OPUSDT Chart Update.
Hello everyone, I’m Cryptorphic.
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
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
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
For the past seven years, I’ve been sharing insightful charts and analysis.
Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.
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
Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!
Thank you!
#PEACE
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