Optimism (OP) coin, or
OP Coin, has recently been struggling below $0.70 as sellers continuously keep control. Large crypto exchanges like Coinbase, Kraken and Gate are tapping the OP Stack for their new Layer 2. Despite this, OP coin’s future price outlook is seen as optimistic with some predicting it may reach $4.40 after a falling wedge breakout. However, current declines to 2022 lows indicate bearish pressure. As a token, OP Coin is used in optimism-based protocols aiming to solve Ethereum's scalability issues. The OP coin’s struggle, which was reportedly below $0.68, shows flat open interest. Suspension of the OP coin's drops below a 20-month low indicates the coin is yet to break free completely. OP coin is suggested to hold a rounded bottom breakout, with its price also projected to target $1.50 as bullish momentum builds. There are brooding reports of OP Coin making a major rally supported by open interest surge and analyst forecasts. However, continued resistance at $0.688 after sharp decline indicates the bulls are struggling. Speculation around OP coin's Superchain Mainnet blast off has also been reported. Crypto whales, or investors with substantial holdings, have significantly purchased TON, SHIB, and OP coins this week.
Optimism reports a 12% pump with volume blasting 643%, indicating the OP Coin might be building momentum. Essentially, OP Coin shows potential for growth with huge gains possible.\n
OP Coin News Analytics from Tue, 31 May 2022 17:17:22 GMT to Wed, 01 Oct 2025 02:05:38 GMT -
Rating 2
- Innovation -8
- Information 3
- Rumor -7
