If price stays above that support, trend reversal could take place. An it is very interesting that the nearest strong resistance is seen only at $88 area, which is almost x10 growth potential. Resistance is confirmed by two Fibs, first applied through the all-time high, and second applied through the current corrective wave down after the downtrend breakout.
Nevertheless, the downside risk remains and will only become valid if OMG/USD will close below $7.1 low, established back in February. Only, in that case, the downtrend might continue.