📈LONG: $OP (1W)
Current Price $1.77
Market Cap $1.93B
Change 1h -0.25% | 24h -11.07%
Weekly Indicators:
• RSI: 37 - Neutral 🟠
• MACD: -0 - Bearish 🔴
• EMA: 2.62 - Below 🔴
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 $1.55 to manage risk effectively.$OP
