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As of May 2, OM was sitting near the wedge\u2019s lower support, a zone where past price action has repeatedly bounced. If the token breaks decisively above the wedge\u2019s upper boundary, it could trigger a technical rebound, targeting the $0.66\u2013$0.67 area.<\/p>\n
This level is roughly 50% above current prices and near the pattern\u2019s height projected upward.<\/p>\n
Supporting this outlook, the relative strength index (RSI) is deep in oversold territory at around 23, hinting at a potential momentum shift if buyers step in.<\/p>\n
However, the price remains under its key exponential moving averages (EMA 50 at $0.57 and EMA 200 at $2.45), meaning any breakout attempt must overcome these resistances to sustain a broader recovery in May.<\/p>\n
TRUMP\u2019s only uplifting fundamental is Donald Trump\u2019s dinner plans<\/a> with the top 220 holders of his controversial memecoin.<\/p>\n The Solana-based cryptocurrency jumped by over 75% overnight following the announcement on April 23, but it has since lost its upside momentum and is down approximately 25% from the local top.<\/p>\n