OG Fan Token's recent trend has been quite volatile. In the past day, the price plummeted by 16.47%, with selling pressure quite fierce. However, from a technical perspective, things are not that simple.

First, let's look at the oversold signals. RSI6 is at 20.42, RSI12 at 20.53, and RSI24 at 21.30. All three indicators have fallen below the oversold threshold of 30, which typically suggests a potential short-term rebound in technical analysis. Interestingly, the MACD histogram recently shifted from negative to positive. Although the positive value is small at 0.00037660, it may indicate that the bearish momentum is easing. Some traders believe that this sharp decline could be a capitulation sell-off, with strong demand zones near the current price, and a rebound opportunity is imminent.

But looking at the bearish pressure, the outlook isn't so optimistic. The price has already broken below key moving averages—EMA7 at 4.465, EMA25 at 4.889, and EMA99 at 6.696—all of which are above the current price, confirming a strong downtrend across multiple timeframes. The Bollinger Bands have expanded, with the price near the lower band, indicating that downward momentum remains fierce. More concerning is the market liquidity; OG has experienced continuous net outflows, including a large outflow of 1.1 million USDT coinciding with the sharp price drop, suggesting that selling pressure in the market has not yet dissipated. Support levels have also been broken, with the price falling through recent consolidation zones.

In short, OG is currently facing a dilemma: the oversold conditions indeed suggest a potential rebound, but the overall bear market trend and ongoing capital outflows cast significant doubt on whether this rebound can truly materialize.