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Optimism

OP/USDT Gained 300% in past 3 month what Next..?Analysis of the OP/USDT Technical Chart: The current trading price of OP is $2.425, representing a 27% decrease from its recent high in February. However, the chart shows that OP has generated high returns for investors in the past 3 months, with a 300% increase. Currently, OP is holding strong support at the neck line level, and it is expected to continue to do so. However, if it breaks down, there is a significant down leg waiting for the breakdown, and a 50% decrease is expected. In the event of a breakdown, the first target is expected to be $1.642, with a second target of $1.16. Two major support points to watch are $1.642 and $1.435, with the possibility of a great entry point at a retracement of 0.5 and 0.618 at these levels. The current resistance level for OP is $3.16. If you find this analysis and content helpful, please show your appreciation by liking it. Thank you. Follow For More Crypto Analysis
Short
by CryptoPatel
4
Optimism 35/47% Short-Term Target MappedOptimism (OPUSDT) just yesterday reclaimed EMA50 and EMA100 and is now trading within a bullish consolidatin pattern. Additional details can be seen on the chart. This pair can move up short-term to hit 35% and even up to 47% with not much resistance on the way up. On the way down, the recently reclaimed EMA50/100 level at $0.955 is the main support. The main targets are listed again for convinience as follows: 1) $1.320 2) $1.520 Depending on how these levels are handled, we can map the next move and figure out if a correction will follow or if OPUSDT will continue straight up. It is a young chart so we keep it short-term. Namaste.
Long
by MasterAnanda
2