OPUSDT Chart Update.

1 Jul

Hello everyone, I’m Cryptorphic.
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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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