🚨 $OP Pulls Back After Tapping $0.87 — But Bullish Momentum Still Intact?
#OP is trading at $0.763, down 7.74% on the day — but don’t count it out just yet. After tagging $0.872, bulls took profits, leading to a healthy correction. Still, structure remains strong.
✅ Here’s what’s working in OP’s favor:
• Price is still above the 7-day MA ($0.727) — short-term trend intact
• All key MAs (7/25/99) are bullishly aligned, suggesting upward momentum isn’t over
• Volume on the last green candle was massive — hinting at strong dip buying
📉 However, short-term caution is needed:
• A lower high could form if $0.87 isn’t retested soon
• A break below $0.72 would invalidate the bullish trend
📊 Support: $0.725 → $0.686
🧗 Resistance: $0.802 → $0.872
If bulls can hold this zone and push back toward $0.80+, this could just be a launchpad. Otherwise, we may see a retest of the lower support levels.
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