$O It dropped 28.59% in 24 hours, from 0.59 to 0.407, exactly on the same wave as BTC’s crash last night — after BTC lost 65k, the entire market panicked and sold off. On the data side, among $O’s 42M trading volume, there were large orders absorbing around 0.42, but active sell orders accounted for 63%, showing short-side control. The Fed’s meeting minutes last night sent a clear hawkish signal, delaying expectations for a rate cut to Q2 next year, directly draining liquidity from risk assets, and this cold wind is still spreading today.

Are you asking whether $O can be bought? Don’t rush. Look at on-chain data: 0.40 is a previous dense area of positions. If this level is broken on high volume, the next support is at 0.35. However, a daily MACD bullish divergence pattern is forming. If BTC can stabilize above 64k tonight, $O’s short-term rebound target is 0.47-0.50. In terms of operation: If you want to trade the bounce, go lightly long near 0.41, place a stop loss at 0.395, first take profit at 0.46, don’t be greedy. For conservatives, wait and see if 0.40 is broken, or enter on a volume-backed reclaim of 0.45. Keep position size below 5%. This wave of emotional selling hasn’t fully played out yet — I just took a small 0.5% position at 0.415 and set a stop loss to test the waters.

In such a crash, the holes dug by panic selling are often where smart money scoops up. Look closely at that 42M trading volume — are there big players quietly building positions around 0.41? But don’t blindly follow; short-term volatility remains high. Only those who can hold will get the meat. Have you caught this wave?