The time to rise with strength is coming... 🥳
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Crypto_Psychic
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Bullish$OP is getting crushed right now.
Trading around $0.1395, down over 24% on the day — and the structure honestly doesn’t look healthy.
On the 3D chart, price is sitting at fresh local lows near $0.1375, with all major EMAs stacked bearishly above price:
EMA 7 < EMA 25 < EMA 99
Price trading well below all of them
No real bullish reclaim attempt
That’s classic downtrend behavior.
The bounce attempts have been weak and short-lived. Every time OP pushes slightly higher, sellers step back in quickly.
What really stands out is momentum:
RSI around 18 → deeply oversold
MACD still negative
Volume expanding on red candles
Yes, technically it’s oversold.
But oversold in a strong downtrend doesn’t automatically mean reversal — it often just means continuation after a small relief bounce.
Levels I’m watching:
$0.1375 → immediate support (currently being tested)
If this cracks cleanly, next psychological area sits near $0.12
For bulls to regain any control, OP needs to reclaim $0.18–$0.20 zone first
Right now, this feels like distribution → continuation lower.
Could we see a short squeeze bounce? Yes.
Is there any confirmed bottom structure yet? Not really.
Catching knives in this kind of structure is risky.
I’d wait for strength — not try to predict it.
#OP #Optimism #Crypto $OP
Trading around $0.1395, down over 24% on the day — and the structure honestly doesn’t look healthy.
On the 3D chart, price is sitting at fresh local lows near $0.1375, with all major EMAs stacked bearishly above price:
EMA 7 < EMA 25 < EMA 99
Price trading well below all of them
No real bullish reclaim attempt
That’s classic downtrend behavior.
The bounce attempts have been weak and short-lived. Every time OP pushes slightly higher, sellers step back in quickly.
What really stands out is momentum:
RSI around 18 → deeply oversold
MACD still negative
Volume expanding on red candles
Yes, technically it’s oversold.
But oversold in a strong downtrend doesn’t automatically mean reversal — it often just means continuation after a small relief bounce.
Levels I’m watching:
$0.1375 → immediate support (currently being tested)
If this cracks cleanly, next psychological area sits near $0.12
For bulls to regain any control, OP needs to reclaim $0.18–$0.20 zone first
Right now, this feels like distribution → continuation lower.
Could we see a short squeeze bounce? Yes.
Is there any confirmed bottom structure yet? Not really.
Catching knives in this kind of structure is risky.
I’d wait for strength — not try to predict it.
#OP #Optimism #Crypto $OP
Disclaimer: Includes third-party opinions. No advice. Binance AI may be used without guarantee. See T&Cs.