OptimismUpdate
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#OptimismUpdate | Market Rebound Amid Fear
The crypto market is showing signs of recovery as $BTC climbs above $110K and $ETH surpasses $4K, driven by hopes of Fed rate cuts and improving U.S. economic sentiment.
Optimism (OP) trades around $0.447, up 2.3% in the past 24 hours but still down 34% over the month. With a $1.81B market cap and $62.5M volume, it ranks 42nd on Binance.
Recent upgrades like Span Batches—which slashed on-chain data storage by 90%—and Circle’s CCTP integration are strengthening Optimism’s ecosystem and interoperability.
Technically, OP remains bearish, trading below its 50 & 200-day SMAs, though an RSI near 30 hints at a possible rebound. Key support sits at $0.42–$0.44, with resistance near $0.60.
Watch out for the Oct 31 token unlock (1.8% of supply), which could add short-term selling pressure.
#CryptoNews #Optimism #Altcoins
The crypto market is showing signs of recovery as $BTC climbs above $110K and $ETH surpasses $4K, driven by hopes of Fed rate cuts and improving U.S. economic sentiment.
Optimism (OP) trades around $0.447, up 2.3% in the past 24 hours but still down 34% over the month. With a $1.81B market cap and $62.5M volume, it ranks 42nd on Binance.
Recent upgrades like Span Batches—which slashed on-chain data storage by 90%—and Circle’s CCTP integration are strengthening Optimism’s ecosystem and interoperability.
Technically, OP remains bearish, trading below its 50 & 200-day SMAs, though an RSI near 30 hints at a possible rebound. Key support sits at $0.42–$0.44, with resistance near $0.60.
Watch out for the Oct 31 token unlock (1.8% of supply), which could add short-term selling pressure.
#CryptoNews #Optimism #Altcoins
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