🚨 $OG /USDT: Historic Crash to $4.87 – Here's What You Need to Know

If you're watching $OG right now, you're witnessing one of the most dramatic selloffs in recent memory. Let me break down what's happening in plain terms.

The Numbers Tell a Stark Story:

OG has crashed -17.32% in the last 24 hours, dropping from a high of $5.96 down to $4.69 at its lowest point, now trading around $4.88. That's a brutal single-day decline, and the chart shows a near-vertical drop – the kind that makes your stomach turn.

What the Chart Is Showing:

Looking at the daily timeframe, you can see OG had been in a long, steady downtrend since late August when it was trading above $25. But today's action is different – this is capitulation selling.

The RSI (Relative Strength Index)at the bottom of your chart shows 3.552 on the 6-period setting. To put this in perspective: RSI measures momentum on a scale of 0-100. Anything below 30 is considered oversold. We're at 3.5– that's historically extreme. This level of oversold conditions often precedes a sharp bounce, but it also confirms the selling pressure is absolutely relentless right now.

The Bollinger Bands (those orange lines wrapping around the price) show the current price has blown straight through the lower band at $6.00. When price breaks this far outside its normal range, it signals panic – traders are dumping positions regardless of price.

The volume spike you see at the bottom is another red flag. That massive green bar shows unusually high trading activity, which typically means forced liquidations – traders using leverage got automatically closed out as prices fell, creating a cascade effect.

Why This Happened:

Two main culprits: First, leveraged long positions got liquidated in a domino effect. When prices fall, traders who borrowed money to buy get automatically forced out, which pushes prices even lower, which forces more liquidations. It's a vicious cycle.

Second, OG hasn't had significant positive catalysts or development updates lately, so when that key support around $6-7 broke, there was nothing to catch the fall.

My Honest Assessment:

The trend is clearly bearish, and this is not the time to be a hero. Yes, the RSI suggests we're deeply oversold and *could* see a relief bounce (what traders call a "dead cat bounce"), but that doesn't mean the bottom is in.

If you're thinking about entering: Wait for confirmation. Look for at least one strong green daily candle that closes above today's high before considering a position. Don't try to catch a falling knife – let the knife hit the ground first.

Current levels to watch:
- Immediate resistance: $5.96 (today's high)
- Support: $4.69 (today's low)
- Critical support: $4.00 psychological level

Trading volume shows 264.12K OG changed hands with $1.40M in turnover – significant panic selling.

Bottom line: Exercise extreme caution. This could bounce, but it could also continue lower. Wait for clear reversal signals before making any moves. 🛑

What's your take? Are you watching for a bounce or staying on the sidelines? Drop your thoughts below.

#og #fantoken #My2026FirstPost #2026CryptoOutlook #CryptoMarketWatch