đ $OP Vertical Breakdown & Panic Sell-Off
OP has suffered a sharp vertical breakdown, losing ~25% in a single day and breaking multiple short-term support zones. The structure has shifted into strong bearish control, with aggressive selling pressure and limited buying response. Current price action suggests panic-driven distribution, pushing OP close to its historical demand zone.
Technical Levels đŻ
Current Price: 0.1414
Immediate Resistance: 0.1650 â 0.1780
Major Supply Zone: 0.1900 â 0.2030
Price is trading near the lower extreme of the recent range, indicating high volatility and emotional selling. Any bounce from the 0.140 zone may trigger a short-term relief move, while failure to hold this level could open the path toward new lows.
Outlook đ
OP remains in bearish structure. Market participants should monitor reaction near 0.140 support and watch for stabilization or strong rejection wicks before expecting any sustainable recovery. Volatility is expected to stay elevated.