My Opinion on
$OPN - ATH Possible or Not? 🤑
Price is no longer in a downtrend. What we are seeing now is a transition phase from accumulation to early recovery, and that’s clearly visible across both 15m and 1H timeframes.
After forming a base around 0.148 – 0.16, price started printing consistent higher lows, which is the first sign of strength returning. The move above MA25(15mins) and sustained positioning above MA7(1hr) confirms short-term trend shift.
Right now, price is trading near 0.20 – 0.21, which is not just a random level. This zone previously acted as intraday resistance + supply area (0.2084 rejection). Current behavior around this level is important.
So far:
• Pullbacks are shallow → buyers stepping in early
• Price respecting MA7 → momentum still intact
• Volume expansion on upside → not a weak bounce
This indicates controlled buying, not impulsive spike.
Key structure :
If price holds 0.18 – 0.19, it confirms acceptance above the recent breakout base. That’s where continuation becomes valid.
If price breaks and sustains above 0.21 – 0.22, then next expansion zones open:
→ 0.30 – 0.34 (first major liquidity area)
→ 0.40+ (extension if momentum continues)
Further continuation toward 0.45 – 0.60 only makes sense if:
• Consolidation happens above breakout
• Strong candles + volume follow
This is not immediate — requires structure building.
Invalidation / downside scenario:
If price loses 0.17, structure weakens.
That would mean:
• Breakdown of higher low formation
• Loss of short-term trend
Then likely move toward:
→ 0.16 – 0.15 (previous base retest)
Conclusion:
Current market phase = early recovery with breakout attempt
No confirmation yet, but structure supports continuation only if price sustains above 0.18 – 0.19 and reclaims 0.21 – 0.22 properly
Otherwise, it remains a range before next directional move.
