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- 1 The OpSec crypto price is currently trading at $1.3478 with a drop of 12% in the last 24 hours, and it has a current market cap of $129,816,724.
- 2 OpSec crypto’s price decreased by 12.46% over the past hours.
OpSec crypto price has been falling massively for the past trading sessions as it faced resistance from the higher levels and formed lower lows. It shows that the bears have been in control, and the crypto has lost momentum. The crypto price has also broken below the key moving averages, which indicates further weakness.
The cryptocurrency has formed a bearish pattern, causing it to lose its gains in the previous month. OpSec crypto has returned to its last breakout level, which could serve as a support. According to technical analysis, the cryptocurrency is currently oversold and could rebound from lower levels. However, the crypto must demonstrate some strength and reversal before confirming a pullback rally.
OpSec crypto (USD: OpSec) is currently in a profit-booking phase but is trading close to crucial support levels. A bullish candle, should it form, would indicate that buyers are active and will attempt to rebound at lower levels. The previous session saw OpSec crypto close at $1.3478 with an intraday loss of 12%. If buyers successfully defend the current support, the likelihood of a bounce-back will increase. However, further decline is possible if the sell-off continues and OpSec crypto drops below lower levels.
Buyers have made several attempts to break the higher range and expand upward, but strong sellers have repeatedly rejected prices. It suggests that sellers are still active on higher levels.
Technical Analysis of OpSec Crypto Price in 1-D Timeframe
OpSec price is trading below the downward-sloping 50-day and 200-day EMA, showcasing a downtrend. However, the OpSec price has gone far away from the EMAs.
The MACD generated a negative crossover, and the histogram is also red, indicating bearishness. The RSI at lower levels denotes weakness but is near the oversold territory.
The current value of RSI is 37.03 points. The 14 SMA is at 36.98 points, which indicates that the OpSec crypto is bearish.
The cryptocurrency is currently oversold and could rebound from lower levels but must demonstrate strength before confirming a pullback rally. OpSec crypto is presently in a profit-booking phase but is trading close to crucial support levels. Buyers have repeatedly failed to break the higher range and expand upward, suggesting sellers are still active on higher levels.
Summary
OpSec crypto price has been falling massively for the past trading sessions due to resistance from higher levels and forming lower lows. The crypto has lost momentum and broken below key moving averages, indicating further weakness. OpSec crypto has returned to its previous breakout level, which could serve as support. The OpSec price is trading below the downward-sloping 50-day and 200-day EMA, showcasing a downtrend. The MACD generated a negative crossover, and the histogram is also red, indicating bearishness. The RSI at lower levels denotes weakness but is near the oversold territory.
Technical Levels
Support Levels: The OpSec crypto price may find support at $0.500 and $1.00, where it could bounce back or stabilize.
Resistance levels: The OpSec crypto price may face resistance at $2.00 and $1.500, where it could reverse or consolidate.
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
