OP token's price trends! OP, a layer2 protocol, is currently situated at a crucial juncture with its vertical support at 1.42. In this video, we delve into the possible scenarios that might unfold based on its current trading position.
🔍 Analysis Highlights:
Vertical Support at $1.42: We're keeping a close eye on OP's performance at this level. Should the vertical support be breached, we could witness a downward movement towards 1.35, which coincides with a significant horizontal support level.
Bearish Breakdown: A drop below 1.35 could signify a more bearish sentiment, potentially leading to a further decline down to 1.06. It's essential to monitor the price action closely during this phase.
BTC Impact: In the event of a sharp decline in Bitcoin's value, there's a potential scenario where OP might experience an extended drop down to 0.92. BTC's influence on the market could contribute to increased volatility.
🔍 Analysis Highlights:
Vertical Support at $1.42: We're keeping a close eye on OP's performance at this level. Should the vertical support be breached, we could witness a downward movement towards 1.35, which coincides with a significant horizontal support level.
Bearish Breakdown: A drop below 1.35 could signify a more bearish sentiment, potentially leading to a further decline down to 1.06. It's essential to monitor the price action closely during this phase.
BTC Impact: In the event of a sharp decline in Bitcoin's value, there's a potential scenario where OP might experience an extended drop down to 0.92. BTC's influence on the market could contribute to increased volatility.
Nota
Update: Heading is OP/USDT pair not OPBNBNota
OP USDT rested at $1.42 and is currently dropping with the current price at 1.25. Expecting a price range between $0.72 to $0.76, with $0.92 serving as a support level. It could also potentially reverse from the $0.92 mark. Start accumulating from $0.92.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.