#op🔥🔥 (Optimism) Weekly Outlook
Current Market Data
• Last Price: $0.701 USDT
• Price 24h ago: $1.1783 USDT
• 24h Change: $-0.18%$
• 24h High: $1.1973 USDT
• 24h Low: $1.0585 USDT
• 24h Trading Volume: $3,339,373.78 ORP
• Total Market Cap: $18,829,953 USDT
• Inflows (-in tokens) = $18,408,847 USDT
• Outflows (=net flow) = $421,106 USDT
Support and Resistance Level
• Support Level: $1.0566 USDT
• Resistance Level: $1.1428 USDT
Conclusions
Currently, the OP price is at $1.0701 USDT, which is below the resistance level at $1.1428 USDT and above the support level at $1.0566 USDT. Given the current decline of 9.18% over the past 24 hours, it is important to monitor the price action near the support level. If the price holds above $1.0566 USDT, this may provide an opportunity for a recovery to the resistance level. Otherwise, a breakout of the support level may lead to further declines.
Recommendations
Monitor the trading volumes: high volume can indicate strong moves.