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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.
