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Key Metrics Reveal Sharp Growth
The post Key Metrics Reveal Sharp Growth appeared on BitcoinEthereumNews.com. Optimism (OP) is a Layer-2 Ethereum scaling protocol. It aims to increase Ethereum’s transaction throughput while decreasing costs via Optimistic Rollups. Its native token (OP) witnessed an intense rise of over 5.29% intraday and is highlighting the bull accumulation. The OP token has retested the 20-day EMA mark and is looking for a rally ahead. Followed by the strong first quarter Q1 (2024) numbers, the Optimism Network (OP) token has set its path to skyrocket the gains in the next sessions. Likewise, the majority of key metrics reflected the Quarter-on-Quarter (QoQ) growth, which might lead the OP token toward a higher trajectory soon. At press time, the Optimism token (OP) price traded at $2.583 with an intraday spike of 5.10%, reflecting fresh buying momentum on the charts. It has a monthly return ratio of 19.20% and 48.38% yearly, revealing the short-term bullish trend. The pair of OP/BTC is at 0.0000385 BTC, and the market cap is $554.51 Million. Analysts are neutral and suggest that the Optimism price may spread the up move and will skyrocket gains in the upcoming sessions. Analyst Expects a Breakout Ahead: What Does the Price Action Indicate? Per the Santiment data, the Optimism token has crossed the 20-day EMA mark above $2.40 and picked momentum. Since the beginning of this month, positive inflows have been noted. The token displayed a higher high sequence and was eyeing to reach the $3 mark. The Relative Strength Index also represented a positive crossover in the last session. Source: Santiment In a recent tweet by @WorldofCharts, he expected a big move on the OP token. He says that the OP token has rebounded from the lower trendline support mark of $2 and made a bullish pennant formation. A break and close above the $2.80 mark might register a breakout, and…
The post Key Metrics Reveal Sharp Growth appeared on BitcoinEthereumNews.com.
Optimism (OP) is a Layer-2 Ethereum scaling protocol. It aims to increase Ethereum’s transaction throughput while decreasing costs via Optimistic Rollups. Its native token (OP) witnessed an intense rise of over 5.29% intraday and is highlighting the bull accumulation. The OP token has retested the 20-day EMA mark and is looking for a rally ahead. Followed by the strong first quarter Q1 (2024) numbers, the Optimism Network (OP) token has set its path to skyrocket the gains in the next sessions. Likewise, the majority of key metrics reflected the Quarter-on-Quarter (QoQ) growth, which might lead the OP token toward a higher trajectory soon. At press time, the Optimism token (OP) price traded at $2.583 with an intraday spike of 5.10%, reflecting fresh buying momentum on the charts. It has a monthly return ratio of 19.20% and 48.38% yearly, revealing the short-term bullish trend. The pair of OP/BTC is at 0.0000385 BTC, and the market cap is $554.51 Million. Analysts are neutral and suggest that the Optimism price may spread the up move and will skyrocket gains in the upcoming sessions. Analyst Expects a Breakout Ahead: What Does the Price Action Indicate? Per the Santiment data, the Optimism token has crossed the 20-day EMA mark above $2.40 and picked momentum. Since the beginning of this month, positive inflows have been noted. The token displayed a higher high sequence and was eyeing to reach the $3 mark. The Relative Strength Index also represented a positive crossover in the last session. Source: Santiment In a recent tweet by @WorldofCharts, he expected a big move on the OP token. He says that the OP token has rebounded from the lower trendline support mark of $2 and made a bullish pennant formation. A break and close above the $2.80 mark might register a breakout, and…
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