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OP

OP/USDT Break Alert! It shows will retesting before continue UP!💎 Paradisers, #OP is indeed a coin worth monitoring closely. 💎 It's currently poised for a potential retest of the LTF demand zone around $2.47 after encountering resistance at the OB- area around $3.04. Notably, the chart already indicates a breakout from the descending channel, which is a positive sign. 💎 If OP successfully bounces from the LTF demand area, it could signal upward movement, contingent upon breaking through the OB- area to reach our next target strong resistance zone. 💎 However, if OP fails to bounce from the demand zone and breaks below it, we might see continued downward movement with a retracement to the support area. The last time OP reached the support area around $2, it exhibited significant bouncing and recovery, suggesting a similar pattern could unfold if it revisits this level. 💎 The bullish invalidation would be confirmed if OP fails to bounce at the support and the daily candle closes below the $1.86 support area. In such a scenario, the price would revert to a bearish trend and continue downward. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
3
OPTIMISM (OP)Optimism (OP) is a layer-2 scaling solution for Ethereum that focuses on enhancing transaction speeds and reducing costs through Optimistic Rollups. This method offers a significant boost in throughput and efficiency for developers building on Ethereum, making it a critical player in the blockchain scalability arena. Given the continued importance of scalability for Ethereum and Optimism's effective technology, the next price targets for OP might realistically be set at $3.20, $4.00, and $7.00. Traders considering this bullish context may wish to engage now. This trading suggestion is based on Optimism's robust role in expanding Ethereum's capabilities and the general bullish trend in demand for layer-2 solutions.
Long
by icordkaz
📈Analyzing OP: Fundamentals and Technical Outlook💎🔍Today, we delve into the analysis of Optimism (OP) coin, a leading project in Ethereum Layer 2 solutions. Being one of the earliest and most reputable Layer 2 solutions, Optimism has garnered significant attention, particularly from DeFi enthusiasts, due to its substantially lower transaction fees compared to Ethereum. This has allowed users with limited capital to participate in DeFi and reap profits, further boosting its popularity within the crypto community. 📰Fundamentally, Optimism has demonstrated its potential with a daily trading volume of $500 million across 38 markets. Now, let's shift our focus to the technical aspects. Nearly a year since its listing on Binance, Optimism reached its all-time high (ATH) of $4.865 in early 2024. Presently, after a corrective phase, it has found support around $1.8 and currently resides at approximately $2.77. The next significant resistance lies at $2.943, with expectations high for its eventual breach. 📈The weekly timeframe indicates an upward trend, despite a recent selloff candlestick accompanied by significant volume, suggesting the possibility of further upward movement if green volumes begin to increase. However, persistent selling volumes and the SMA25 acting as resistance, particularly aligning with the $2.943 level, present a formidable barrier that could impede price action. 🛒In the event of further correction, a buying opportunity may arise in the range of $1.97 to $2.3, but it's advisable to exercise patience and wait for candlestick confirmation before entering the market. Subsequently, lower timeframes such as the daily can provide additional confirmation for our buy signal. ✅Our initial target is set at the ATH, with further targets to be identified upon consolidation above this level, utilizing Fibonacci extensions to pinpoint higher targets and resistances. Regarding the RSI, maintaining support at 41.7 is crucial to avoid potential heavy bearish pressure on the coin. 📝In conclusion, Optimism (OP) coin presents a compelling opportunity for traders, supported by both fundamental strengths and promising technical indicators. Traders are advised to exercise caution, await confirmation signals, and implement effective risk management strategies to navigate the market successfully.
Long
by itsparham96
Optimism OP price has been moving in its own "special way"Today, NASDAQ:OP #Optimism has attracted attention because it is not falling in line with CRYPTOCAP:BTC and other altcoins. In fact, for the past two weeks, the #OPUSDT price has been moving in its own "special way". Perhaps there is already some fundamental news ready for this price movement, do you know anything? Share in the comments. The critical level below is $2.30. If buyers hold on, then theoretically, the OP price could start to rise dynamically. Up to $3.40, or maybe even $4.40, or maybe even higher) Let's wait and see) _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
OP - Enjoy The Ride 🚗Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 OP has been overall bullish, trading within the rising broadening wedge pattern in red. Currently, OP is undergoing a correction phase and it is currently approaching the lower red trendline. Moreover, it is retesting a strong support zone marked in blue. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the blue support and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #OP approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
OP/BTC - Optimism: Failure Swing◳◱ On the $OP/ CRYPTOCAP:BTC chart, the Failure Swing pattern suggests indications that the trend may be gaining or losing strength. Traders might observe resistance around 0.00004557 | 0.00005564 | 0.00007365 and support near 0.00002756 | 0.00001962 | 0.00000161. Entering trades at 0.00003833 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Optimism ▣ Rank: 48 ▣ Exchanges: Binance, Hitbtc ▣ Category/Sector: Infrastructure - Scaling ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 0.00003833 ₿ ▣ 24HVol: 23.988 ₿ ▣ 24H Chng: 7.578% ▣ 7-Days Chng: 6.60% ▣ 1-Month Chng: -27.34% ▣ 3-Months Chng: -16.44% ◲◰ Pivot Points - Levels : ◥ Resistance: 0.00004557 | 0.00005564 | 0.00007365 ◢ Support: 0.00002756 | 0.00001962 | 0.00000161 ◱◳ Indicators recommendation : ▣ Oscillators: SELL ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : NEUTRAL ◲◰ Sharpe Ratios : ▣ Last 30D: -2.95 ▣ Last 90D: -0.57 ▣ Last 1-Y: 0.45 ▣ Last 3-Y: 0.65 ◲◰ Volatility : ▣ Last 30D: 1.19 ▣ Last 90D: 1.00 ▣ Last 1-Y: 1.01 ▣ Last 3-Y: 1.36 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.67 - Bullish ▣ In-depth OPBTC technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
OPUSDT.1DThe daily chart for Optimism (OP/USDT) illustrates a bearish trend with a series of lower highs and lower lows, which can be interpreted as a downtrend channel. The price is currently hovering near $2.467, with a clear support level at $1.635. The resistance level at $4.139 is crucial; a breakout above this level could signal a potential trend reversal. However, the current price action remains below this resistance, suggesting that the bearish sentiment is still dominant. Traders might look for short positions as long as the price is below the resistance level, with potential targets near the support level. A break above the resistance could invalidate the bearish outlook and shift the strategy towards looking for buying opportunities. Risk management is key, and stop losses should be considered above the resistance level when taking short positions to protect against sudden bullish reversals.
by MarsSignals
The key is whether it can receive support around 2.289 and rise Hello traders! If you "Follow" us, you can always get new information quickly. Please also click “Boost”. Have a good day. ------------------------------------- (OPUSDT 1M chart) This month's decline shows that the HA-High indicator is about to be created at the 2.759 point. Accordingly, the key is whether the HA-High indicator can be supported and rise near it when it is created. It is showing a rebound after touching the Fibonacci ratio point of 0.5 (1.828). Therefore, we need to see if it can find support around 0.618 (2.045) and rise above 2.289. (1W chart) It touched the psychological volume profile section and rebounded, but failed to receive support around 2.289 and showed a downward trend. Accordingly, the key is whether it can rise above 2.289. Currently, the HA-High indicator is formed at 3.777, so it is expected that in order to switch to an upward trend, it must rise above the HA-High indicator. (1D chart) The upward trend began on November 3, 2023, when the HA-Low indicator broke above the upper box section. And, on April 7, 2024, we encountered the HA-Low indicator for the first time. It is showing a stepwise decline as it fails to receive support near the HA-Low indicator and falls. Since the volume profile section of the 1M chart is formed around 2.289, the key is whether the price can be maintained by rising above 2.289. The time to buy is when it shows support near the HA-Low indicator and rises above the MS-Signal indicator. Aggressive buying is possible when support is seen around 2.289. In order to continue the upward trend, the HA-High indicator must rise or higher. ---------------------------------------- After the HA-Low indicator is newly created, the trend changes depending on whether it receives support or resistance. I think that there is nothing special about the decline in the HA-Low indicator because the fact that the HA-Low indicator was newly created means that the downward trend has already begun. However, the creation of the HA-Low indicator means that a low point has been formed. Therefore, even if the HA-Low indicator falls, it can be said to be a meaningful movement because it is highly likely to show movement to form a bottom section. Therefore, you can proceed with a split purchase whenever you encounter the HA-Low indicator. Have a good time. thank you -------------------------------------------------- - The big picture The full-fledged upward trend is expected to begin when the price rises above 29K. This is the section expected to be touched in the next bull market, 81K-95K. #BTCUSD 12M 1st: 44234.54 2nd: 61383.23 3rd: 89126.41 101875.70-106275.10 (when overshooting) 4th: 13401.28 151166.97-157451.83 (when overshooting) 5th: 178910.15 These are points that are likely to encounter resistance in the future. We need to see if we can break through these points upward. Since it is thought that a new trend can be created in the overshooting zone, you should check the movement when this zone is touched. #BTCUSD 1M If the general upward trend continues until 2025, it is expected to rise to around 57014.33 and then create a pull back pattern. 1st: 43833.05 2nd: 32992.55 -----------------
by readCrypto
OP/USDT A break the resistance, will indicating back to bullish.💎 Paradisers, it's intriguing to see the recent market dynamics of #OP. With the bounce from the demand area and now testing the resistance, the next moves are critical. 💎 If #OP manages to break above the resistance, it could signal a bullish reversal, paving the way for further upward movement, and potentially testing the strong resistance area. 💎 However, if #OP faces rejection at the resistance, it may retreat to test the demand area for renewed momentum. 💎 Bouncing from the demand area is crucial for sustaining bullish momentum. Failure to do so, resulting in a breakdown, could signify bearish sentiment, leading to further downward movement. MyCryptoParadise iFeel the success🌴
by MyCryptoParadise_Nathan
2
OP/USDT - Optimism: TrendLine Touch◳◱ On the $OP/ CRYPTOCAP:USDT chart, the Trendline Touch pattern suggests momentum building up for a significant move. Traders might observe resistance around 3.643 | 4.089 | 4.933 and support near 2.799 | 2.401 | 1.557. Entering trades at 3.198 could be strategic, aiming for the next resistance level. ◰◲ General info : ▣ Name: Optimism ▣ Rank: 49 ▣ Exchanges: Binance, Kucoin, Bybit, Huobipro, Gateio, Mexc ▣ Category/Sector: Infrastructure - Scaling ▣ Overview: None ◰◲ Technical Metrics : ▣ Mrkt Price: 3.198 ₮ ▣ 24HVol: 48,690,901.124 ₮ ▣ 24H Chng: 5.579% ▣ 7-Days Chng: -8.90% ▣ 1-Month Chng: -32.28% ▣ 3-Months Chng: -12.47% ◲◰ Pivot Points - Levels : ◥ Resistance: 3.643 | 4.089 | 4.933 ◢ Support: 2.799 | 2.401 | 1.557 ◱◳ Indicators recommendation : ▣ Oscillators: BUY ▣ Moving Averages: BUY ◰◲ Technical Indicators Summary : BUY ◲◰ Sharpe Ratios : ▣ Last 30D: -5.26 ▣ Last 90D: 0.22 ▣ Last 1-Y: 0.73 ▣ Last 3-Y: 0.73 ◲◰ Volatility : ▣ Last 30D: 0.87 ▣ Last 90D: 0.88 ▣ Last 1-Y: 0.97 ▣ Last 3-Y: 1.35 ◳◰ Market Sentiment Index : ▣ News sentiment score is N/A ▣ Twitter sentiment score is N/A ▣ Reddit sentiment score is 0.68 - Bullish ▣ In-depth OPUSDT technical analysis on Tradingview TA page ▣ What do you think of this analysis? Share your insights and let's discuss in the comments below. Your like, follow and support would be greatly appreciated! ◲ Disclaimer Please note that the information and publications provided are for informational purposes only and should not be construed as financial, investment, trading, or any other type of advice or recommendation. We encourage you to conduct your own research and consult with a qualified professional before making any financial decisions. The use of the information provided is solely at your own risk. ▣ Welcome to the home of charting big: TradingView Benefit from a ton of financial analysis features, instruments and data. Have a look around, and if you do choose to go with an upgraded plan, you'll get up to $30. Discover it here - affiliate link -
by Crypto2AF
OP/USDT Bullish Reversal on the Horizon? 👀🚀OP Analysis💎 Paradiser, get ready for an exciting trading opportunity with #OPUSDT! The current setup suggests a bullish turnaround from its support and FVG. 💎 Reflecting on the past, $OPTIMISM faced challenges in surpassing its previous high, resulting in a bearish sentiment. However, the tides appear to be shifting. At the support level of $2.619, which has already piqued buying interest, there’s a strong chance of a bullish shift targeting the significant supply zone at $4.803. 💎 As savvy traders, we always have a Plan B. If #OP dips below our critical support at $2.619, we’re poised to capitalize on a bullish rebound from a lower support and the Bullish OB at $2.116. But exercise caution, as breaching this additional support could indicate a deeper decline. 💎 Stay adaptable in your strategies and keep a close eye on the charts, fellow Paradisers. Your ParadiseTeam is here to guide you through these market waves with expert insight.
Long
by MyCryptoParadise
1
Op/usdt retesting key resistance| 👀🚀OP Today analysis💎 Paradisers, check out #OPUSDT as it's on an intriguing path, currently retesting a crucial resistance that could soon become support, signaling a potential bullish jump from here. 💎 After escaping a descending channel, $Optimism is gearing up to challenge the resistance at $3.847. A successful retest and maintaining strength at this level could set the stage for a bullish surge. With continued momentum, it's eyeing an initial resistance at $4.295, aiming to break through and tackle even higher barriers. 💎 Should #OP's price fall beneath this pivotal zone, it's time for a strategic shift. We're bracing for a bullish bounce from the secondary support at $3.395. Falling short of a comeback here could spell further drops. Let's remain alert and adaptable to swiftly navigate any market changes.
Long
by MyCryptoParadise_Simon
OPUSDT Road Map🗺️!!! situation+next targets.Hi. BINANCE:OPUSDT ✅Today, I want to analyze OP for you in a Weekly time frame so that we can have a MID-term view of OP regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). All says above the incoming breakout and rally🚀 ✅ Due to the Ascending structure of the chart... 🟢658 Days of Ascending Accumulation 🟢Higher Lows Structure 🟢Fixation above the $2.6-$3 Major Supply Zone (Megaphone) 🟢Megaphone is under the Upper Band of Ascending Accumulation Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
Optimism To The Moon🩸 NASDAQ:OP #Optimism (OP/USDT) (March 12, 2024) (#OP, #Spot) In 2024, Optimism continues to play a significant role in the Ethereum ecosystem as a Layer 2 optimistic rollup solution, emphasizing scalability and efficiency. With a total funding amount of $178.5 million, Optimism has attracted the interest of notable investors and companies, underscoring its potential in the blockchain space​​. Optimism's growth has been fueled by strategic partnerships and upgrades, enhancing the network's appeal to developers and users alike. This focus on network efficiency and expanded utility positions Optimism for potential growth amid a broader market adoption of Layer 2 solutions. Optimism has seen a notable rise in its ecosystem, making it an attractive option for investors looking for promising cryptocurrency projects in the run-up to a potential 2024 bull market​​. Tokenomics-wise, Optimism boasts a market cap of over $1.2 billion, with a total supply of approximately 4.3 billion tokens and an inflation rate of 2%. The distribution of these tokens is strategically allocated across retroactive public goods funding, investors, core contributors, the ecosystem fund, and airdrops. This allocation strategy underlines Optimism's commitment to both its community and its technological infrastructure​​. 🕵️ Investors (Tier 1,2): a16z (Andreessen Horowitz), IDEO CoLab Ventures, Paradigm As the crypto landscape continues to evolve, Optimism's developments and its role within the Ethereum scaling solution space signify the dynamic nature of the market, offering promising avenues for both developers and investors. 🟢 Entry price: $4.38 🟢 Take Profit 1: $8.76 (50%) 🟢 Take Profit 2: $18.80 (10%) 🟢 Take Profit 3: $23.50 (10%) 🟢 Take Profit 4: $28.20 (10%) 🟢 Take Profit 5: $32.90 (10%) 🟢 Take Profit 6: $37.60 (10%)
Long
by UnknownUnicorn285026
Optimism Offloads $90M Worth of Tokens in Private DealThe Optimism Foundation has made headlines with its recent private sale of governance tokens, sparking discussions within the Ethereum community. Let's delve into the details of this significant transaction, analyzing its implications, transparency, and the varied responses it has garnered. Unveiling the Sale: The Optimism Foundation ( NASDAQ:OP ), stewards of the Ethereum layer-2 blockchain, recently announced a private sale of approximately 19.5 million of its governance tokens. Valued at around $90 million, this move signifies a strategic decision by the organization to manage its token treasury effectively. Understanding the Vesting Period: Central to the sale is a two-year vesting period imposed on the buyer, preventing immediate token liquidation. This mechanism aims to maintain stability within the ecosystem while enabling governance participation for the purchaser. Such measures underscore the foundation's commitment to responsible token distribution and long-term sustainability. Transparency and Community Discourse: While the sale was conducted privately, it sparked debates within the Ethereum community regarding transparency and governance practices. Ethereum advocate Anthony Sassano expressed concerns over the lack of transparency, highlighting the importance of open communication in fostering trust. However, others defended the foundation's actions, acknowledging the necessity for sustainable funding and operational viability. Strategic Asset Allocation: The sale draws from the "unallocated portion" of the NASDAQ:OP token treasury, constituting 30% of the initial token supply. This strategic allocation reflects the foundation's prudent management of resources to support ongoing development initiatives and ecosystem growth. Lessons from Past Transactions: This isn't the first time Optimism has engaged in a private token sale. A similar transaction occurred in September 2023, raising $160 million, albeit with similar concerns raised within the community. However, the adherence to a two-year lockup period mitigated immediate market impacts, emphasizing the importance of structured token release strategies. Conclusion: As the Ethereum ecosystem continues to evolve, governance token sales play a pivotal role in shaping the trajectory of projects like Optimism ( NASDAQ:OP ). While debates surrounding transparency and strategic asset management persist, the foundation's commitment to long-term sustainability and ecosystem development remains unwavering. Moving forward, open dialogue and collaborative decision-making will be key in navigating the complexities of token economics and community governance in the blockchain space.
Long
by DEXWireNews
2