#OP
/USDT UPDATE OP is currently trading at $2.87, the highest gainer coin in the current market.
In the last bear market, #OP hit a low of $0.63 in October and a low of $0.86 in December before reaching an all-time high of $3.29.
A triangle is forming in the higher timeframe, indicating a potential retracement from current levels.
A head and shoulders pattern is forming in the lower timeframe, which is a bearish sign.
The critical support level to watch is $2.40, which is the neckline support of the head and shoulders pattern.
A break above the $3.29 level could result in a new all-time high, while a break below the $2.40 level could lead to a 40% drop to $1.69.
The key levels to watch are
support at $2.40, $1.69, and $1.37, and
resistance at $3.29@Cryptomathh
