📈 Technical Analysis for the OPUSDT Pair – A Strategic Outlook Based on Liquidity
The currency $OP has witnessed a notable price movement in the past hours, rising from a strong support level at 0.5187 to reach a temporary peak at 0.7012, indicating the entry of significant liquidity that pushed the market to break through previous resistance areas.
After this sharp rise, we saw a healthy correction that brought the price back to a strong support area near the MA25 moving average at 0.6290, which coincided with a clear liquidity accumulation zone.
🔍 Currently, the price is trading at 0.6609, showing improvement in buying momentum, supported by:
1. A bullish crossover in the MACD indicator
2. A positive reading for the RSI indicator at 59, indicating the potential for a resumption of the upward trend
3. Price stability above the short and medium-term moving averages
From a technical standpoint, a breakout above the 0.6700 level will confirm the continuation of the upward wave, with the possibility of retesting the previous peak of 0.7012, and it may extend to new levels if liquidity continues to flow in.
🎯 Summary:
The current price behavior shows a balance between profit-taking and buying pressure, with clear positive tendencies. As long as the price remains above the dynamic support at 0.6290, the short-term outlook remains positively conditional on liquidity.
