$OP Today, let's take a look at OP short-term:
As the leading token of Ethereum Layer 2, it was favored by many institutions and investors in the early days, resulting in heavy chips and fluctuating price trends. The recent pullback has basically ended, and the market has shown a piercing pattern and a morning star pattern, indicating a weakening of bearish momentum and a dominance of bulls.
The bullish candle after the morning star has broken through the oscillation range, but the trading volume has not increased, coupled with previous resistance levels above, it may oscillate and gather strength in this area in the short term. However, the overall trend has shifted from a decline to an increase, and if a reversal signal reappears at the support level, it will be a short-term buying opportunity.
If you cannot monitor the market in real-time or are not familiar with pattern recognition, it is not recommended to easily participate in short-term operations.