Hello everyone, I’m Cryptorphic. For the past seven years, I’ve been sharing insightful charts and analysis.
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Now, let’s dive into this chart analysis:
OP is currently holding decent support at $1.7 and is likely to rally higher if it continues to hold support between $1.65 and $1.8.
OP has already dropped by 67% from its all-time high, and if it fails to hold the current support, we could see another 25%-35% drop.
OP had 31.34 million tokens (2.88%) unlocked yesterday, but it still held its position. Another 10 million tokens (0.99%) will be unlocked in 13 days.
Here are the key observations:
~ Primary Support/Entry 1: $1.65 to $1.8. ~ Lower Support/Entry 2: $1.18 to $1.38. ~ Resistance: $2.3 (21EMA). ~ Target: $5 to $6. ~ RSI: Close to the oversold range, indicating bullish momentum.
DYOR. NFA
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