Technical analysis by CryptoAnalystSignal about Symbol OP: Buy recommendation (5/20/2025)

#OPThe price is moving within a descending channel on the 1-hour frame, adhering well to it, and is heading for a strong breakout and retest.We are seeing a bounce from the lower boundary of the descending channel, which is support at 0.653.We have a downtrend on the RSI indicator that is about to be broken and retested, supporting the upward trend.We are looking for stability above the 100 moving average.Entry price: 0.702First target: 0.757Second target: 0.805Third target: 0.865