How long will the cryptocurrency #om go up? $Based on the 4-hour chart for OM/USDT you've provided, here are some key observations:
Current Price: $0.3764
Downtrend: Price is below all major moving averages (MA 7, 25, 99), indicating a strong bearish trend.
24h Change: -6.48%
RSI (6): 20.22 — This is deep in oversold territory, which often suggests a potential short-term bounce, though not guaranteed.
Support Level: $0.3720 (24h low), which might act as short-term support.
Likely Short-Term Behavior:
Given the current oversold condition, a short-term bounce or consolidation could happen soon. However, for the price to go up significantly or enter a bullish phase:
It would need to break above key moving averages (starting with MA 7 at $0.3908).
RSI needs to recover above 30 to confirm momentum.
Summary: $OM
OM might see a short-term upward correction, but the overall trend remains bearish unless major resistance levels are broken with strong volume. There’s no clear indication yet of a sustained upward move.
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