OP Technical Analysis Feb 23
The post OP Technical Analysis Feb 23 appeared on BitcoinEthereumNews.com.
OP is positioned in the deep oversold region at RSI 20.15 level, while MACD confirms bearish momentum with a negative histogram. Although the price remaining below EMA bands shows weak trend strength, oversold conditions may signal a short-term rebound. Trend Status and Momentum Analysis OP token is trading at 0.12 dollars as of February 22, 2026, with a 4.59% decline in the last 24 hours, stuck in a daily range of 0.12-0.13 dollars. Volume is hovering around 110 million dollars, indicating moderate activity compared to previous days but not strongly supporting the downtrend. The overall trend direction is downward; the price continues to stay below EMA20 (0.18 dollars) and the Supertrend indicator is giving a bearish signal. From a confluence perspective of momentum oscillators, although RSI’s oversold region is dominant, MACD’s bearish configuration preserves trend strength. In multi-timeframe (MTF) analysis, 10 strong levels were identified across 1D, 3D, and 1W timeframes: 1 support/1 resistance on 1D, 2 supports/3 resistances on 3D, 2 supports/4 resistances on 1W, highlighting the weight of resistances in higher timeframes. This structure indicates weak momentum and that even a potential recovery will face strong resistances. Lack of volume confirmation suggests the downtrend is starting to tire, but accumulation patterns have not yet formed. Short-term momentum may neutralize due to oversold conditions, but the overall trend remains bearish. RSI Indicator: Buy or Sell? RSI Divergence Analysis RSI(14) at 20.15, which signals the deep oversold region below 30 and has historically produced strong rebound signals at this level. Recently, while the price is making new lows (around 0.12 dollars), a slight higher low formation is observed in RSI – this could be an early sign of regular bullish divergence. On the daily chart, despite the sharp drop from 0.13 to 0.12, RSI not declining below 25 shows momentum…
Filed under: News - @ February 23, 2026 12:12 am