Binance has just launched the OPN/USDT perpetual futures contract, with trading now live and up to 5× leverage available — this can bring new volume and volatility to the pair.
🔻 Current Price Action
Recent technical reports show OPN/USDT testing key support around $0.1280 after breaking below this level.
A bearish engulfing candle and a drop in momentum indicators suggest short-term selling pressure remains dominant.
RSI has moved from neutral to oversold territory on shorter timeframes, which may increase chances of a short-term bounce if support holds.
📊 What Traders Are Watching
Support Levels: $0.1270–$0.1280 zone is critical — a sustained break below could push price lower.
Upside Potential: If buyers step in around current support and futures activity increases, a relief bounce toward short-term resistance around the previous breakdown level could occur.
Volatility: With options and futures now in play, OPN can see sharper moves due to leveraged trading.
🧠 Analyst Sentiment
Short-term technical momentum favors bearish continuation until clear reversal structures form.
Oversold conditions could set up a counter-trend bounce, but confirmation from breakout above immediate resistance i
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