OP/USDT Weekly Reversal Zone: Strong Bounce Expected
$OP
The OP/USDT pair is currently showing strong signs of a potential trend reversal from a major long-term demand zone.
📊 Timeframe: 1W (Weekly)
🟨 Key Support Zone: 0.396 – 0.542 USDT
The price has revisited a historically strong support area that previously served as an accumulation zone since mid-2022. The recent bounce from this level reinforces the likelihood of a bullish reversal.
📈 Upside Targets (Resistance Levels):
1. Minor Resistances:
0.699
0.844
2. Mid-Term Target:
1.190 (key breakout confirmation level)
3. Long-Term Bullish Targets:
2.168
2.400
2.700
2.991
3.725
4.020
4.538
4.865 (Previous major high)
🛡️ Critical Demand Zone:
As long as price holds above the 0.396–0.542 range, bullish structure remains intact. A breakdown below this range could invalidate the setup.
🔄 Outlook:
The chart pattern suggests the formation of a higher low and a potential breakout in stages, supported by volume and positive sentiment. Watch the 0.699 and 0.844 levels for initial confirmation of buyer strength.
📌 Note:
This setup offers an attractive risk-reward ratio for mid to long-term traders watching for a trend reversal.
