Optimistic buyers, look for the pressure pressure because … star-news.press/wp

• Optimism saw a steady rise in the daily active headlines
• The pressure pressure was not slowed behind, with OBS showing

Optimism (OP) increased 28 % in the recently active deals. This number has continued to rise since then. In fact, last week, additional 9.9 % increase In the active addresses seen, according to the data from Intothheblock.

The height of the activity on June 27 was contributing here.

source: INTOTHEBLOCK

The focus index emphasized the distribution of the OP supplies. Nearly 60 % resided within the whale governor, and another 23.8 % with investors. Here, investors are classified as addresses containing 0.1 % -1 % of the width, while whales carry 1 % or more.

The low share of retail holders indicated that optimism may not be very uncomfortable, which raises some fears related to adoption on a large scale. There is also a threat to the presence of whales with greater power to move prices.

source: INTOTHEBLOCK

The supply distribution showed that the addresses carrying 1 million to 10 meters OP accumulate throughout the month. From 836.96M OP on June 01, they accumulated approximately 50 meters more than OP. Meanwhile, the OP group sold 10 meters to 100 meters 43 meters from their holdings.

The data on the series showed that although the activity on the series was high, the accumulation of whales was not very visible. Thus, optimism may be struggled to recover from his stagnation since January.

The downward pressure on OP did not fade

Source: OP/USDT on TradingView

OBV has been drowned since March, highlighting how the sales volume was greater than the purchase in green days. The swinging market structure was landline, as the distinctive symbol was slipped under its two -month range in mid -June.

The SuperPrend index continued a sale signal, and the moving averages unveiled the landfill. However, there can be some hope of declining bullish traders timeline.

Over the past two days, a break from the upscale market (white) market has been seen. The lowest time demand area was present at $ 0.56, which may result in an opportunity to buy for merchants in the coming days.

However, the prevailing trend was declining, and merchants should put narrow losses if they plan to go for a long time.

Responsibility: The information provided does not constitute financial, investment, trading or other types of advice, which is just the opinion of the writer