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Optimism Token Reaches New All-Time HighThe cryptocurrency token Optimism has reached a new all-time high; let’s see what happens next! What is Optimism? Optimism (OP) is a cryptocurrency built on the Ethereum blockchain. It is a new type of token used to pay for transactions on the Optimism layer 2 scaling solution for Ethereum. The Optimism protocol allows for faster and cheaper transactions by moving most of the computation off-chain while still maintaining the security and decentralization of the Ethereum mainchain. Optimism Reaches All-Time High OP recently reached its all-time high, causing excitement among investors and traders. The success of OP can be attributed to the growing interest in decentralized finance (DeFi) and the increasing use of the Ethereum blockchain. As more and more projects are built on the Ethereum blockchain, the demand for efficient and cost-effective scaling solutions like Optimism will only continue to grow. Since Optimism has never reached this price before, it is impossible to say exactly where the price will go. According to the Fibonacci retracement, the next target for OP could stand around $3. According to a Fibonacci retracement, the last target of this rally stands around $3.60. We have seen rallies in the past that went above even the wildest predictions of the Fibonacci, however, these runs normally occur during a strong market bull run. If, on the other hand, OP starts falling, there are a few different support levels that the token can count on. The first support level stands around $2.00, which is the previous all-time high. Another support level stands between $0.70-$0.80, which is around the coin’s lowest point.
by cryptohopper
Optimism (OP)Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum. The trading volume of Optimism (OP) is $576,616,329 in the last 24 hours, representing a 16.76% increase from one day ago and signaling a recent rise in market activity. The highest price paid for Optimism (OP) is $2.50, which was recorded on Jan 25, 2023 (19 hours). Comparatively, the current price is -12.6% lower than the all-time high price. The lowest price paid for Optimism (OP) is $0.402159, which was recorded on Jun 18, 2022 (7 months). Comparatively, the current price is 442.7% higher than the all-time low price.
by MADRAB
The newly formed Optimism ecosystemHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- ------------------------------------------ (OPUSDT 1W Chart) Not long after the chart was created, not much is known. It can be seen that a volume profile section is formed over the 0.919-1.129 section in the short, medium and long term. (1D chart) The current declared price (ATH) has been updated. Buying under these circumstances is unthinkable. Therefore, it is better to wait and see if the price moves down from this rise and converges in some area. It is necessary to check whether it is supported in the 1.917.-2.024 section formed by the HA-High indicator point, or in the 1.583-1.660 section. We need to make sure that the newly formed Optimism ecosystem can continue to expand. Therefore, it is necessary to increase the number of coins (tokens) corresponding to profits while recovering the principal amount of the newly formed coins in the coin ecosystem as much as possible. Otherwise, it is highly likely that you will suffer greatly if you proceed with the transaction by leaving the principal amount as it is. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** If you share this chart, you can use the indicators normally. ** The MRHAB-T indicator includes indicators that indicate points of support and resistance. ** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at (). ** HA SRRC indicators are displayed as StochRSI (line), RSI (columns), and CCI (bgcolor). ** The CCI indicator is displayed in the overbought section (CCI > +100) and oversold section (CCI < -100). (Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.) ---------------------------------
by readCrypto