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OP / TetherUS

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OPUSDT trade ideas

OP/USDT Gained 300% in past 3 month what Next..?Analysis of the OP/USDT Technical Chart: The current trading price of OP is $2.425, representing a 27% decrease from its recent high in February. However, the chart shows that OP has generated high returns for investors in the past 3 months, with a 300% increase. Currently, OP is holding strong support at the neck line level, and it is expected to continue to do so. However, if it breaks down, there is a significant down leg waiting for the breakdown, and a 50% decrease is expected. In the event of a breakdown, the first target is expected to be $1.642, with a second target of $1.16. Two major support points to watch are $1.642 and $1.435, with the possibility of a great entry point at a retracement of 0.5 and 0.618 at these levels. The current resistance level for OP is $3.16. If you find this analysis and content helpful, please show your appreciation by liking it. Thank you. Follow For More Crypto Analysis
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by CryptoPatel
4
Roll Up Rollup - Layer 2sSo the theme for the last bit of alt season was probably layer 1s such as AVAX and SOL If dollar topping and risk bottoming here most things will do well But i think one theme for the likely coming alt season would be layer 2s (scaling solutions) The layers refer to the subsets of the future blockchain internet (web 3) Vitalik has been bigging up L2s since the merge If eth wins the web 3 race (not much competition) it needs to scale; and sharding is a long way off As such as i see it we have an ascending hierarchy of scaling: Side chains (matic) Optimistic rollups (optimism) Zk Snarks (Loopring, mina) Zk starks (Immutable X) Skale is a hybrid 1/2 as far as i am aware and matic/polygon is moving into starks and snarks I think everything i mentioned here does fine But until starkware has a token immutable x and possibly matic have some usp on starks i think GRI 2022
by Great_Reset_Investing