OP -6085.57% in 1 Year Amidst Sharp Volatility and Market Deterioration

On SEP 1 2025, OP dropped by 85.27% within 24 hours to reach $0.6879, OP dropped by 160.6% within 7 days, dropped by 82.38% within 1 month, and dropped by 6085.57% within 1 year.

The dramatic fall in OP's price over the past year reflects a broader market downturn and a loss of confidence among investors. The recent 85.27% plunge within 24 hours is particularly noteworthy, signaling a sudden and severe shift in sentiment. The asset appears to have lost significant ground in the short term, with no signs of stabilization from the sharp price correction. Analysts project further pressure on the token as broader macroeconomic concerns continue to weigh on digital assets, with no immediate catalysts identified to reverse the trajectory.

Technical indicators have also deteriorated, with key support levels repeatedly tested and broken. The asset’s price action has shown no signs of forming a sustainable base, and on-chain data suggests increased selling pressure across multiple exchanges. While some market watchers remain hopeful for a bounce off key psychological levels, the current environment remains bearish with high volatility expected to persist in the near term.

The volatility has rendered traditional technical strategies ineffective for many traders. Indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) have shown bearish divergence, reinforcing the likelihood of continued downside. Momentum appears to be strongly in favor of the sellers, with no reversal patterns yet to emerge from the recent price action.