$OP is showing signs of a short-term recovery after a sharp drop toward the $0.0940 area triggered a strong buying response. However, the recent rally toward $0.1220 has encountered selling pressure, bringing price back to around $0.1133.
The immediate support to watch sits around $0.0965–$0.0990. This zone could attract buyers if the ongoing pullback extends, making it an important area for the market to defend.
A successful retest and reaction from this demand zone could provide an opportunity for another recovery attempt. However, buyers would first need to regain momentum and establish stronger price action before challenging higher levels.
On the upside, the broader resistance sits around $0.1320–$0.1345. For now, the more immediate focus is whether #OP revisits the lower demand zone and finds enough buying interest to sustain another move higher.
#Macro Insights# #Altcoin Season#
The immediate support to watch sits around $0.0965–$0.0990. This zone could attract buyers if the ongoing pullback extends, making it an important area for the market to defend.
A successful retest and reaction from this demand zone could provide an opportunity for another recovery attempt. However, buyers would first need to regain momentum and establish stronger price action before challenging higher levels.
On the upside, the broader resistance sits around $0.1320–$0.1345. For now, the more immediate focus is whether #OP revisits the lower demand zone and finds enough buying interest to sustain another move higher.
#Macro Insights# #Altcoin Season#
