#OP/USDT UPDATE
🔻 OP is currently trading at $2.87, the highest gainer coin in the current market.
🔻 In the last bear market, #OP hit a low of $0.63 in October and a low of $0.86 in December before reaching an all-time high of $3.29.
🔻 A triangle is forming in the higher timeframe, indicating a potential retracement from current levels.
🔻 A head and shoulders pattern is forming in the lower timeframe, which is a bearish sign.
🔻 The critical support level to watch is $2.40, which is the neckline support of the head and shoulders pattern.
🔻 A break above the $3.29 level could result in a new all-time high, while a break below the $2.40 level could lead to a 40% drop to $1.69.
🔻 The key levels to watch are support at $2.40, $1.69, and $1.37, and resistance at $3.29
@Cryptomathh
🔻 OP is currently trading at $2.87, the highest gainer coin in the current market.
🔻 In the last bear market, #OP hit a low of $0.63 in October and a low of $0.86 in December before reaching an all-time high of $3.29.
🔻 A triangle is forming in the higher timeframe, indicating a potential retracement from current levels.
🔻 A head and shoulders pattern is forming in the lower timeframe, which is a bearish sign.
🔻 The critical support level to watch is $2.40, which is the neckline support of the head and shoulders pattern.
🔻 A break above the $3.29 level could result in a new all-time high, while a break below the $2.40 level could lead to a 40% drop to $1.69.
🔻 The key levels to watch are support at $2.40, $1.69, and $1.37, and resistance at $3.29
@Cryptomathh