*$OPN
USDT - OPINION*
*Current price: 0.05276 USDT +2.31%*
High in 24h: 0.05312
Low in 24h: 0.05092
### *1. The Trend*
- Drop from 0.31990 down to a low of 0.04465. Down 86%
- *MA7: 0.04980* price is above it
- *MA25: 0.05153* price is above it
- *MA99: 0.09365* price is below it by a large margin
Price is above MA7 and MA25 but below MA99. Short-term trend is bullish, but the overall trend is still bearish.
### *2. Momentum*
- *RSI(6): 63.33* good buying momentum. Above 50
- *OBV: 550.68M* started rising from the low: light inflow
- *Volume*: 39.18M OPN = 2.03M USDT average volume
### *3. Key Areas*
- *First resistance*: 0.05312 today’s high
- *Second resistance*: 0.09144
- *Strong resistance*: 0.09365 at MA99
- *Very strong resistance*: 0.15200
- *First support*: 0.05153 at MA25
- *Second support*: 0.04980 at MA7
- *Strong support*: 0.04465 the previous low
- *Historical low*: 0.03088
### *Summary*
OPN rebounded from 0.0446 to 0.0527 = +18%
Breaking above MA7 and MA25 is positive. The problem is that MA99 is far away at 0.0936.
RSI 63 means there’s momentum, but not overbought.
OBV started moving up, meaning there is buying.
*Bullish scenario*: Break above 0.0531 and hold above it; we may test 0.091, then MA99 at 0.0936
*Bearish scenario*: Break below 0.0515 and return to test 0.0498, then 0.0446
Most important level right now: 0.05153. Holding above it preserves the rebound.
Most important second level: 0.09365. Breaking above it changes the overall trend.
The coin is still at the beginning of an attempt to form a bottom. It needs higher volume to confirm.
#ChinaJulyOutputRetailInvestmentAllMiss
USDT - OPINION*
*Current price: 0.05276 USDT +2.31%*
High in 24h: 0.05312
Low in 24h: 0.05092
### *1. The Trend*
- Drop from 0.31990 down to a low of 0.04465. Down 86%
- *MA7: 0.04980* price is above it
- *MA25: 0.05153* price is above it
- *MA99: 0.09365* price is below it by a large margin
Price is above MA7 and MA25 but below MA99. Short-term trend is bullish, but the overall trend is still bearish.
### *2. Momentum*
- *RSI(6): 63.33* good buying momentum. Above 50
- *OBV: 550.68M* started rising from the low: light inflow
- *Volume*: 39.18M OPN = 2.03M USDT average volume
### *3. Key Areas*
- *First resistance*: 0.05312 today’s high
- *Second resistance*: 0.09144
- *Strong resistance*: 0.09365 at MA99
- *Very strong resistance*: 0.15200
- *First support*: 0.05153 at MA25
- *Second support*: 0.04980 at MA7
- *Strong support*: 0.04465 the previous low
- *Historical low*: 0.03088
### *Summary*
OPN rebounded from 0.0446 to 0.0527 = +18%
Breaking above MA7 and MA25 is positive. The problem is that MA99 is far away at 0.0936.
RSI 63 means there’s momentum, but not overbought.
OBV started moving up, meaning there is buying.
*Bullish scenario*: Break above 0.0531 and hold above it; we may test 0.091, then MA99 at 0.0936
*Bearish scenario*: Break below 0.0515 and return to test 0.0498, then 0.0446
Most important level right now: 0.05153. Holding above it preserves the rebound.
Most important second level: 0.09365. Breaking above it changes the overall trend.
The coin is still at the beginning of an attempt to form a bottom. It needs higher volume to confirm.
#ChinaJulyOutputRetailInvestmentAllMiss