$OM /USDT 4-hour chart analysis:
đ Technical Overview:
Current Price: 0.2689 USDT
Trend: The overall mid-term trend is still bearish, though a short-term rebound is underway.
Moving Averages:
MA 7: 0.2611 â starting to curve upward (bullish short-term signal)
MA 25: 0.2820 â still sloping downward
MA 99: 0.3086 â confirms the longer-term downtrend
đ§ Key Technical Notes:
The recent bounce may be a dead cat bounce or potentially the beginning of a trend reversal â confirmation is needed.
First strong resistance lies in the 0.2750â0.2820 range.
A breakout above that zone may open the path toward 0.30â0.31.
Failure to sustain this bounce could lead to a retest of the 0.2600 level or lower.
đ§© Strategic Take:
For trend followers: Wait for a clear close above 0.2820 to confirm a shift in trend.
For short-term traders: As long as the price holds above MA7 (0.2611), intraday buy opportunities exist â but a tight stop-loss just below 0.2610 is critical.
â ïž DYOR â Do Your Own Research. This is not financial advice. Markets can be volatile â always trade responsibly!