Olympus (OHM) is currently trading at $22.21, experiencing a 24-hour decline of 3.06%. The daily trading range is relatively tight at 0.88%, indicating lower volatility in the short term, with a current volume of 551,870, which corresponds to 0.15% of its market cap.

Technical indicators suggest a bearish trend, with the hourly moving averages showing consistent downward pressure. The 8 SMA at $22.35 is down 0.64%, and the 55 SMA at $22.79 is down 2.55%, indicating that short-term momentum is weak and could lead to further declines.

The 1-hour RSI is at 29, indicating that OHM is currently oversold in the very short term, suggesting a potential for a price rebound. However, the 7-day RSI at 48 shows that momentum is neutral, meaning there is no strong buying or selling pressure driving the price in either direction.

Fundamentally, OHM remains far from its all-time high of $1415.26, reflecting significant downward pressure since its peak in April 2021. The 30-day price change of 0.67% indicates some stability, but the recent negative trends over the 7-day and 14-day periods, which are down 2.25% and 1.28% respectively, suggest that investors remain cautious.

Given the current oversold conditions in the hourly timeframe and the neutral momentum indicated by the 7-day RSI, a Hold rating is warranted. The lack of significant bullish signals and the prevailing bearish trend suggest that investors should wait for clearer signs of a reversal before committing further capital.