The technical outlook for $OP is currently looking weak, with indicators like the RSI and MACD pointing toward further price drops. Market sentiment is stuck in "Extreme Fear," and investors are shifting their funds to competitors like Base, causing a significant 63% drop in $OP's Total Value Locked (TVL) this year. Until selling pressure clears, the downward trend is expected to stay in control.
Trade Setup Summary
Strategy: Short Position (Betting on price drop)
Entry Zone: $0.290 – $0.320
Stop-Loss: $0.375 (Exit if price goes above this)
Targets: * Goal 1: $0.252 – $0.245
Goal 2: $0.210 – $0.190
OPUSDT
Perp
0.3158
-0.19%