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How much lower can this actually go before it finally snaps?
$OP is looking like a nightmare for anyone holding it since last month. We are sitting at 0.1244 and the 30-day drop of 46% is just brutal. It feels like the market is just dragging its feet at this point.
The Breakdown:
* Price Action: We saw a massive dump in early February and now it’s just ranging near the lows. Every small bounce gets sold off immediately.
* Support/Resistance: The floor seems to be around 0.1092. If that breaks, there’s no telling where the bottom is. Resistance is stacked up heavily around 0.1462.
* Volume: 24h volume is around 6.41M USDT, which isn't exactly high conviction for a reversal.
Next move? Honestly, it looks like it's going to bleed sideways until it tests that 0.1090 level again. I wouldn't touch this with a long position until we see a candle actually close above 0.1310 with some real volume.
#BitcoinHitsOneMonthHigh