OPN: Symmetrical Triangle Breakout Targets 0.0682
OPN breaks symmetrical triangle at $0.07, approaching 0.0682 resistance with bullish MACD golden cross and EMA50 support at $0.06.
SourceAnalysis
OPN has broken out of a symmetrical triangle at $0.07, handing short-term control to buyers after months of consolidation.
Price now tests the 0.0682 resistance while the next supply zone sits at 0.0800-0.0820. Holding the former triangle top keeps the structure intact and raises odds of extension higher, whereas a drop back below 0.0640 opens a path to 0.0580 support.
With price testing upper Bollinger resistance at $0.07 while RSI sits neutral at 56.19, a healthy retracement to the EMA50 support at $0.06 appears probable before continuation; the MACD golden cross at 0.0 and alignment with the EMA200 at $0.07 reinforce the bullish bias on the 4h chart.
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