Optimism – Is 0.75 dollars on the horizon for OP after a rise of 17 %? star-news.press/wp

Main meals

• Optimism increased by 17 % in 24 hours, which led to the outbreak. This came when the time of the processed currency contract increased, indicating anticipation to achieve the gains.

At the time of writing this report, optimism (OP) has gained more than 17 % in the past 24 hours, and has come out of the unification of the wedge.

The distinctive code has violated the $ 0.60 resistance, reaching its highest levels since mid -June.

This penetration indicates a possible continuation of the upward trend, with the following resistance at $ 0.75.

Reading the flow of money (CMF) +0.16 confirmed the strong purchase pressure, which supports the bullish momentum.

Source: TradingView

However, if the level reference is lost at $ 0.60 and decreased under support, the price can decrease about $ 0.55. This level will determine whether or not the direction can be maintained.

Instead, upward signals will escalate if the price broke out and successfully remained from $ 0.75.

The volume of flow and transactions rise, but …

Despite the acquisition of the momentum, the volume of transactions reached $ 1.56 billion during the past week.

However, according to Intotheblock DataOnly 4 % of their holders were in profit, with 94 % in the loss and the rest even, as of writing.

This indicates that a large part of the holders sit on unrealized losses or are inserted at low levels of price, indicating a long -term conviction.

Source: IntTHEBLOCK

Modern data shows transaction activity – especially on Binance and Coinbase – by 84 % within a week. Despite this mutation, the price procedure remained slow, as it faced resistance at the main levels.

While large trading increased, most of the profit holders have not yet seen, noting that the invested caution or the lack of continuous upward momentum.

Prices have not stabilized, and many of their holders may still be waiting for market pressure or gains.

What does the high time for coins mean?

Moreover, the time to keep the treated coins increased by 20 %, and 70 % during weekly and monthly periods, respectively.

This means that merchants were carrying their coins due to the high price returns.

Source: IntTHEBLOCK

At the same time, R.The adoption rate of optimism increased to 26 %, up from a 13 % decrease, helping to support currency and long -term behavior.

The user’s participation has been significantly, especially in the eastern and western regions, with more than 40,000 registered transactions.

With the standardization of prices in recent months, the high adoption and the increased reservation indicates that traders are determining a potential upward step.

However, as with all financial markets, this result remains unconfirmed.