OP token suffered a sharp 8.18% decline in the latest trading session, falling to $0.12. The drop comes as key technical support levels show signs of collapse, with analysts predicting a further slide to $0.10 within the next seven days.
Smart money still leans long
Despite the grim price action, so-called smart money accounts — typically large, informed traders — show a 58.2% long positioning. That figure suggests some big players still expect a rebound or are hedging against further downside. The long bias is notable given the technical deterioration, but it's not a guarantee of a reversal.
Retail traders, by contrast, have been more cautious. The divergence between smart-money longs and the broader market's bearish sentiment adds uncertainty to the short-term picture.
What happens next
The next seven days will be critical. If OP token fails to hold above $0.10, the next support level could be significantly lower. Traders are watching whether the Bollinger Bands expansion leads to a flush or a sharp bounce. The smart money positioning will be tested if the price continues to slide.
For now, the $0.10 target remains the key watch point. Whether the token can stabilize above that level — or break through it — will define the trend for the rest of the month.
