Oh, what a spectacle we have here, mes amis! The Layer-2 asset, OP, which has been under the relentless pressure of the bears, now finds itself in a position of potential glory. Behold, OP is now trading at the princely sum of $0.65, and the technical signals whisper of a grand breakout, should the key levels be maintained. ๐
ZAYK Charts and @LTSTrading Signal Breakout from Long-Term Patterns
Our dear friend, ZAYK Charts (@ZAYKCharts), has unveiled a chart that could make even the most stoic investor chuckle. The daily timeframe trendline breakout for OP/USDT, a line that has been steadfast since December 2023, has finally been breached. Price has gallantly climbed toward the breakout zone around $0.65, signaling the end of the downtrend, or so we hope. ๐ค
A projected move to $1.20 is mapped from the measured distance between the trendline and recent lows. But, dear readers, let us not get ahead of ourselves. Confirmation of this setup requires OP to close above the trendline with sustained volume. Should it fail to hold the breakout, we might find ourselves back at the $0.58โ$0.60 area, a mere shadow of our grand ambitions. The breakout structure, however, aligns with the strengthening technical signals seen in other timeframes. ๐
And if that wasnโt enough, @LTSTrading (USA Signal) has shared a falling wedge breakout setup that complements ZAYKโs outlook. The wedge pattern, compressing since February 2025, shows diminishing sell-side pressure. The breakout attempt above $0.59 suggests a trend reversal could be underway. This wedge formation carries an upside target of $1.38, a level that would make even the most skeptical investor do a double-take. The invalidation level is placed below $0.49, giving traders a clear risk zone. ๐จ
Price Surge Backed by Rising Volume and Market Reentry
Data from BraveNewCoinโs 24-hour chart supports the recent surge, with OP gaining 11.45% from lows near $0.58 to a peak around $0.66. This price move coincided with a notable spike in trading volume, which climbed above $352 million, a level not seen in recent sessions. The strongest volume inflows aligned with OPโs breakout from local resistance, reinforcing the legitimacy of the uptrend. ๐
//bravenewcoin.com/wp-content/uploads/2025/07/Bnc-Jul-11-4.jpg”/>
Furthermore, the MACD (12,26) exhibits a positive crossover, as the MACD line surpasses the signal line and the histogram shifts to green at 0.016. This signal appears after a prolonged flat period, suggesting fresh bullish momentum is entering the market. As long as the price remains above the mid-band near $0.559 and volume continues building, OP may be positioned to retest $0.70 and approach mid-term targets near $1.20. ๐
Read More
- SOL PREDICTION. SOL cryptocurrency
- ETH PREDICTION. ETH cryptocurrency
- USD TRY PREDICTION
- SHIB PREDICTION. SHIB cryptocurrency
- WLD PREDICTION. WLD cryptocurrency
- EUR AUD PREDICTION
- EUR CNY PREDICTION
- EUR USD PREDICTION
- CRO PREDICTION. CRO cryptocurrency
- GBP CNY PREDICTION
2025-07-11 20:38