Technical analysis by weslad about Symbol OP on 7/1/2025

OPUSDT continues its decline following the breakdown from a massive rising wedge. After a clean corrective pullback, price formed a bearish continuation structure, which has now broken into a descending channel guiding the current move.The chart suggests further downside toward the projected drop target, which aligns with a potential re-accumulation zone for long-term positioning. Keep an eye on price behavior as it approaches this level for possible reversal signals.