OM Price in a Wedge: Breakout Potential Near $0.36

The OM price is currently trapped within a descending wedge pattern, with the support level at $0.36 holding firm against multiple retests. This suggests imminent breakout activity. Long-wick candlesticks on May 7-8 indicate indecision and low volatility, often preceding significant directional movement in the asset’s price action. A strong closing with full-bodied green candles on May 8 pushed OM near $0.375, displaying buying strength and momentum for a breakout.