$OM OM/USDT Chart Analysis (2h timeframe)

Current Price: $0.5534

24h Change: -9.55%

24h High / Low: $0.6134 / $0.5446

Trend: Strong bearish continuation

Technical Indicators (summary):

Parabolic SAR: The SAR dots remain consistently above the price, confirming persistent downward momentum.

MACD: Deep in bearish territory, with both the histogram and signal lines below zero, indicating strong selling pressure.

MA5 & MA10: The price is now clearly trading under both moving averages, and the short-term MA is curving further down.

Volume: Slight increase in recent red volume bars, confirming steady distribution as price moves lower.

Price Action:

#OM has been under heavy selling pressure after failing to hold above $0.66 and $0.61 resistance levels. The chart shows a clear series of lower highs and lower lows, with the most recent breakdown driving price to $0.5534. Notably, price touched an intraday low of $0.5446, signaling a breakdown of key short-term support. The candle body remains bearish with no wicks to suggest active demand or reversal strength.

Outlook:

Bearish scenario: If $0.5446 is breached again with volume confirmation, OM could revisit $0.5020 as the next critical support level. The prevailing downtrend suggests weakness unless strong buying emerges quickly.

Bullish scenario: If bulls can reclaim $0.5720 and hold above the 10-period MA, short-term recovery could push OM toward $0.61 resistance. However, upside attempts remain fragile without a clear MACD crossover or SAR flip.

Conclusion:

OM/USDT is in a firmly bearish structure with increasing downside momentum. Until signs of a reversal appear (MACD cross, SAR shift, or price reclaiming MA levels), the pair remains exposed to further declines. Traders should monitor the $0.5440–$0.5500 area closely for breakdown or bounce opportunities.