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Optimism has successfully crossed above the falling wedge pattern on the daily timeframeš§
If momentum continues, we could see price climb towards $2.10 in this bullish wavešÆ
$OP $BTC #Opcoin #StrategyTrade #bommviral
Optimism has successfully crossed above the falling wedge pattern on the daily timeframeš§
If momentum continues, we could see price climb towards $2.10 in this bullish wavešÆ
$OP $BTC #Opcoin #StrategyTrade #bommviral
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When will OP make the expected rise š¤š
Currently, Optimism (OP) is trading at around $1.65 and has been trending down recently. However, there is a possibility of a recovery in the short term.
OP is expected to reach $1.73 in the coming week, and the resistance levels between $1.75 and $1.80 are important points to watch for a possible rise. If you are thinking of entering, waiting for a break above these resistance levels may be strategic.
In the longer term, OP is expected to rise to $2.97 by the end of 2024. However, in the short term, market sentiment is cautious and the "Fear & Greed" index is on the fear side, which may negatively affect performance in the short term.
Watching these levels and general market movements will support your investment decisions.
$OP #WeAreAllSatoshi #opcoin
Currently, Optimism (OP) is trading at around $1.65 and has been trending down recently. However, there is a possibility of a recovery in the short term.
OP is expected to reach $1.73 in the coming week, and the resistance levels between $1.75 and $1.80 are important points to watch for a possible rise. If you are thinking of entering, waiting for a break above these resistance levels may be strategic.
In the longer term, OP is expected to rise to $2.97 by the end of 2024. However, in the short term, market sentiment is cautious and the "Fear & Greed" index is on the fear side, which may negatively affect performance in the short term.
Watching these levels and general market movements will support your investment decisions.
$OP #WeAreAllSatoshi #opcoin
$OP
š $OP /USDT Market Analysis: Is a Breakout Imminent? š„š
Current Price: $1.164 (+5.53%)
24-Hour High: $1.189 | 24-Hour Low: $1.085
š Key Levels to Watch:
Resistance Zone: $1.18 - $1.19 (Critical level for a potential breakout)
Support Zone: $1.15 - $1.14 (Watch for a potential retest)
š Trade Strategy:
Breakout Entry: If $OP surpasses the $1.19 resistance level, anticipate a surge towards $1.22 or higher.
Pullback Entry: If price revisits $1.15, this may present a favorable risk-to-reward opportunity for entering long positions.
šÆ Target Areas:
TP1: $1.19 (First resistance retest)
TP2: $1.22 (Continuation of bullish momentum)
TP3: $1.25+ (Extended breakout scenario)
š Market Outlook:
OP is currently trending upwards but is facing a key resistance level around $1.19. For further bullish movement, a clean breakout above this level is crucial. However, if the price fails to break through, we may see a pullback to support levels around $1.15. Keep an eye on market volume and trend momentum for additional confirmation.
š„ WiOP break past resistance or take a step back for a stronger move? Stay alert and ready to act! š
#OPCoin #CryptoAnalysis #MarketTrends #BreakoutSetup
š $OP /USDT Market Analysis: Is a Breakout Imminent? š„š
Current Price: $1.164 (+5.53%)
24-Hour High: $1.189 | 24-Hour Low: $1.085
š Key Levels to Watch:
Resistance Zone: $1.18 - $1.19 (Critical level for a potential breakout)
Support Zone: $1.15 - $1.14 (Watch for a potential retest)
š Trade Strategy:
Breakout Entry: If $OP surpasses the $1.19 resistance level, anticipate a surge towards $1.22 or higher.
Pullback Entry: If price revisits $1.15, this may present a favorable risk-to-reward opportunity for entering long positions.
šÆ Target Areas:
TP1: $1.19 (First resistance retest)
TP2: $1.22 (Continuation of bullish momentum)
TP3: $1.25+ (Extended breakout scenario)
š Market Outlook:
OP is currently trending upwards but is facing a key resistance level around $1.19. For further bullish movement, a clean breakout above this level is crucial. However, if the price fails to break through, we may see a pullback to support levels around $1.15. Keep an eye on market volume and trend momentum for additional confirmation.
š„ WiOP break past resistance or take a step back for a stronger move? Stay alert and ready to act! š
#OPCoin #CryptoAnalysis #MarketTrends #BreakoutSetup
As of December 7, 2024, Optimism (OP) is trading at approximately $2.71 USD, reflecting a 5.40% increase over the past 24 hours. The token has a circulating supply of 1,255,070,491 OP, contributing to a market capitalization of around $3.4 billion.
In recent developments, Kraken has secured a $42.5 million grant from Optimism to launch Ink, a layer-2 solution on the Optimism blockchain. Additionally, Coinbase's layer-2 network, Base, has integrated Optimism's fault-proof system to enhance decentralization.
These initiatives aim to bolster the scalability and security of the Ethereum ecosystem, with Optimism playing a pivotal role in these advancements.
#OPCOIN #OPUSDT
In recent developments, Kraken has secured a $42.5 million grant from Optimism to launch Ink, a layer-2 solution on the Optimism blockchain. Additionally, Coinbase's layer-2 network, Base, has integrated Optimism's fault-proof system to enhance decentralization.
These initiatives aim to bolster the scalability and security of the Ethereum ecosystem, with Optimism playing a pivotal role in these advancements.
#OPCOIN #OPUSDT
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