📊 Market information
• Current price: ~0.7566 USD
• 24h volatility: -0.0129%
• 24h high: 0.7782 USD
• 24h low: 0.7467 USD
• 24h trading volume: ~141 million USD
• Market capitalization: ~1.3 billion USD
• Circulating supply: ~1.71 billion OP
• Maximum supply: 4.29 billion OP
• All-time high (ATH): 4.86 USD
• Current price compared to ATH: -84.4%
🧠 Project overview
Optimism (OP) is a Layer 2 solution for Ethereum, using Optimistic Rollups technology to increase speed and reduce transaction costs. OP is the governance token of the Optimism ecosystem, allowing holders to participate in decisions on proposals and development direction of the network. The governance system of Optimism consists of two main components: Token House and Citizens’ House, to ensure broad and fair participation in resource allocation and community development.
⚠️ Market warning
• Impact from BTC: The altcoin market, including OP, is strongly influenced by BTC volatility. When BTC experiences strong fluctuations, technical analysis may become ineffective. Investors should be cautious and consider their trading decisions carefully.
• Significant price volatility: OP has experienced considerable price fluctuations since its launch, with an initial strong increase followed by a deep correction. Investors need to closely monitor and manage risks.
📈 Technical analysis
• 1H & 4H frame: OP is fluctuating in the range of 0.7467–0.7782 USD. No clear trend signals yet.
• 1D frame: MACD and RSI show slight bearish signals, but have not confirmed a strong downward trend.
• 1W frame: Price is still within a long-term downward channel, needs to break the 0.85 USD level to confirm an upward trend.
🎯 Trading strategy
Long Order:
• Entry: 0.7566 USD
• TP: 0.8500 USD
• SL: 0.7200 USD
• Success probability: ~60%
Short Order:
• Entry: 0.8500 USD
• TP: 0.7500 USD
• SL: 0.8800 USD
• Success probability: ~55%
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