Olympus (OHM) is currently priced at $17.32, reflecting a 24-hour change of -2.28%. The daily trading range has been relatively tight at 0.95%, with a high of $18 and a low of $17.05, indicating a lack of volatility in the short term.

The volume of 2,140,515 suggests a moderate level of trading activity, with a volume-to-market cap ratio of 0.79%. The short-term moving averages indicate a bearish trend, particularly with the 55 SMA at $17.77 showing a decline of 2.55%, while longer-term moving averages, such as the 144 SMA at $18.79, are down by 7.83%.

Momentum indicators like the 1-hour RSI at 32 and the 7-day RSI at 38 suggest that OHM is currently in oversold territory, which may indicate a potential reversal point. However, the 7-day and 14-day price changes of -16.82% and -17.13%, respectively, highlight a strong downward trend over the past weeks.

The all-time high of $1415.26 reached in April 2021 is a distant benchmark, reinforcing the significant loss in value since then. Current price action and technical indicators reflect a sustained bearish sentiment, which could deter potential buyers in the near term.

Given the current technical indicators and price action, the recommendation is to Hold. While the oversold conditions might signal a potential reversal, the prevailing downward trend and lack of bullish momentum suggest that entering a position now could entail further downside risk. Holding would allow for reassessment if the price stabilizes and shows signs of recovery.