$BTC only fell 2.12%, while $OP plunged 11.71%—a gap of 9.6 percentage points. That can’t be blamed on the broader market.
The current price is 0.1388, with a 24-hour range of 0.1369–0.1625, putting it almost at the bottom (at the 7% mark). Trading volume is 19.4M, or 1.62 times the 7-day average, and both price and volume are moving down together. That suggests someone is actively selling, rather than it merely being dragged down by the market.
Given how badly it’s underperforming the broader market, my take is: it’s fine to wait for a rebound, but don’t rush to buy the dip. 0.1369 is the only line that matters—if it breaks below that, I’ll admit I was wrong; only if it holds does a recovery become worth discussing. What do you think that extra 9.6 points represents: an unjustified sell-off, or a repricing of its valuation?
The current price is 0.1388, with a 24-hour range of 0.1369–0.1625, putting it almost at the bottom (at the 7% mark). Trading volume is 19.4M, or 1.62 times the 7-day average, and both price and volume are moving down together. That suggests someone is actively selling, rather than it merely being dragged down by the market.
Given how badly it’s underperforming the broader market, my take is: it’s fine to wait for a rebound, but don’t rush to buy the dip. 0.1369 is the only line that matters—if it breaks below that, I’ll admit I was wrong; only if it holds does a recovery become worth discussing. What do you think that extra 9.6 points represents: an unjustified sell-off, or a repricing of its valuation?