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Optimism

Will the Optimism update help OPUSDT price accelerate?Last week, there was a very important update for Layer2 of the Optimism Bedrock network. Key points of the optimization: Commission reduction by more than 50%+. Time for depositing funds has been reduced from 10 to ~3 minutes due to the "fee market" model, which helps to prevent DoS attacks. Improved Node/ performance, reducing node synchronization time by 50 times. Reduced fees make Optimism Mainnet the cheapest Ethereum L2 for token exchange. The Optimism team is actively working on the project's development, building a very strong ecosystem, and seems to believe in the prospects of their brainchild. But so far, all these updates have not had much of an impact on the OPUSDT price. Looking at the chart, we can assume that the growth of the Optimism token price to a strong liquidity zone of $1.47-1.50 in the coming days is a very positive scenario. Let's see, if the crypto market participants are interested in Optimism, to push the Op price up in the future, and the number of likes and comments under this idea will be a good "litmus test". _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
24
Optimisim possible Scenarios What's Next?!! 👀 OP today analysis💎OPUSDT is currently trading at a critical stage, with two possibilities observed. The price is consolidating after making a lower low below the triangle pattern, indicating some bearish sentiments. 💎This is further supported by the price maintaining its momentum below the Ichimoku clouds and the RSI also showing the same downward movement. 💎On the bullish side, if it breaks above this triangle pattern and the RSI signals an upward move, we could see a positive shift. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
by MyCryptoParadise_Simon
1
OPtimism At Its Best 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. OP has been bearish trading inside the falling channel in green, and we are currently approaching the lower bound. Moreover, the zone 1.0 is a strong demand zone and round number. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower green trendline. As per my trading style: As OP is sitting around the purple 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
20
OPTIMISM OPUSDT Price analysis (Daily)Greetings, esteemed traders of the TradingView community! Today, we bring to your attention the price of OPUSDT. Since reaching its all-time high (ATH) back in February 2023, the price has experienced a significant decline of approximately 50%. However, recent price action has caught my attention as OPUSDT has started to break out from a red trendline, which has been forming since the bottoms observed in 2022. This breakout holds potential for a continuation in the price's downward trajectory. Furthermore, a triangle formation that developed between February and April of 2023. The triangle pattern was broken to the downside, and the target of this pattern aligns closely with a previous resistance zone around the range of 1.3-1.4 USD. Considering the oversold conditions indicated by both the MACD and RSI indicators, it becomes quite likely that we may witness a rebound in this aforementioned price zone. This presents an intriguing opportunity for traders to explore. Thank you for your attention and support. Feel free to explore our other articles, follow our page for more updates, and kindly share your valuable feedback on this idea. Happy trading!
by Vestinda
3
1Inch/USDT Bearish Chart Analysis #1Inch/USDT Technical Analysis Update Current Price: $0.378 The #1Inch/USDT pair has recently broken below the strong support level at $0.44, indicating a bearish trend. With the price currently below $0.44, we can anticipate further downside potential of around 20-30% from the current levels. Key Levels to Watch: Strong Support: $0.27 Resistance: $0.44/$0.53 It is crucial to monitor the $0.44 resistance level closely. If the price remains below this level, we can expect a further decline towards the $0.270 support level. Stay tuned for more updates!
Short
by CryptoPatel
2
Pointy time for $OP [Optimism]Honestly, I like patterns. I like this one for Optimism with its converging trend-lines and a palpable tension about a break to the upside/downside, most likely in the next 10 to 14 days. It being a market it is always unclear, and not possible to predict prices despite all the fancy tools. MORE: The year has seen OP break out from it's low during the bear market in 21-22 and then follow a regression path for the last few months between HKEX:2 and $3. Most of the time it moves between a support level around $2.15 - $2.30 and a resistance zone between $2.5 and $2.7. The trend lines, wherever you start, between the declining high's and the rising lows all converge at some point in May. So it's all very exciting if you like that sort of thing. If you "clean-up" (ignore) the 'extra low' data point that occurs at the collapse of silvergate, silicon bank and signature. It's really neat and predictable. Especially for longer periods. I am in a long position based on the RSI (which indicates a break out to the upside) and other technicals. There are plenty of supporters of a flat-bottomed regression like this (a right-angled triangle that fell over) being a strong sign of a positive / bullish upturn. The flat bottom indicating very strong support. There are no major break points to the downside, everyone seems to feel bullish about the market in general etc And they predict a rise of anywhere >100%. I am hesitant, like all sane investors. There are also excellent analyses available that expect the reverse - that the longer EMA's (exponential moving averages) will cross and the token will move to the downside, possibly as far as $1.6 before moving upwards. All of these are indicated on the chart with a variance in the bullish trends marked as the typical angle (green) and a more contested rise (teal). Time will tell.
Long
by toklas_boo
1