Technical analysis by KevinSterling about Symbol OM: Buy recommendation (3/18/2025)

Overall, OM is demonstrating relative strength compared to the broader market. After a strong rally, the price underwent a corrective phase, forming a falling wedge pattern. However, it has since broken through a key resistance level and is now attempting to consolidate above a major support zone.Despite overall market weakness, OM continues to show positive potential. From a technical perspective, this asset has garnered significant interest, reflected in its stronger performance relative to most of the market. Currently, a breakout from the falling wedge pattern—a consolidation structure within a correction—is unfolding. If buyers can sustain the price above the previously broken resistance level and maintain support above 6.752—an important base for a reversal pattern—further growth could continue in the short to mid-term.Key resistance levels: 7.39 – 7.98Key support levels: 6.752 – 6.51Notably, OM is one of the few assets maintaining an uptrend even as Bitcoin declines. Investors should focus on the critical support levels mentioned above, as well as the local resistance level at 7.05. A breakout above this level could further extend the ongoing uptrend.