$OP /USDT – Still stuck in the downtrend, but showing signs of base building
After weeks of selling, #OP might be trying to carve out a local bottom near $0.72–0.74. Price is compressing in a tight range.
Breakdown:
Trend: Downtrend still intact — lower highs, lower lows.
Support: $0.722 is holding for now. It's the key short-term demand zone.
Resistance: $0.747 is the recent lower high. Needs to reclaim that to flip sentiment.
Outlook:
Sideways chop after extended bleeding — could be accumulation, but no bullish confirmation yet. A strong 4h close above $0.75 would be the first sign bulls are waking up. Until then, it’s a wait-and-watch game.