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🚨Has $OG Hit Bottom? What the Chart Actually Shows
Looking at your chart, there's a real story playing out here—one that mirrors how markets work when fear peaks and reason starts to return.
What we're seeing right now:
$OG just fell from about 14.82 down to 3.412. That's a dramatic drop—the kind that shakes people awake at 3 AM. But here's what matters: the crash happened fast, and now it's stabilizing. That matters because violent drops often signal we're near an exhaustion point—the market has wrung out most of its fear.
The three clues that suggest stability:
Your RSI indicators (those numbers at the bottom measuring buying and selling pressure) are sitting between 18 and 22. That's deeply oversold territory. Think of it like a spring compressed too hard—it eventually has to bounce back. When RSI gets this low, it rarely stays there long.
The orange and green bands around the price show how far the price has stretched from its normal range. Right now it's hugging the bottom. Historically, that extreme position tends to pull prices back toward the middle, like gravity working on a pendulum.
The volume bars (the colored pillars at the bottom) tell the real story: the massive selling spike is done. The panic sellers have already exited. When volume dries up after a crash, it means there's no more fuel for the downward fire.
The human element:
This crash was panic-driven—people saw red candles and thought "I'm done." But markets don't move on panic alone. They move on stories. The story shifted from "this is collapsing" to "maybe this is cheap now." That shift is where fortunes are often made.
If you're watching this:
The level around 3.36–3.40 is where things get interesting. If OG holds above there and consolidates, the risk-to-reward ratio becomes genuinely compelling. Not because it's guaranteed to bounce, but because the downside from here is limited while the upside could be significant.
That's when patient traders start paying attention.
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