Olympus (OHM) is currently priced at $22.55, showing a slight decline of 0.49% over the last 24 hours. The daily range has been relatively tight, with a high of $22.99 and a low of $22.48, indicating low volatility in the short term.

Trading volume stands at 303,646, reflecting a market cap volume ratio of 0.08%, suggesting limited trading activity relative to the market capitalization. Short-term moving averages are trending downwards, with the 8 SMA at $22.74 showing a decline of 0.84%, and the 55 SMA at $22.92 exhibiting a more pronounced drop of 1.60%.

The 1-hour RSI is at 41, indicating that OHM is nearing oversold territory, while the 7-day RSI at 51 suggests a balanced market sentiment. Over the past week, OHM has experienced a price increase of approximately 1.98%, with stronger performance noted over the 14-day and 30-day periods, at 10.42% and 8.11% respectively.

Despite the significant historical all-time high of $1415.26 reached in April 2021, current price levels suggest a major correction has occurred. Given the recent price action and technical indicators, the market appears to be consolidating after a period of decline, yet lacks strong upward momentum.

Based on the current analysis, I recommend a Hold rating for OHM. The price is stabilizing near support levels, and while there is a potential for further short-term downside due to bearish moving averages, the longer-term price change indicators suggest a possible recovery could be on the horizon if market conditions improve.