Can #OP Bulls Defend this Key Levels or Not? Key Levels to Watch
2025-01-11
Category: None

Yello, Paradisers! Will #OPUSDT finally break free or are we about to see a deeper pullback? Let’s analyze the current #Optimism setup:

💎#OP is currently forming an ascending broadening wedge pattern, which often signals indecision but can result in a strong breakout or breakdown. The price is approaching a key resistance zone at $2.191, a level it must break decisively for bullish momentum to continue. 

💎A confirmed daily close above this resistance would open the door for a rally toward the major resistance area between $2.800 and $3.000, where significant selling pressure could emerge. For this move to sustain, watch for strong volume and momentum to validate the breakout.

💎On the downside, #OPUSD is leaning heavily on the ascending support near $1.791, with a broader support zone sitting between $1.584 and $1.300. This area has proven to be a reliable base during recent declines, providing the liquidity needed for buyers to defend the trend. 

💎However, if  NASDAQ:OP  closes a daily candle below $1.300, the bullish structure will break down, likely leading to a deeper retracement toward $1.000 or lower levels, signaling a shift in market sentiment.

Stay focused, patient, and disciplined, Paradisers🥂

MyCryptoParadise
iFeel the success🌴