OMUSDT is holding support at $6.31 and RSI is oversold. The RSI indicator suggests that a rebound may be imminent for OMUSDT. A break above $7 could signal a strong bullish rally for OMUSDT. The coalition of support at the critical level is demonstrated lately by OMUSDT, even amidst outside factors, even with bad news like that concerning tariff impacts in the US. Currently, as of April 2025, OMUSDT is forming the well-discerned consolidation of its trading action above a region that, historically, provided good support floor for the price. $OM still holding the support I marked previously.Market took a hit from the US tariff news, but OM barely flinched. That's real strength.RSI is back at the oversold levels where the last rally started. Feels like a bottom to me. https://t.co/N5zVb7oJEV pic.twitter.com/ZXZHM8Vwix — BATMAN ⚡ (@CryptosBatman) April 4, 2025 Indeed, there have been repeated tests on support, seeing the price maintaining stability beyond the $6.31 mark. The Relative Strength Index (RSI) too, having reached the oversold level, sends out signals of possible imminent rebound especially given the historic behavior of the market at the same levels. Support Zone Holding Strong It shows that OMUSDT should be having a very tough support range as shown by the area between $6.31 and $6.00 in blue. This support zone has been critical for the token, acting as a floor where buyers have previously stepped in. While the market faced external challenges, such as negative US tariff news, OMUSDT has barely flinched, demonstrating solid strength in its price action. An interesting move is that despite external selling pressures, the price action stayed above this support. With RSI levels now lower than 30, OMUSDT has entered an oversold condition from which a bounce might be expected-which has been historically good for marking the onset of some heavily bullish moves, indicating that this support level would seem to hold once again. RSI at Oversold Levels: Possible Bullish Reversal? The RSI indicator visible at the bottom of the chart shows that OMUSDT is now in oversold status. This is significant since RSI returns from these levels have often indicated the start of a corrective rally. Last time RSI entered these levels, the price surged as buyers returned to the market. The same conditions currently exist, where the RSI is dipping toward the low 40s, indicating momentum change possibility. Being oversold, this token could mean the ideal entry point which participants await, just like in previous price retracements. Rebound in Prices Possible With both the current support and the RSI looking down, all things considered, OMUSDT is well and truly set up for a possible bounce-off. The chart suggests that, as the price moves above the 0.618 Fibonacci retracement level, which is at around $7.00, it could rapidly hit greater heights. Watch closely how the price moves at this level-my guess is, if OMUSDT can penetrate this resistance, we might get a clue that a larger-scale rally is on the horizon. Given previous price action in the proof of consistent support near $6.31, there seems a distinct expectation for buyers to be picking up again and driving the price higher.