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πŸ“ˆLONG: #OPUSDT | $OP by MyCryptoParadise (8H)


OPUSDT recently rejected its resistance level, creating a chance for a bullish move from a former resistance-now-support level. Its history shows a consistent descending trend line #OPTIMISM. Time to watch out for an upturn.
πŸ“ˆLONG: #OPUSDT | $OP by MyCryptoParadise (1D)
Current Price $3.38
Market Cap $3.25B
Change 1h +0.78% | 24h +10.93%


"Get ready for an exciting phase in #OPUST market journey! Bullish surge expected from current demand zone after rebound from supply zone. #OPTIMISM gaining buy-side liquidity."
πŸ“ˆLONG: #OPUSDT | $OP by MyCryptoParadise_Simon (12H)
Current Price $4.44
Market Cap $4.45B
Change 1h +5.18% | 24h +13.08%


As we analyze #OPUSDT, we observe exciting market fluctuations within an ascending channel structure. Currently, #Optimism is making progress towards the upper boundary, from the buy zone.
πŸ“ŠNEUTRAL: #OPUSDT | $OP by P_S_trade (1D)
Current Price $2.51
Market Cap $2.63B
Change 1h -2.79% | 24h +7.24%


Today, the price of OP #Optimism has caught our attention as it bucks the trend of declining BTC and altcoins. Over the past two weeks, #OPUSDT has been moving in its own unique direction, indicating a potential shift in market dynamics. It is possible that there is some significant fundamental news fueling this movement. Keep an eye out for updates. Share your insights in the comments.
πŸ“ˆLONG: $OP by TraderAAG (4H)
#OPUSDT | #OP | #Optimism
Current Price $2.17
Market Cap $2.38B
Change 1h -0.60% | 24h +5.45%

4-Hourly Indicators:

β€’ RSI: 50 - Neutral 🟠
β€’ MACD: -0 - Bearish πŸ”΄
β€’ EMA: 2.19 - Below πŸ”΄

Analysis:
#OP/USDT is approaching a diagonal trendline on the 4-hour timeframe. We're looking for a breakout or retest to go long. Reclaiming $2.27 as a support level is crucial to turning bullish. Keep an eye on the price action near this trendline for potential moves.

Price Targets:
If the breakout is confirmed, the first price target is $2.27. The next significant resistance levels to watch are $2.3532, $2.6000, and a strong high target of $3.0302 for an extended bullish move.
πŸ“ˆLONG: $OP by FieryTrading (1W)
#OPUSDT | #OP | #Optimism
Current Price $1.77
Market Cap $1.93B
Change 1h -0.25% | 24h -11.07%

Weekly Indicators:

β€’ RSI: 37 - Neutral 🟠
β€’ MACD: -0 - Bearish πŸ”΄
β€’ EMA: 2.62 - Below πŸ”΄

Analysis:
OP has been trading within a bullish channel for the past two years. Despite a recent drop, the price is approaching the channel's bottom support. A bounce here could offer patient bulls a lucrative opportunity, anticipating a significant gain if the trend holds strong.

Price Targets:
If OP bounces from the channel's support, bulls can eye a target of $7. A prudent stop loss should be set below the previous long-term swing low at around $1.55 to manage risk effectively.
πŸ“ˆLONG: $OP by JoeChampion (1D)
#OPUSDT | #OP | #Optimism
Current Price $1.79
Market Cap $1.95B
Change 1h +1.68% | 24h -9.67%

Daily Indicators:

β€’ RSI: 29 - Oversold πŸ”΄
β€’ MACD: -0 - Bearish πŸ”΄
β€’ EMA: 2.27 - Below πŸ”΄

Analysis:
We're keeping a close eye on OPUSDT for a buying opportunity around the $1.620 zone. The coin is currently in an uptrend, albeit correcting back towards the daily trend line, with the $1.620 support acting as a critical level to watch. Stay alert and trade safely!

Price Targets:
Should OPUSDT bounce from the $1.620 support, we can expect initial resistance around $2.500, followed by potential targets at $3.000 and $3.500. Keep these levels in mind for a successful trade. Good luck!
πŸ“ˆLONG: $OP by planfomo (2D)
#OPUSDT | #OP | #Optimism
Current Price $1.96
Market Cap $2.20B
Change 1h -0.56% | 24h +2.52%

Analysis:
This chart for $OP (Optimism) hints at a potential rally with a falling wedge pattern indicating a bullish move as the price approaches breakout. The market is currently structured within an ascending channel on the 1-2D timeframe. A breakout could signal a full send upward.

Price Targets: If the breakout occurs, we could initially see the price climbing to $5.00 and potentially reaching the main target at $10.00. Monitoring the breakout and subsequent price action will be crucial.
πŸ“ŠNEUTRAL: $OP by MonoCoinSignal (4H)
#OPUSDT | #OP | #Optimism
Current Price $1.88
Market Cap $2.11B
Change 1h +1.00% | 24h -2.34%

4-Hourly Indicators:

β€’ RSI: 44 - Neutral 🟠
β€’ MACD: -0 - Bearish πŸ”΄
β€’ EMA: 1.94 - Below πŸ”΄

Analysis:
The trend has been strongly bearish, with the price consistently dropping below a descending trendline. However, there's a potential bullish reversal on the horizon. A break above the trendline, followed by a successful retest, could signal the start of a new upward trend.

Price Targets:
If the price breaks and retests the trendline, look for an initial target of around $2.05. Should momentum continue, the next potential targets could be $2.40 and then $2.60. Keep an eye on these levels!
πŸ“ˆLONG: $OP by GreenCryptoTrades (1W)
#OPUSDT | #OP | #Optimism
Current Price $1.76
Market Cap $1.98B
Change 1h +0.23% | 24h -2.04%

Weekly Indicators:

β€’ RSI: 36 - Neutral 🟠
β€’ MACD: -0 - Bearish πŸ”΄
β€’ EMA: 2.62 - Below πŸ”΄

Analysis:
OP is trading at $1.764 and has hit a strong support line at the bottom of the channel, which has held multiple times in the past. Watching closely to see if it continues to bounce or if there’s a chance for a break.

Price Targets:
If the price bounces, potential targets are $2.10, $2.80, and upper channel resistance at $6.74. A break below support may lead to $1.29.
πŸ“ˆLONG: $OP by Cryptorphic (3D)
#OPUSDT | #OP | #Optimism
Current Price $1.80
Market Cap $2.02B
Change 1h +0.36% | 24h +3.54%

Current Indicators:

β€’ RSI: 34 - Neutral 🟠
β€’ MACD: -0 - Bearish πŸ”΄
β€’ EMA: 2.12 - Below πŸ”΄

Analysis:
The OP/USDT chart shows a well-defined channel with the price currently testing a key support level. The RSI indicates oversold conditions, suggesting a potential reversal in the offing. The 50 EMA is acting as resistance, so traders should watch for a break above this level for confirmation of the next move.

Price Targets:
Immediate support lies around $1.37, while overhead resistance is at $2.25. If bullish momentum picks up, we could see a significant run-up towards $4.58. Stay tuned for more unbiased insights on altcoins, future trades, and HTF market calls!