$OP Personal Opinion: Bullish in the short term, but don't chase the highs
In simple terms:
The current price of OP is 0.4328 USDT, which has increased by 15.88% in the last 24 hours, showing strong momentum. The price has already surpassed all key moving averages (EMA7:0.4286, EMA25:0.4181) and is close to the upper Bollinger Band at 0.4365, clearly indicating a bullish pattern. However, there is a hidden risk with the OBV funds indicator at -868 million (negative value). Although it is above the 7-day moving average of -883 million, the overall trend is still a net outflow, indicating that large funds are waiting on the sidelines, and the upward momentum is insufficient.
Key positions to watch:
- Resistance levels: 0.4365 (upper Bollinger Band), 0.4381 (previous high)
- Support levels: 0.4286 (EMA7), 0.4194 (lower Bollinger Band)
Operational advice:
If you want to get in, wait for a pullback that doesn't break 0.4286, then try a light position for a long trade, targeting around 0.4365; if there is a direct violent breakout above the previous high of 0.4381, you can chase a little but keep the position light. At the current price, don't go in heavy; with the divergence of volume and price, it is easy to see a spike and drop back. If it breaks below 0.4286, you must stop loss.
(Note: The news "Grayscale research report mentions the Avalanche ecosystem" may drive sentiment, but be wary of profit-taking.)
