On October 29, only 4 of the 50 largest crypto assets closed green. The median one fell 6.8%.
I went looking for the exception. $OP earned the label. On the evening of October 29, one 4-hour candle dumped to $0.0993 on more than four times average volume, and the overnight low printed $0.0938 on nearly five times average volume. That is capitulation, not drift.
The climb back has matched it. Three closes — $0.1083, $0.1153, $0.1182 — lifted price 26% off that low. Unichain's mainnet move to OP Enterprise was scheduled for October 29, but I am reading the volume, not the calendar.
What keeps me honest: the final leg climbed on thinner volume, and this token already spiked on this same story two weeks ago, then gave most of it back.
Support $0.0938. Resistance $0.1184. A 4-hour close under $0.0938 invalidates the recovery read.
Save these two prints: which one does $OP touch first, $0.0938 or $0.1184?
Not financial advice. DYOR.
$OP #Optimism #Ethereum #CryptoMarkets #Layer2
I went looking for the exception. $OP earned the label. On the evening of October 29, one 4-hour candle dumped to $0.0993 on more than four times average volume, and the overnight low printed $0.0938 on nearly five times average volume. That is capitulation, not drift.
The climb back has matched it. Three closes — $0.1083, $0.1153, $0.1182 — lifted price 26% off that low. Unichain's mainnet move to OP Enterprise was scheduled for October 29, but I am reading the volume, not the calendar.
What keeps me honest: the final leg climbed on thinner volume, and this token already spiked on this same story two weeks ago, then gave most of it back.
Support $0.0938. Resistance $0.1184. A 4-hour close under $0.0938 invalidates the recovery read.
Save these two prints: which one does $OP touch first, $0.0938 or $0.1184?
Not financial advice. DYOR.
$OP #Optimism #Ethereum #CryptoMarkets #Layer2
