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$OP is trying to break out of its correction Optimism is another Layer-2 solution for Ethereum. This token has shown pretty poor performance over the past year and a half. On the daily timeframe, we can see that the overall decline is starting to slow within a descending price channel. There's a bullish divergence with RSI forming at the channel lows 🐂. With this bullish signal, OP has started to recover. Right now it’s pushing through a series of mirror levels acting as resistance. For further upside, it needs to break out above the upper boundary of the channel and clear the ~$0.79 level 📈. It’s very close to that point now. A breakout here could trigger a move up to ~$0.92 and the 200EMA area.
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🚨 BIG UPDATE: Charles Hoskinson just revealed that the Cardano Foundation will release its official audit report this August! ▪️Hoskinson will livestream the entire reading of the audit for full public transparency. ▪️This indicates Cardano's accountability as it gears up for the next major upgrade phase. This could indicate the spark that reignites confidence in $ADA ...
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$ETH futures open interest just hit a new all-time high of $52.14B, with 14.31M ETH in active positions, according to Coinglass. Open interest has been rising for over a month. Top exchanges: - Binance: $9.33B - CME: $6.81B
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🚨 UK GOV may sell £5B in seized $BTC to fix a £50B budget hole ▪️ 61,000 BTC from 2021 crypto fraud case ▪️ Now worth over $8.2B ▪️ Held by 56 entities as “strategic reserve” If confirmed, this could be the largest government crypto liquidation ever.
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BREAKING: Over 56 entities now collectively hold 1.8M $ETH as strategic reserves — valued at $6.44B. That’s 1.46% of Ethereum’s total supply being locked by high-conviction players. Smart money isn't waiting — they’re accumulating.
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