Olympus (OHM) is currently trading at $19.7, reflecting a 24-hour decline of 2.39%. The price has fluctuated between a high of $20.41 and a low of $19.6 over the past day, indicating a daily range of 0.81%, which shows relatively low volatility.

Trading volume stands at 772,642, representing 0.25% of the market cap, suggesting limited investor engagement in the current market conditions. The hourly moving averages indicate a bearish trend, with the 8 SMA at $19.93 (-1.18%) and the 55 SMA at $20.40 (-3.41%), confirming downward pressure on the price.

The 1-hour RSI is at 28, indicating that OHM is approaching oversold territory, which could signal a potential price reversal in the short term. Conversely, the 7-day RSI at 45 suggests a neutral market condition, showing that momentum has weakened, particularly after a 7-day price decline of approximately 5.44%.

In the context of longer-term performance, OHM has decreased by 8.49% over the past 14 days and 9.01% over the last 30 days, reflecting a consistent downtrend. The all-time high of $1415.26, reached in April 2021, serves as a stark reminder of the drastic price corrections the asset has faced since then.

Given the current market data, the bearish indicators coupled with declining RSI values suggest ongoing selling pressure. Therefore, based on the technical analysis and price trends, a Hold rating is recommended, as potential oversold conditions may provide a short-term buying opportunity if momentum shifts. However, caution is advised until stronger bullish signals emerge.