OPULWe should see if the resistance holds; otherwise, the buy range can be 0.030-0.28 and 0.015-0.020.
OPULUSDT trade ideas
OPULUSDT 1WOPUL ~ 1W Analysis
#OPUL This trade is very high risk. But if you want to trade fast, maybe 20%+ isn't too bad from here.
Opulous ($OPULUSDT): Awaiting Entry for 100% + Upside in MusicFiI spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
**Opulous ( KUCOIN:OPULUSDT ): Awaiting Entry for Promising Upside in MusicFi**
Trade Setup:
- Entry Price: $0.06486 (Pending Activation)
- Stop-Loss: $0.04369
- **Take-Profit Targets:**
- **TP1:** $0.14686
- **TP2:** $0.24000
**Current Price:** $0.07048
Fundamental Analysis:
Opulous ( KUCOIN:OPULUSDT ) is leading the way in MusicFi by merging decentralized finance (DeFi) with the music industry. Through its platform, artists can mint music as NFTs, allowing fans to directly invest in their music and share in royalty streams. This revolutionary approach is disrupting traditional music rights management and has garnered significant attention from artists and investors alike.
Recent developments, such as new artist partnerships and an increase in platform adoption, underscore Opulous’s potential to drive innovation in the blockchain space.
Tokenomics Overview:
- **Total Supply:** 500 million tokens.
- **Utility:** Facilitates music NFT transactions, staking, and royalty payments.
- **Growth:** Rapid adoption within the MusicFi niche, attracting both artists and investors.
Technical Analysis (4-Hour Timeframe):
- Support Levels: $0.06500 is a strong support zone near the anticipated entry price, aligning with previous price consolidation levels.
- Resistance Levels: $0.07500 is the first key resistance, with further resistance at TP1 ($0.14686).
- Moving Averages:
- 20-EMA: $0.07000
- 50-EMA: $0.06700
- Relative Strength Index (RSI): Currently at 57, signaling neutral momentum, providing room for further upside.
Market Sentiment:
Interest in MusicFi continues to grow, with Opulous at the forefront of this trend. The unique proposition of allowing fans to invest in music royalties via NFTs is driving increased market interest. Community engagement remains strong, reflecting confidence in the project’s long-term potential.
Risk Management:
The stop-loss at $0.04369 provides protection against significant downside risk, while the take-profit targets offer excellent upside potential. TP1 represents a **126% return**, and TP2 offers a potential **270% gain**, making this trade highly attractive for mid- to long-term investors.
Key Takeaways:
- Opulous is uniquely positioned to capitalize on the growing MusicFi trend, blending blockchain with real-world applications in the music industry.
- Awaiting a pullback to $0.06486 for an optimal entry point into this promising setup.
- The trade offers a compelling risk-to-reward ratio, ideal for swing traders and long-term holders.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
opul opulusdtWhy I’m Bullish on Opulous (OPUL)
Opulous (OPUL) presents a compelling bullish case due to its innovative approach in tokenizing real-world assets (RWA) within the music industry. Here are the key reasons for my bullish sentiment:
1. Unique Use Case in Music and NFTs
Opulous enables artists to tokenize their music rights, offering a direct way for fans and investors to support musicians while earning from music royalties. This integration of NFTs with music copyrights offers a fresh and practical utility in the blockchain space.
2. Strong RWA Narrative
The tokenization of real-world assets is a growing trend in crypto. OPUL’s focus on music royalties positions it as a standout project in the RWA sector, currently ranked among the top RWA projects by market cap. As interest in RWA grows, Opulous is likely to attract more attention.
3. Fundamental Growth Metrics
• Market Metrics: OPUL has a relatively low market cap (~$31 million) compared to its potential, suggesting room for growth.
• Circulating Supply: About 72% of tokens are in circulation, ensuring liquidity while maintaining long-term vesting incentives for the team and investors.
4. Strong Community and Industry Support
Opulous has established partnerships with influential names in the music industry and continues to attract attention for its artist-first approach. Its active user base and community engagement signal strong organic support.
5. Upcoming Developments
The roadmap for 2024 includes plans for expanding tokenized music offerings and integrating with more platforms, which could boost adoption and demand for OPUL.
6. Previous Market Performance
OPUL experienced significant highs during its initial launch, peaking at $6.73. Despite the bear market correction, it has shown resilience and is positioned to recover with market improvements.
These factors combined make me optimistic about OPUL’s potential for upward momentum in the medium to long term. I believe it is well-positioned to capitalize on the growing intersection of blockchain technology and the music industry.
OPUL OPULUSDTWhy I’m Bullish on Opulous (OPUL)
Opulous (OPUL) presents a compelling bullish case due to its innovative approach in tokenizing real-world assets (RWA) within the music industry. Here are the key reasons for my bullish sentiment:
1. Unique Use Case in Music and NFTs
Opulous enables artists to tokenize their music rights, offering a direct way for fans and investors to support musicians while earning from music royalties. This integration of NFTs with music copyrights offers a fresh and practical utility in the blockchain space.
2. Strong RWA Narrative
The tokenization of real-world assets is a growing trend in crypto. OPUL’s focus on music royalties positions it as a standout project in the RWA sector, currently ranked among the top RWA projects by market cap. As interest in RWA grows, Opulous is likely to attract more attention.
3. Fundamental Growth Metrics
• Market Metrics: OPUL has a relatively low market cap (~$31 million) compared to its potential, suggesting room for growth.
• Circulating Supply: About 72% of tokens are in circulation, ensuring liquidity while maintaining long-term vesting incentives for the team and investors.
4. Strong Community and Industry Support
Opulous has established partnerships with influential names in the music industry and continues to attract attention for its artist-first approach. Its active user base and community engagement signal strong organic support.
5. Upcoming Developments
The roadmap for 2024 includes plans for expanding tokenized music offerings and integrating with more platforms, which could boost adoption and demand for OPUL.
6. Previous Market Performance
OPUL experienced significant highs during its initial launch, peaking at $6.73. Despite the bear market correction, it has shown resilience and is positioned to recover with market improvements.
These factors combined make me optimistic about OPUL’s potential for upward momentum in the medium to long term. I believe it is well-positioned to capitalize on the growing intersection of blockchain technology and the music industry.
OPULUSDT - LONG SETUPOPUL is in strong bullish trend.
As the market is consistently printing new HHs and HLs on higher TF , RWA is trending narrative
and OPUL is RWA based coin.
Currently the market is retracing a bit after last HH on daily and now forming bullish div on 1H, if this falling wedge will break then we will enter at breakout.
If the market successfully sustain this bullish confluence the next leg high could go for new HH.
we will enter at 0.28048
OPULUSDT"As we enter the bullish season, the initial target to aim for is
target : 1.0 🎯.
This is based on a combination of technical analysis indicators and market trends.
However, it's important to approach trading with caution and adapt to changing market
conditions.
Keep an eye on key support and resistance levels, as well as any significant news or events that may impact the market.
Remember to use proper risk management techniques and consider setting profit targets along the way.
Happy trading!"
OPUL Bearish: Head and Shoulders Signal??After a 550% bullish move from Opul, moving from 0.05 to 0.30 it looks like a head and shoulders signal is playing out. This may be a bearish signal that sends opul down another 50-80%.
I've placed my buy zone at 2 different levels to keep an eye on for potential investment points. First point is around the $0.11 to 0.085 area. The second point is around $0.055 to 0.045 area. Movement below these lower buy zones is considered very bearish.
Depending on macro conditions as well as the success of their MFT platform this could rise from the buy zones back to the recent high of $0.30.
---
This is not financial analysis or advice. Please asses your risk tolerance before taking trades of any kind.
$OPULUSD #OPUL still climbing ?Is OPUL still climbing? Methinks this is just a little profit-taking by long-term holders and swing traders. I'm still very long on this project.
OPUL in Downtrend - Potential Buy SetupOn the 10th of August OPUL experienced an explosive upward movement in price due to the reveal that it's staking dashboard will be launching on August 22nd.
The price of the coin jumped over 100% from around $0.08 to $0.17 before it began moving back down.
It is now developing a clear channel downward and based on fibonacci levels it looks as tho the $0.10 area will be a nice opportunity to stack OPUL.
The general macro sentiment to Bitcoin, crypto, and larger financial markets is still mostly bearish so please use caution when purchasing. Use your best judgement, this is not financial advice!
Wishful thinking on OPUL, but look out belowIt's just a little fractal, and we've been making pennants for a while now, so watch out for the bottom to drop out.
$OPUL about to take off $OPUL about to cross the MA21 and MA30 on the weekly chart, this will be insane, fasten your seatbelts
OPUL | Breakout and Retest Confirmed Chart looks ready, $Opul can do massive move in coming days.
DYOR and use SL on bear market.
TP1: $ 0.58
TP:2 $ 1
#NFA
2022-04-07 OPULUSDT Finding a Bottom & Looking to LongSome thoughts on OPULUSDT:
Daily: showing signs of a change in fortune. 10/20 EMA cradle has turned bullish.
12hr: looking very positive as well. Broken through the 100EMA and is retesting the 10/20EMA for a new support level.
4hr: Couple of shots of the 4hr showing possible targets if the $1 boundary (black line) is broken.
1hr: Showing signs of needing a bit of a cool off on the lower timeframes. I've marked areas of interest for taking a long entry.
ORGANISED CHAOS, POSSIBLE PATHWAYS FOR OPULOUSIn a grid like format I have tried to lay down all the major possible pathways for the opulous chart.
Opulous (OPUL): Shortterm view H1As shown in the chart, Opulous finished two impulsive moves (1-3 wave). Thus, we have 1 more leg up to finish the 1-5 wave sequence before the corrective wave begins. Details are laid out in the chart.
-If you agree with this, like and share.
Best of luck!
Cheers.
$OPUL in a rangesup duder, my views on opul rn. It's in a range between weekly high and weekly low. d= day, l=low, z=zone, sz= supply zone
Possible trend reversal incoming on OPULOPUL has been on a constant downtrend since 17 of November, it is now approaching strong support around the $0.66c level, we may see a drop to around the the $0.50c level but I believe that will be short lived.
Some of the early investors vested tokens were released last week, and this will continue bi monthly for another 18 months, most have probably sold by now, next vested token release will be around March the 24th, so I will be bullish on OPUL until then.
My advise, Buy 50% now, and wait, if it drops to $0.50c buy 50%
This is NOT financial advise, just my opinion
$OPUL | SLEEPING GIANT IS ABOUT TO MAKE ITS NEW MOVEWith the strong fundamental, Opulous had some bad times by reason of bad market conditions and unlock the vesting tokens.
I believe that the time has come for this starlet.
Daily rsi breakout and macd looks bullish and giving buy sign.
Price in the buy zone for me. It's really worth a shot imo.
If the market and btc keep recovering $OPUL can bounce big.
Always do your own research, this is not a financial advice.
Always use stoploss in unstable market.
OPUL get up 30-50% We always buy before pump the price.
OPUL will get up at least 50%✍🏻😇
Buy and hold to first tp.🤩💎
Bearish on OPUL due to vested tokens releaseBe mindful that OPUL will airdrop Vested tokens to early investors on the 23/01/2021, I see a sell wall following as these early investors bought these tokens for $0.05c
What Is Vesting?
It’s a certain amount of tokens that are held aside for some period of time for the team, partners, advisors, and others who are contributing to the development of the project. Smart contracts usually lock a certain amount of funds until contract conditions are met. For example, startups that use the blockchain technology can lock a certain amount of tokens: the team can reserve 15% of coins, for instance, which will be gradually released once a month/quarter/year during the project process for financial purposes. In general terms, the process of releasing these coins is called vesting.
