Volume decreased slightly, but whale accumulation & SuperStacks redemption create momentum, will OP have the ability to technically rebound past $0.75–0.80?

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1. Snapshot

💰 $OP $0.705 (down ~10% in 24 h; +1% weekly)

💸 24 h Volume: ~$340 million (-22% compared to yesterday)

🌍 Market Cap: ~$1.23–1.25 billion (approx. 1.75 billion OP in circulation / max 4.29 billion)

🌟 ATH: ~$4.86 (Mar 2024); currently -85% from the peak

> “OP decreased today after breaking the downtrend pattern, but whales are still accumulating heavily – the door is still open for a bounce!”

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2. News & Narratives

SuperStacks XP redemption ends on July 15 – a positive long-term factor, although the price has not immediately reflected it

Whale accumulation: Whales hold ~61% supply, pushing the price up 23% since the beginning of the month

Technical breakout: OP breaks out of downtrend, surpasses resistance $0.71–0.75 – confirms a new support area

Superchain & Base ecosystem: OP Stack is spreading – supported by Base and other OP-Stack chains

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3. Technical analysis & Price scenario

Support: $0.68–$0.70 (retest area, former resistance flipped to support)

Resistance: $0.75–$0.80 (short-term peak levels); next target $0.90 → $1.00 if momentum is strong

Indicators:

RSI ~45–50 – neutral, less oversold

MACD is crossing over bullish after the technical bounce

Price scenario:

✅ Bullish: hold > $0.70 → break $0.75 → test $0.80 → up to $1

⚠️ Bearish: break < $0.68 → retest $0.60–$0.65

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4. Suggested investment strategy

Short-term trader

Entry: $0.68–$0.70

TP: $0.75 → $0.80 → $0.90

SL: < $0.65

Long-term holder

DCA around $0.60 if you believe in Superchain & Base rollout

Long hold aiming for $2–$3 if Layer-2 adoption explodes

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5. ⚠️ Risk analysis

- Deep pullback if BTC/ETH adjusts strongly

- Weak sentiment if redemption sells off post-XP

- Macro-crypto SWOT or L1 capital flowing into other Layer-2s like Arbitrum

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6. Conclusion

OP just escaped the technical downtrend, whales are accumulating a lot, but the $0.70–0.75 range is key to confirm the bounce.

> Do you believe OP will conquer $0.80–0.90 next month?

🟢 A. Yes – go for full swing

🟡 B. Enter lightly, monitor breakout & volume

⚠️ C. Stay away, wait for retest of $0.65 then enter