The $OM crash is dramatic, with a 90% drop in a single candle. The official statement from Mantara ($OM) confirms the unexpected plunge from $6.35 to $0.370. Key points:
- *Extreme Oversold*: RSI at 8.60 indicates potential for rebound.
- *Fundamental Strength*: $OM's strong fundamentals might attract investors.
- *Investor Sentiment*: Crash may impact confidence.
Possible next steps:
- *Rebound Potential*: Oversold conditions can lead to price bounces.
- *Buying Opportunity*: Some investors might see this as a chance to buy into a strong project at a lower price.
What's your outlook on $OM's future?
