$OG just squeezed the shorts.
About 5.05K dollars in short positions were liquidated at 5.02302. Sellers expecting a drop got trapped as price pushed higher, forcing them to close and creating instant buying pressure. Short liquidations like this can spark quick upside momentum.
Now the 5.00 to 5.02 zone becomes key.
If OG holds above this level, we could see continuation toward 5.15 and possibly 5.25 as momentum builds. But if price falls back below 5.00, this move could turn into a fake breakout, with support near 4.90 to watch.
For now bulls have the short term edge, but the reaction around 5.00 will decide whether this rally continues or fades.
OG
5.015
+5.49%