get started and understand the information gap, follow me for first-hand information and in-depth analysis!
