Olympus (OHM) is currently priced at $21.48, reflecting a slight decline of 0.53% over the past 24 hours. The daily trading range has been narrow, fluctuating between a high of $21.80 and a low of $21.34, which indicates a consolidation phase in the short term.

Volume remains relatively low at 311,448, corresponding to only 0.09% of the market cap, suggesting limited trading interest at this price level. The hourly moving averages indicate a bearish trend, with all key SMAs showing negative changes, further reinforcing a lack of upward momentum in the near term.

The one-hour RSI sits at 40, which indicates a near-neutral sentiment, while the seven-day RSI at 49 suggests that the asset is neither overbought nor oversold. However, the negative price changes over various timeframes—down 0.76% over the last week, 1.55% over 14 days, and 3.22% over 30 days—point to a weakening price action and potential bearish sentiment.

Given that the all-time high for OHM was $1415.26, the current price is significantly depressed, indicating a long-term downtrend. The combination of low trading volume, negative moving averages, and declining RSI metrics suggests that investors may be hesitant to enter new positions.

Based on the current analysis, the recommendation is to Hold. The technical indicators do not present a compelling case for immediate buying, as the asset appears to be in a consolidation phase with bearish tendencies. However, long-term investors might consider maintaining positions until clearer bullish signals emerge.