#OP Market Analysis

OP/USDT remains bearish with price hugging the lower Bollinger Band and RSI deep in oversold territory at 26.5. MACD confirms downside momentum, and the structure shows weak attempts to reclaim key resistance levels. Bull case: hold above 0.11375 to stabilize, targeting a bounce to 0.1239 resistance. Bear case: break below 0.11375 risks acceleration down to lower supports and continuation of the downtrend. Watch 0.11375 closely as the pivot point.