A phenomenon has been observed: once OM-type coins start to weaken, they tend to fall into a prolonged downtrend. Especially when there are no clear positive catalysts, the rebound momentum remains insufficient. From a technical perspective, each rally is easily met with selling pressure, and the confidence of bullish traders is gradually eroding. Under these circumstances, a strong reversal is unlikely in the short term, and the market seems to have formed a self-reinforcing downward expectation. Many traders remain cautious about the future performance of such coins, preferring to wait and see rather than chase the market.
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ProxyCollector
· 7h ago
OM this thing is really addictive, once it drops, it just can't stop falling
With such strong selling pressure, going long is indeed a bit difficult
Let's wait and see if there's a turning point
Market expectations for this kind of asset, reverse operations are actually more likely to get caught
But to be honest, traders who still dare to chase this kind of coin are really brave
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MiningDisasterSurvivor
· 7h ago
It's the same kind of coin again. I've seen this too many times since 2018—rising sharply and then crashing, repeatedly trapping and taking profits from retail investors.
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ResearchChadButBroke
· 7h ago
OM is back to its old tricks, the decline never seems to end.
Waiting for a rebound? Ha, the momentum has already been drained.
Rather than chasing the rally, it's better to bottom fish and wait for death; anyway, it's all just watching from the sidelines.
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NftBankruptcyClub
· 7h ago
OM this coin is really just a "never-ending decline" fate, no good news and it has to die
OM is about to start a new round of decline again, the technicals are too bad
Those trying to bottom fish are all trapped, watching from the sidelines is the smartest move
Every time it surges, it gets crushed; shorting is the way to go
OM this thing is just an emotional killer, forget it
The downtrend is already set, no rescue in the short term, better to stay away
Once the popularity fades, it's over; OM is like this now
Not chasing longs is the right move, this coin has no confidence
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GasFeeNightmare
· 7h ago
OM is entering a death spiral again, every rebound gets crushed, which makes me exhausted. Instead of chasing longs, it's better to watch gas tracker and other good opportunities.
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OnchainDetective
· 7h ago
I've already said it. According to on-chain data, OM's recent decline is not a technical issue at all; the underlying capital connections are obvious. Tracking multiple addresses during those sell-offs reveals abnormal trading patterns, typical of staged dump tactics. Waiting and watching? I think it's institutions systematically fleeing.
A phenomenon has been observed: once OM-type coins start to weaken, they tend to fall into a prolonged downtrend. Especially when there are no clear positive catalysts, the rebound momentum remains insufficient. From a technical perspective, each rally is easily met with selling pressure, and the confidence of bullish traders is gradually eroding. Under these circumstances, a strong reversal is unlikely in the short term, and the market seems to have formed a self-reinforcing downward expectation. Many traders remain cautious about the future performance of such coins, preferring to wait and see rather than chase the market.