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OPUSDT

Will the Optimism update help OPUSDT price accelerate?Last week, there was a very important update for Layer2 of the Optimism Bedrock network. Key points of the optimization: Commission reduction by more than 50%+. Time for depositing funds has been reduced from 10 to ~3 minutes due to the "fee market" model, which helps to prevent DoS attacks. Improved Node/ performance, reducing node synchronization time by 50 times. Reduced fees make Optimism Mainnet the cheapest Ethereum L2 for token exchange. The Optimism team is actively working on the project's development, building a very strong ecosystem, and seems to believe in the prospects of their brainchild. But so far, all these updates have not had much of an impact on the OPUSDT price. Looking at the chart, we can assume that the growth of the Optimism token price to a strong liquidity zone of $1.47-1.50 in the coming days is a very positive scenario. Let's see, if the crypto market participants are interested in Optimism, to push the Op price up in the future, and the number of likes and comments under this idea will be a good "litmus test". _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
by P_S_trade
24
Optimisim possible Scenarios What's Next?!! 👀 OP today analysis💎OPUSDT is currently trading at a critical stage, with two possibilities observed. The price is consolidating after making a lower low below the triangle pattern, indicating some bearish sentiments. 💎This is further supported by the price maintaining its momentum below the Ichimoku clouds and the RSI also showing the same downward movement. 💎On the bullish side, if it breaks above this triangle pattern and the RSI signals an upward move, we could see a positive shift. 💎 In the ever-changing crypto universe, staying updated and adaptable is essential. Stay tuned for more updates and enjoy your trading journey!
by MyCryptoParadise_Simon
1
A possible upward moveHello traders🖐🏿 OP has touched the bottom of all time channel recently with a proper reaction to that level, likewise we can see a major hidden divergence in RSI in daily TF. From here we expect that price first grow till 2.6$, and then directly go to the 3.7 as a top of the channel. In addition to all of these, we have some catalyst events in incoming days, such as mainnet upgrade, velodrome, base launch and etc. I suggest that keep your eyes on OP chart. Its not a financial advice, its just my idea. Good luck 👊🏿
Long
by HrSs7
1
OPTIMISM OPUSDT Price analysis (Daily)Greetings, esteemed traders of the TradingView community! Today, we bring to your attention the price of OPUSDT. Since reaching its all-time high (ATH) back in February 2023, the price has experienced a significant decline of approximately 50%. However, recent price action has caught my attention as OPUSDT has started to break out from a red trendline, which has been forming since the bottoms observed in 2022. This breakout holds potential for a continuation in the price's downward trajectory. Furthermore, a triangle formation that developed between February and April of 2023. The triangle pattern was broken to the downside, and the target of this pattern aligns closely with a previous resistance zone around the range of 1.3-1.4 USD. Considering the oversold conditions indicated by both the MACD and RSI indicators, it becomes quite likely that we may witness a rebound in this aforementioned price zone. This presents an intriguing opportunity for traders to explore. Thank you for your attention and support. Feel free to explore our other articles, follow our page for more updates, and kindly share your valuable feedback on this idea. Happy trading!
by Vestinda
3
1Inch/USDT Bearish Chart Analysis #1Inch/USDT Technical Analysis Update Current Price: $0.378 The #1Inch/USDT pair has recently broken below the strong support level at $0.44, indicating a bearish trend. With the price currently below $0.44, we can anticipate further downside potential of around 20-30% from the current levels. Key Levels to Watch: Strong Support: $0.27 Resistance: $0.44/$0.53 It is crucial to monitor the $0.44 resistance level closely. If the price remains below this level, we can expect a further decline towards the $0.270 support level. Stay tuned for more updates!
Short
by CryptoPatel
2
OPUSDT.1DHello dear friends, *Mars Signals Team wishes you high profits* This is a daily time frame analysis for OPUSDT.1D We are in the daily time frame. As you can see, the price is moving towards our support line and we expect it to support the price and move towards our first resistance line. But if it cannot stabilize above the line and penetrates below the support line, we expect a fall to the second support line. Warning: This is just a suggestion and we do not guarantee profits. We advise you to analyze the chart before opening any positions. Take care
by MarsSignals
1