OP/USDT Technical Analysis
Key Data:
Current Price: 1.181 USDT (+3.23%)
24h High: 1.192 USDT
24h Low: 1.138 USDT
Trading Volume: 17.02M OP / 19.79M USDT
Technical Levels:
Support: 1.158 / 1.138 USDT
Resistance: 1.192 / 1.20 USDT
Order Book and Market Sentiment:
Demand: 49.54% (balance between buyers and sellers).
Offer: 50.46% (minor selling pressure).
Large sell orders: 1.20 / 1.30 USDT – resistance zones
Possible scenarios:
Bullish: If the price breaks 1.192, growth to 1.22-1.25 USDT is possible.
Bearish: If the price drops below 1.158, a correction to 1.14-1.13 USDT is possible.
Trading strategies:
Long: Entry 1.16-1.18 USDT, target 1.22-1.25 USDT, stop loss 1.15 USDT.
Short: Entry 1.19-1.20 USDT, target 1.15-1.13 USDT, stop loss 1.22 USDT.
Summary: The uptrend is maintained, but the price is testing the resistance level of 1.192. Wait for a breakout or correction before entering a position.