$OP has shown a clean recovery after defending the 0.303 – 0.306 support zone, where selling pressure slowed down and price started to stabilize. Since then, the structure has improved with higher lows forming on the lower timeframe, indicating buyers are gradually regaining control rather than pushing price aggressively.

Price is currently holding above the 0.318 – 0.320 short-term value area, which is acting as a base. As long as $OP stays above this zone, the market structure remains constructive and favors continuation. Pullbacks into this range are being absorbed, suggesting downside momentum is limited for now.

On the upside, the next resistance is located around 0.332 – 0.340, where previous supply capped price earlier. A move into this area is possible if support continues to hold. A clear loss of 0.303 would weaken the setup and invalidate the bullish bias

OP

0.2954

-0.57%