$OP /USDT 🪄 📉

OP
OPUSDT
0.139
-24.82%

Price continues to trend bearish with consistent lower highs and lower lows, now revisiting the 0.16 support zone after another sell-off.

🔹 Current Price: 0.1637

🔹 Key Support: 0.158 – 0.150

🔹 Key Resistance: 0.182 & 0.215

RSI is extremely oversold (~7), indicating exhaustion in the short-term downtrend and increasing chances of a relief bounce.

Bullish Scenario: If 0.158–0.150 support holds, we could see a short-term bounce toward 0.18–0.19 as a technical recovery.

Bearish Scenario: A breakdown below 0.150 would confirm continuation of the macro downtrend, opening downside toward lower liquidity zones.

Overall: Strong bearish structure, but deeply oversold conditions suggest a possible dead-cat bounce before any sustained trend reversal. ⚠️📊

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