#OPUSDT Short-term trading signal | Building for movement
And you are the master of your decisions, do your own research 🤷♂️⬇️
Entry area: $0.4700 – $0.5300
🎯 Targets:
TP1: $0.5600
TP2: $0.6200
TP3: $0.7000
TP4: $0.7800
TP5: $0.9500+
🛡️ Stop Loss: $0.4300
Overall price trend
Price data shows that the coin #Optimism ($OP ) is undergoing a downward correction. The coin started to decline from $0.51 to the current level around $0.496, with noticeable fluctuations during the trading period.
Key support levels
- Level 1: $0.490 (near support tested multiple times)
- Level 2: $0.485 (medium support area)
- Level 3: $0.472 (strong support previously bounced from)
Key resistance levels
- Level 1: $0.500 (important psychological resistance)
- Level 2: $0.510 (recently tested resistance)
- Level 3: $0.520 (strong resistance)
Factors influencing the price
1. Upcoming token launch: According to reports, approximately 32.21 million tokens of $OP
(valued at $15.84 million) will be launched on June 30, which may put additional pressure on the price.
2. Institutional Interest: Choosing the Optimism network as a candidate for launching the Wyoming state government stablecoin (WYST) indicates increasing institutional recognition.
Future outlook
In the short term, downward pressure is likely to continue as the launch of new tokens approaches. Key support levels should be monitored, especially at $0.485, as breaking this level may signal further decline.
In the medium term, the outlook for the coin may improve as the Optimism ecosystem develops and more projects adopt it as a layer 2 solution, especially with the potential integration with projects like the WYST government coin.
The information mentioned above has been researched and summarized by artificial intelligence, and does not constitute investment advice.