Recent events rocked the crypto scene. Over 90% of $OM’s value vanished in just one day, wiping off almost $5.4 billion in market value. There was no bounce. Purchasing during the downturn was not irrational. $OM Crash, Not answered. A cold, quiet atmosphere pervaded the scene. This was not a usual repair. Confidence was completely lost. The price decreased from $6 to $0.60; there is no indication it will rise again.
🧊 No Signs of Life—RSI Near Record Lows
The Relative Strength Index (RSI) tells the story fairly exactly. OM’s RSI sank to 4 (extreme oversold territory) and barely recovered to 10.85. Generally speaking, such low RSI readings would attract traders looking for a reversal tactic. However, the situation remains unchanged.
Lack of buying interest suggests something more than just ordinary concern. The issue is abandonment, not transient fear. $PI Token Tops, Even bottom-feeders seem to be avoiding it, which is terrifying.
📉 The Chart Breakdown — All Bearish, No Support
Currently, technologies are screaming problems; they are not lying. OM’s average directional index (ADX) at 47.23 definitely confirms a strong trend. Still, that inclination is pessimistic. The negative directional index is at 69.69; the positive one holds at 2.42. There are no buyers in sight, and merchants have complete control.
The chart shows no notable support zones, even if the first wave of anxiety seems to be fading. We have already destroyed every level that could have initiated the descent. Unless a major catalyst intervenes, OM appears to be in a state of freefall.
🤔 Why is nobody stepping in?
Currently, the situation involves more than just FUD. No one appears to have visited OM at all. Oversold prices usually rise, or dealers act speculatively. However, that is not the case in this instance. Traders are afraid but also lack interest. The market seems to have retreated. In cryptocurrencies, stability can sometimes feel more unsettling than a crash. Not only does the price drop, but trust and energy also diminish.
🚨 OM Is Deep in the Danger Zone
Not to sugarcoat it, let me say. $OM Crash is in a vital state. The current path seems hopeless without a clear reversal pattern, a fresh narrative, or outside stimulants like big news or alliances. This is not just a dip. It’s a full-scale fall-off. And the selling might not be finished unless something changes quickly.
📣 What’s Next for OM?
Are we seeing the end of OM’s journey, or is this merely the onset of a sudden upturn?
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