Owlet sock question

Anyone here have the owlet sock? Tonight my baby’s O2 levels are between 89 and 93 and it’s really freaking me out. She’s in the snuggle me right now and it sounds like she’s struggling to breath/congested/wheezing. I’m terrified and anxiety is through the roof. Has anyone had an O2 reading like this and be okay? Maybe she’s starting a cold? She’s only 5 weeks old. Looks like I’m not getting any sleep tonight 😩