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Optimism

Optimism (OP) Optimism is a layer two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.Optimism is one of the biggest scaling solutions for Ethereum with over $300 million in TVL. Optimism price today is $1.23 with a 24 hour trading volume of 270 million dollars, OP price is up 15% in the last 24 hours after a little correction OP can hit 1.3 and 1.5 did you manage to buy OP at 0.8$?
by moonypto
15
OP & ALTs Resistance While I remain very bullish on crypto and alts I think this recent pump is not quite the true breakout. I like the OKX:OPUSDT chart because it's price action has been a nice cheat sheet/ indicator for where the crypto market is. Significant peaks are usually the tops and clear support zones are usually the bottom in the market. OP here seems to be replaying the same structure as last year. If it breaks out of this zone then perhaps alts are on the verge of the ultimate breakout. But in the past the major breakouts usually happen after a slow and gradual drift higher. The timing can be off but just using last year as a guideline. These sharp moves higher are usually shorts getting liquidated and longs jumping in from short term perp leverage traders which can be unsustainable for the true breakout back to ATH or new highs. There are exceptions like BINANCE:SUIUSDT where it shorts get liquidated, longs pile in, and lots of late spot fomo buying occurs. What invalidates this is if BTC creates a god candle breaking the 70k level from here and doesn't slow. It makes a little more sense to me if we see alt season towards very EOY or towards the very beginning of 2025 if crypto as a whole shows strength here in Q4.
by bhx10
1
OPUSDT: Is a Major Move Brewing? Time to Watch Out !Yello, Paradisers! Have you noticed #OPUSDT’s recent action? It’s been battling at key levels, and a potential explosive move is on the horizon. Could we be heading towards a breakout, or is there a pullback looming? Let’s break it down 💎#OPUSDT has been trading within an ascending triangle, consistently tapping its previous resistance zone. This structure shows bullish pressure, as the price keeps respecting its ascending support, indicating the buyers are firmly in control. 💎Recently, OPUSDT broke through its resistance level and successfully retested it, further solidifying the upward trend. The next major target sits at the $1.78 resistance zone. 💎If strong buying volume kicks in, OPUSDT could surge towards the next resistance cluster around $2.03 - $2.13. This level, however, could pose significant resistance. Pay close attention to this zone. 💎Despite the breakout, there’s always the possibility of a retracement. OPUSDT could dip towards a major support zone, regroup, and make another run toward resistance. 💎Watch for the 8H candle close below $1.335. If this level breaks, it could invalidate the bullish structure, signaling a move down to test further supports. As always Paradisers, patience and discipline are key. Only the most strategic Paradisers will catch the right entry points here. Stay focused, trade smart, and keep an eye on those critical levels if you want to be on the winning side of this market! MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Jack
Breakout Alert: #OPUSDT has Broken Above the Falling WedgeYello, Paradisers! Are you ready to capitalize on the next big move in #OPUSDT? We've been laser-focused on #Optimism as it navigates a critical juncture, and it’s time to assess whether the bulls can take charge or not: 💎Currently, OPUSDT is showing promising signs of a bullish continuation from the bullish Order Block (OB) around $1.27. The falling wedge formation we've been tracking has broken to the upside, and momentum is building within this crucial demand area. 💎If this momentum persists, we could be on the brink of a strong bullish surge. But to confirm this bullish scenario, #OP must break above the minor resistance level at $2.02. We could witness a significant rally if this resistance is successfully breached, with the target set at the major resistance zone. 💎But don't let your guard down. If the momentum weakens and OPUSDT breaks below the bullish OB, we could see a dip toward the lower support zone between $1.06 and $1.15. 💎If the price continues to decline and we see a daily close below this area then it would invalidate the bullish outlook and might lead to further declines. Stay focused, patient, and disciplined, Paradisers🥂 MyCryptoParadise iFeel the success🌴
Long
by MyCryptoParadise_Simon
op goes to $32gm, read that title again, and let it sink in. --- optimism has been expanding extremely quickly over the last year,,, from large players like coinbase creating base on the chain, to a conglomerate like sony in the works of creating soneium... this is a rapidly growing chain, and there are incredible builders creating something truly magnificent as we progress into the future. --- optimism to me personally looks really good. there are a few ways i can label it, but this particular way is currently my favorite way, and it's is the "conservative" way. --- my conservative upside target on this project sits at $32 near the height of the upcoming alt-season. i do predict that it will most certainly go higher after, but that'll be an extreme which will be more than worthy of selling into. --- tldr; op to $32 as alt season begins.
Long
by Eloquent
OP/USDT Trading ScenarioAfter reaching an all-time high of $4.866, the asset's price corrected by more than 78%, returning to a zone of interest for participants, as defined by the volume profile and the key POC level. According to Fibonacci levels, the current asset price is in a buying zone. In this situation, based on indicator readings, it's possible to consider building a position in OP assets with the aim of holding and potential growth to at least the 0.5 Fibonacci level, corresponding to the price point of $2.61. There is also the possibility of further price movement with a new ATH.
by Rick_SimpleSwap
Astar Network $ASTR will 40x - 130x this bull run!KRAKEN:ASTRUSD may be one of the most undervalued, under-the-radar cryptocurrencies at the moment. Astar is the token of the Astar Network. Recently, it was announced that Astar zkEVM will transition to become #Soneium, the revolutionary #Ethereum CRYPTOCAP:ETH L2 launched by #Sony. The founders of the Astar Network and Soneium have announced and confirmed that the Astar Network is a special partner of Soneium and that there will be massive incentives and rewards for Astar token holders. Sony is the first giant tech and entertainment company to enter the crypto industry. Sony will launch a #crypto exchange in #Japan. Sony has a vast entertainment network - Sony Music, Sony Gaming, Sony Film will all be integrated within the Soneium network, so the Astar Network (& Token) will, als the de-facto coin of Sony, have massive utility, unmatched by any other cryptocurrency currently in existence. This insanely bullish news will finally lead to crypto Going Mainstream #GM - and here's your chance to be "in" before the masses arrive - and they will arrive. This is the bullish narrative and news for #Astar. However, the Astar chart also shows promising bullish signals. 1. There is a massive hidden bullish divergence on the weekly chart, indicating underlying strength. 2. There has been an EXPLOSIVE increase in volume near the lows. The insane increase in volume began prior to the Soneium announcement, which count hint at insiders accumulating. 3. On Balance Volume is also increasing EXPLOSIVELY, which indicates that the massive increase in volume was primarily due to BUY PRESSURE (buy volume), not sell pressure! Now, how high can Astar Network go? Currently, the coin is ranked #140 in terms of marketcap. Its market cap is $0.45b while its fully dilluted marketcap is $0.5b. This means there won't be many unlocks, and, in fact, the Astar Foundation has been burning tens of millions of tokens. The tokenomics are insanely bullish. Furthermore, the coin has very high volume, which means its a liquid coin. SCENARIOS: 1. Astar bull cycle market cap = Polkadot's current marketcap --> 14x 2. Astar bull cycle market cap = 2x Polkadot's current marketcap --> 28x 3. Astar bull cycle market cap = Polkadot's 2021 marketcap peak --> 130x 4. Astar bull cycle market cap = half of Polkadot's 2021 marketcap peak --> 65x --- Astar bull cycle market cap = the average of the above 4 scenarios --> 60x 5. Astar bull cycle market cap = Filecoin's 2021 marketcap peak --> 28x 6. Astar bul cycle market cap = Cosmos' 2021 marketcap peak --> 28x --- Astar bull cycle market cap = the average of the above 6 scenarios --> 49x --- Astar bull cycle market cap = the average of the two averages --> 55x 7. Astar bull cycle market cap = 20% of Polkadot's this cycle potential marketcap if price returns to previous ATH --> polkadot new ATH marketcap potentially 80 billion x 0.20 = 16 billion / 7.5 billion = 2.13 / 0.062 = 34x 8. Astar bull cycle market cap = 50% of Polkadot's this cycle potential marketcap if price returns to previous ATH --> polkadot new ATH marketcap potentially 80 billion x 0.50 = 40 billion / 7.5 billion = 5.33 / 0.062 = 86x --- Astar bull cycle market cap = average of the last mentioned two scenarios = 60x --- Astar bull cycle market cap = average of all the outcomes above (scenarios + averages of scenarios) = 637 / 12 = 53x Based on these scenarios, a 53x could theoretically happen for the Astar token. The token checks all marks: extremely bullish reversal chart, incredibly bullish news + narrative, new token, good tokenomics, and potential future catalysts to fuel it rising even higher (like a listing on Coinbase, for example). In my opinion, Astar could 53x from here. The Astar Network chart looks like it is poised for a breakout. A break above the $0.1 level could trigger a parabolic move. Finally, lets not forget that Astar Network token has been in a correction since January 2024, while most other coins have only been correcting since April. In other words: Astar's bear market is more advanced and could therefore, theoretically, reverse sooner than other coins. Do with this information as you wish!
Long
by couldntcomeupwithone
3
OP/USDT Major trend. 07 2024Logarithm. Time Frame 1 week. After the listing there were 3 cyclical pumping of the “participation” phase. PR, hype, connection of the majority in mass media. The reversal occurred with a typical breakout in the secondary trend of a triangle (first pumping) or a wedge (second pumping). Now the third wedge is forming, the price is near the dynamic Gann support (reaction from it), but still in the range of the descending wedge pattern. On a line chart (liquidity, no slippage) the declines are cyclical at -63% each time according to the algorithm. Each successive top +55% of the previous secondary trend. It is quite possible that something similar will happen again this time (not necessarily), but only ideally after holding dynamic fan support and breaking wedge resistance. I have purposely shown only medium-term targets after a trend break. Gann's trend fan is plotted on the chart, i.e. dynamic support/resistance areas for the future. Optimism customization - L2's blockchain scaling solution ETH Crypto funds have invested a total of $267 million. Secondary trend Time frame 3 days
Long
by SpartaBTC
2
Op goes to $100.What is Op, and why am i writing about it today? Optimism, in the context of blockchain technology like Ethereum, is a technique that enhances scalability by processing transactions off-chain in batches before settling them on the mainnet. Instead of individually processing each transaction on Ethereum's main blockchain, Optimism aggregates multiple transactions off-chain, thereby reducing congestion and fees. This approach boosts transaction speed and efficiency while maintaining Ethereum's security through periodic verification and settlement on the mainnet. Think of it like a faster lane on a highway that allows more transactions to flow swiftly without clogging up the main road, making decentralized applications (dApps) more practical and accessible by addressing Ethereum's scalability challenges. --- Op has recently transitioned to Stage 2. What is Stage 2? This is the final stage where the rollup becomes fully managed by smart contracts. At this point, the fraud proof system is permission-less, and users are given ample time to exit in the event of unwanted upgrades. The Security Council’s role is strictly confined to addressing soundness errors that can be adjudicated on-chain, and users are protected from governance attacks. --- So, why do i believe Op is ready for lift-off? Based on our primary theory, Op is currently in a macro bullish nest. A bullish nest consists of 1-2 sequences in Elliott Wave Theory. It can be likened to a consolidation phase where each preceding 1-2 sequence decreases in size, accompanied by seemingly reduced momentum. People often lose patience and are shaken out just before the parabolic expansion, (which we are identifying as the macro wave 3), unfolds. --- My estimated target for wave 3 sits at $20 My estimated target for wave 4 sits at $7 My estimated target for wave 5 sits at $100. All of this is set to take place into 2025. --- 🌙
Long
by Eloquent
1