Optimism (OP) has been gaining momentum in the market, showing promising signs of recovery as it continues to trade within an ascending triangle formation. On-chain data reveals whale accumulation and an increasing open interest, suggesting that a potential breakout is imminent.

Optimism attempts to break out of its ascending triangle formation as whales accumulate in anticipation of a price recovery.

Bitcoin (BTC) has started the week in the red, with the price down over 1% and trading considerably below the $97,000 level at $96,400. The flagship currency dipped to a low of $96,144 before recovering to its current level.

Optimism (OP) is encountering growing signs of weakness, as a bearish technical pattern could signal a significant downturn. While the token is currently trading at $1.16, showing a 3.54% increase in the past 24 hours, there are concerning indicators suggesting that OP might be heading toward a sharp drop, with the $0.30 range potentially acting as the next major support level.

OP faces a bearish breakdown! Could the head-and-shoulders pattern push prices below $0.30?

Bitcoin (BTC) rebounded after dropping to a low of $95,346 late on Thursday to reclaim $97,000. However, price action remains sluggish, and market sentiment is mixed.

Optimism (OP), the popular Ethereum Layer-2 scaling solution, has recently raised concerns among investors as a series of technical and on-chain signals point toward potential downside risks. While the cryptocurrency's price recently saw a modest gain, there are mounting signs that a price correction may be on the way.

Optimism (OP) displays significant bearishness after losing 25% and nearly 50% in the past week and month. Furthermore, the charts show OP has formed a head-and-shoulder formation, hinting at impending downward continuation. OP forms a head-and-shoulders pattern Optimism's price performance demonstrates bear dominance, and the emerging head-and-shoulders formation affirms this narrative.

OP's technical and on-chain data point to significant downside risks, indicating a price correction.

Bitcoin (BTC) declined marginally to fall from $99,000 to its current level of $98,100. The flagship cryptocurrency is down over 2% in the past 24 hours as it struggles to build momentum.

Analysts warn of a potential bearish reversal on Optimism's OP price chart, though recovery scenarios remain.

Bitcoin (BTC) bounced following comments from Federal Reserve Chair Jerome Powell at the FOMC meeting, signaling that banks could serve crypto customers if they comply with risk disclosure requirements. As a result, the crypto market registered notable gains, with BTC up nearly 3% as it crossed the $105,000 mark.

Optimism is one of the altcoins to witness a sharp decline amid a broader dip in the cryptocurrency market. OP price fell more than 16% to test lowest levels since dipping to $1.17 in August.

Optimism (OP), a popular layer-2 blockchain solution for Ethereum, has been on a steady decline. After trading near $2.70 just a month ago, the cryptocurrency has shed significant value, with its current price hovering around $1.67.

UAE-based CLS Global admits to wash trading, inflating crypto volumes on Uniswap; faces $428K penalty and US market ban.

OP has declined over the past month as bearish sentiments persist.

By leveraging the Optimism Superchain, Soneium aims to provide an accessible, reliable, and open system that caters to user needs while contributing to the broader blockchain ecosystem.

Na een vrij treurige periode waarbij Bitcoin zelfs even onder de $90.000 handelde, zijn verschillende bekende crypto's weer omhoog aan het klimmen. Hoe staat het ervoor en welke crypto kunnen we vandaag het beste kopen?

Solana (SOL) is deze ochtend weer aan het klimmen, ondanks een sterke toename in bearish druk. De koers is in een week tijd met 20% gedaald, maar is vandaag weer 3,4% omhoog geschoten naar $186,70.

De Dogecoin koers handelt rond de $0,32 en lijkt zich te stabiliseren, terwijl de markt in afwachting is van de inauguratie van Trump op 20 januari. Met de geruchtenmolen op volle toeren en een toename in openstaande posities groeit de kans op een koersbeweging.

In de afgelopen weken heeft Solana kracht laten zien waarbij het boven een aantal belangrijke support niveaus wist te blijven. In de afgelopen 24 uur is echter een lichte daling ingezet, maar technische indicatoren wijzen op een mogelijk opwaarts momentum.

PENGU's surge highlights the volatile nature of crypto markets and the potential impact of speculative partnerships on asset valuations. The post Pudgy Penguins' PENGU token soars 26%, flips OP in market cap appeared first on Crypto Briefing.

Optimism (OP) is showing promising signs of a significant price surge, driven by increased accumulation from large investors and favorable technical indicators. With the market aligning for upward momentum, OP could potentially reach $2.60 in the near future.

OP may witness a price surge as the market appears to align for upward momentum.

TL;DR The crypto market is set for significant token unlocks next week, including SUI, Optimism, Ethena, and more, with a total value exceeding $832 million. SUI will lead the releases with 64.19 million tokens valued at $263.20 million, followed by Optimism with 31.34 million tokens worth $58.30 million, among other notable projects.

The latest round of token unlocks, scheduled for the week between December 30 and January 5, is valued at more than $832 million. Sui (SUI) leads the cliff unlocks with a release worth $263.20 million, while Worldcoin (WLD) continues to lead linear unlocks at $80.41 million.

Optimism is a popular Layer 2 scaling solution for Ethereum.

Binance support for Optimism network upgrade aims to improve performance and user experience. On Jan. 10, 2025, at 2:00 (UTC+8), Binance announced its support for the Optimism (OP) network upgrade and hard fork.

Optimism (OP) has been steadily making its mark as a leading Layer-2 scaling solution for Ethereum. Ethereum, known for its decentralized applications and smart contracts, has faced significant challenges with scalability and high transaction fees.

Story Highlights The live price of Optimism is . Optimism price could go as high as $3.82 in 2025. With a potential surge, the OP price could reach a maximum of $14.26 by 2030. The transactional speed in the world of blockchain and finance is a critical indicator of success.

Inside the community of crypto farmers of airdrop, there is currently little attention regarding the 6th round of Optimism.

Bitcoin (BTC) reached an all-time high for the second consecutive day, going past $108,000 and reaching a peak of $108,286. However, the cryptocurrency declined dramatically after reaching this level and is currently trading below $104,000, down almost 3% over the past 24 hours.

Crypto giant Grayscale has launched two new trusts that offer investors exposure to liquid staking service Lido DAO (LDO) and scaling solution Optimism (OP). The new trusts add to the crypto firm's more than 25 existing digital asset products.

These trusts aim to provide investors with direct exposure to the respective tokens, reflecting the firm's confidence in their role

The day has been relatively rough for the broader crypto market, as the total market cap of the business declined by 1.47% to $3.6 trillion over the past day. Amidst the slump, the trading volume too went reddish by 10.71%, taking the numbers to $194.73 billion.

Grayscale Investments has launched two new investment trusts offering exposure to Lido DAO and Optimism governance tokens.

Grayscale announced today that it's offering two new investment vehicles – a Trust based on Lido DAO (LDO) and one on Optimism (OP). Both these trusts are currently available.

Grayscale Investments has introduced new trust products for Optimism and Lido DAO.

With Uniswap, World, Kraken, and Sony's Blockchain Labs all adopting Optimism technology, Optimism was a clear winner in the Ethereum scaling race this year.

Digital asset exchange Coinbase is pushing back against accusations that it isn't supporting Ethereum's (ETH) scaling roadmap. The top US crypto exchange came under fire online after it announced last week that it wouldn't support Celo's (CELO) upcoming migration from a standalone layer-1 chain to an Ethereum layer-2.

Tomorrow, Immutable X (IMX) will unlock about 24.52 million IMX tokens, which constitutes approximately 1.47% of the circulating supply and is valued at around $41.68 million. This token unlock is part of a planned tokenomics strategy designed to foster the growth of the Immutable ecosystem.

Whales consistently play a significant role in shaping crypto market prices, making it worthwhile to track their buying activity for potential gains.

Layer 1 blockchain Celo (CELO) will migrate to layer 2 on 16 January 2025. The move, which has been ongoing for over a year, signals the increasing interest in L2 solutions to fight efficiency and scalability issues. Meanwhile, Coinbase's latest announcement to clients ahead of the transition has triggered conversations within the cryptocurrency community.

Celo's planned migration to Layer 2, known for over a year, has raised questions about Coinbase's late announcement to customers.

Crypto exchange Coinbase has announced that it will delist and stop supporting Celo layer-1 blockchain token CGLD by January 13, 2025. This move is in response to Celo's planned migration into a layer-2 network.

Celo, a prominent Layer-1 blockchain, has seen its native token dump 5% after its upcoming transition to an Ethereum Layer-2 network within Optimism's Superchain ecosystem turned “contentious.” On Nov. 27, Coinbase, the largest US-based crypto exchange, announced that it would not support Celo's migration into a Layer 2 network.

cLabs CEO Marek Olszewski said Coinbase's decision “feels like a wrench in Ethereum's Layer 2-centric scaling roadmap.”

Optimism (OP) breaks $1.90 resistance after 150 days.