Optimism price is failing to recover to new highs. Meanwhile the asset price has observed a pump of 4% in the intraday session
Technical indicators of OP are favoring the bulls. OP/BTC pair has seen a fall of 3% in the past 24 hours.
Optimism is a layer 2 blockchain built on Ethereum.It is one of the scaling platform for Ethereum which has TVL of more than $400 million. OP is home for more than 35 protocols including SNX, UNI and various others.Optimism conducted a highly anticipated airdrop of its OP token.The airdrop was so popular that it has briefly slowed down their blockchain.The asset has a market dominance of 0.03% and is ranked 112th in the crypto verse.
The current market cap of the asset is $273,754,892 and has a total supply of 4,294,967,296. The volume of the coin has seen a decline of 8% in the intraday session. Meanwhile the volume to market cap ratio of the asset price suggests an consolidated move.
Technical Indicators Are Favoring The Bears
The weekly technical...
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