$OPN Price rallied hard from 0.4534 to 0.6024 but got rejected exactly at the 24h high. That wick shows sellers defended the level aggressively. Now price is drifting back toward the 0.5037–0.5162 zone—an area that previously acted as resistance and could flip to support.
Where are sellers active?
Sellers are stacked between 0.6018 and 0.6998. The 0.6024 wick confirms they are unwilling to let price breathe above that zone without a fight. If price retraces further, expect sell orders near the 0.5162–0.52 region as well.
What confirms the move?
A break and hold below 0.5037 with increasing volume confirms sellers are stepping in again. That opens the door for a retest of the 0.48–0.45 liquidity zone.
What invalidates it?
If price reclaims 0.52 and closes above it with strength, the bearish setup is invalid. That would signal buyers are absorbing the supply and the rejection was just a fakout.
