After a dramatic crash from its all-time high of $9.03 on February 23, 2025, to a low of $0.01728, OM has shown signs of recovery, currently trading around $0.398368. The recent surge in trading volume, exceeding $190 million in the last 24 hours, indicates renewed market interest.
📊 Technical Analysis:
Support Zone: $0.35 – $0.37
Resistance Levels: $0.42 (short-term), $0.50 (medium-term)
Indicators: RSI is approaching oversold territory, suggesting potential for a bullish reversal.
🎯 Trade Setup:
Entry Point: Consider entering between $0.36 – $0.38
Targets:
Target 1: $0.45
Target 2: $0.50
Target 3: $0.60
Stop-Loss: Place at $0.34 to manage downside risk.
Buy now👉$OM
⚠️ Risk Management:
Given the recent volatility and past controversies surrounding OM, including allegations of a rug pull and significant price manipulation, exercise caution. It's advisable to allocate only a small portion of your portfolio to this trade and monitor the market closely.
🚀 Final Thoughts:
OM's recent price action suggests potential for a short-term rally. However, due to its turbulent history, it's essential to stay informed and be prepared for rapid market changes.
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*Disclaimer: This is not financial advice. Always conduct your own research before making investment decisions.*