OPUSDC
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%)
Buying Optimism - Target 1.58Traders,
Optimism with the triangle breakout and retest is a solid entry rn. Additionally, there is some hidden bullish divergence occurring on the RSI!
Entry = 1.34
Target = 1.58
SL = 1.25
r/r = 3
Not fin advice. Just showing you all what I am currently playing.
Best,
Stew
OPUSDT - Buy Setup!!OPUSDT (1D Chart) Technical analysis
OPUSDT (1D Chart) Currently trading at $2.56
Buy level: Above $2.55
Stop loss: Below $2.15
TP1: $2.9
TP2: $3.25
TP3: $ 4
TP4: $ 5
Max Leverage 2x
Always keep Stop loss
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OPUSDT - Buy Setup!!OPUSDT (4h Chart) Technical analysis
OPUSDT (4h Chart) Currently trading at $0.95
Buy level: Above $0.95
Stop loss: Below $0.88
TP1: $0.98
TP2: $1
TP3: $1.12
TP4: $1.2
Max Leverage 3x
Always keep Stop loss
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OPUSDT - Channel Breakout!OPUSDT (4h Chart) Technical analysis
OPUSDT (4h Chart) Currently trading at $1.26
Buy level: Above $1.25
Stop loss: Below $1.072
Target 1: $1.37
Target 2: $1.61
Target 3: $1.84
Target 4: $2.2
Max Leverage 3x
Always keep Stop loss
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OP GOING TO CREATE NEW ALL TIME HIGH? or A DUMP?OP/USDT currently moving in a symmetrical triangle which is continuation pattern , most probably it will give a bullish breakout but still their are chances that it will give a breakdown and dump upto our next suuport which is at around 22% below from our lower trendline but if it gives a breakout than technically we can see a jump upto 26% which will make a new all time high.