This week, significant increases in wallets for OP and DOGE indicate a positive shift in sentiment, with OP’s holders rising to 4,313, and DOGE’s reaching 747.

Additionally, Worldcoin witnessed growth in wallets holding between 10,000 and 1,000,000 WLD, climbing to 1,138, suggesting renewed whale interest despite challenging market conditions.

Optimism is demonstrating a bullish pattern, currently trading at 1.13 USD, with a breakout above 1.18 USD potentially leading to a 24% price surge. Whale accumulation and rising open interest suggest growing investor confidence.

With the key resistance identified at 1.19 USD and increased trading activity, OP could experience a significant bullish trend if it maintains trade above this level. Traders are advised to monitor the movement closely.

The head-and-shoulders pattern indicates a bearish outlook for Optimism [OP]. Current price trades at roughly 1.16 USD, with analysts cautioning against potential drops below 0.30 USD.

The breakdown of the critical support level at 1.40 USD raises alarms, directing attention to new support levels of 0.70 USD, 0.50 USD, 0.38 USD, and the significant threshold at 0.30 USD.

Market data indicates reduced user engagement, with active addresses down by 19.56%. Coupled with diminishing large trades, the overall sentiment is under pressure, prompting traders to closely monitor OP’s price action.

Optimism (OP) has formed a bearish head-and-shoulders pattern, indicating a price correction may be on the horizon. The coin is currently trading at 1.12 USD, backed by a recent increase of 5.34%. However, maintaining key support levels is essential as the market sentiment leans negative.

On-chain data shows a 0.87% decrease in network growth, reflecting reduced user activity. Moreover, 90.74% of OP addresses are ‘Out of the Money,’ which raises concerns of increased selling pressure if prices drop. Currently, the MVRV Long/Short Difference stands at -8.75%, indicating a bearish outlook.

OP trading volume is $119.36m. Market capitalization reaches $1.47b.

OP trading volume is $224.52m. Market capitalization reaches $1.56b.

OP trading volume is $81.27m. Market capitalization reaches $1.47b.

In the last 24 hours, Optimism has witnessed a decline of 8.67%, trading at 1.67 USD, down from 2.7 USD a month ago. The market sentiment is divided, raising questions about a potential rebound versus further decline.

Technical indicators reveal a strong bearish trend, with notable sell signals from Stoch RSI and RVGI. Additionally, a significant drop in active addresses suggests reduced network engagement, while Total Netflows indicate increasing selling pressure as traders transfer assets to exchanges.

In just 24 hours, large investors purchased 277.17 million OP, valued at about 501.62 million USD. This significant accumulation trend highlights strong market interest and suggests a potential price surge for Optimism (OP) in the near future.

OP has a positive outlook, with a potential target price of 2.60 USD signaled by the golden cross pattern. After a month-long decline, OP gained 7.92% last week. Additionally, rising average transaction sizes indicate bullish momentum continuing to strengthen.

OP trading volume is $103.3m. Market capitalization reaches $2.47b.

Price predictions for Optimism (OP): In 2024, the price of Optimism (OP) is expected to range from 3,010 USD to 4,765 USD, with a potential low of 1,160 USD, while its current trading price is 2.60 USD down by 1.83%.

Technological foundation of Optimism (OP): Optimism operates as a Layer-2 blockchain solution using optimistic rollups. This technology improves transaction speeds and minimizes gas fees, which benefits Ethereum users significantly in various applications.

Long-term price expectations for Optimism (OP): Looking ahead, OP could reach 7 USD by 2025 and progressively increase to 17 USD by 2030. This indicates a sustained bullish outlook amidst the evolving Optimism ecosystem.

OP trading volume is $142.2m. Market capitalization reaches $3.28b.

Grayscale launches Lido DAO and Optimism Trusts: On December 12, 2024, Grayscale Investments unveiled the Lido DAO (LDO) Trust and Optimism (OP) Trust, expanding investment opportunities in Ethereum. This strategic move is aimed at providing direct exposure to the governance tokens of each protocol.

Trusts benefit Ethereum ecosystem: The Lido and Optimism Trusts focus on improving Ethereum’s staking and scaling capabilities. Rayhaneh Sharif-Askary noted the importance of these projects in maintaining Ethereum’s competitive edge against faster Layer 1 blockchains.

Strong performance of Grayscale products: Grayscale’s recent private placement products have achieved returns of 428%, 321%, and 92%. These figures significantly surpass the crypto market’s average return of 60% in 2024, showcasing Grayscale’s impressive investment strategies.

Optimism (OP) shows strong bullish signals: Recent analysis shows that Optimism (OP) ROSE to 2.45 USD with increased trading volume. As long as OP stays above key support levels of 1.80 USD to 2.00 USD, it could rise to between 4.00 USD and 4.60 USD.

MANTRA (OM) displays bullish potential: MANTRA (OM) trades at 4.1571 USD, above its EMA of 4.1479 USD, indicating a bullish trend. Analysts predict a target of 6 USD, with the possibility of reaching 9 USD if the momentum persists.

The OP Stack, praised by Jing Wang, is becoming integral to many blockchain projects. It’s recognized for significantly enhancing scalability and efficiency in blockchain operations. Optimism leverages this technology to push forward advancements, making it a core component of future blockchain projects.

Arbitrum optimizes the Ethereum system: Arbitrum, priced at 0.9178 USD with a market cap of 3.78 billion USD, offers a Layer 2 solution for Ethereum. This solution reduces network load by processing transactions quickly and at low costs. Arbitrum is enhancing DeFi market usability and showing sustainable development potential in the future.

Optimism focuses on simplicity: Optimism, priced at 2.34 USD with a market cap of 2.94 billion USD, uses optimistic rollups technology to provide a user-friendly system for Ethereum, increasing scalability while ensuring security and safety. It stands out by attracting a significant locked value, over 500 million USD, supporting major protocols.

Internet Computer innovates decentralized platform: Priced at 11.71 USD with a market cap of 5.65 billion USD, Internet Computer promotes decentralized solutions with technological encryption innovations. It supports computing cycles and allows users to participate in decentralized governance and investment, expanding application in a secure and highly private environment.

Uniswap and The Graph strengthen DeFi: Uniswap, priced at 11.63 USD with a market cap of 6.98 billion USD, innovates trading with an automated market maker model, while The Graph (priced 0.2487 USD with a market cap of 2.37 billion USD) enhances blockchain data access. Both strongly support Defi, enabling developers and users to engage in key system decisions.

OP trading volume is $235.16m. Market capitalization reaches $2.72b.

OPLabsPBC has announced plans for crucial upgrades to the Optimism mainnet after security audits found vulnerabilities.

The proposed upgrades include smart contract improvements and a Layer-2 hard fork to boost security and stability.

Optimism developers revealed a roadmap plan to introduce native interoperability across Layer 2 chains in the ecosystem — such as OP Mainnet, Zora, Base and others.

The objective of the interoperability solution is to make the Superchain operate like a single blockchain — allowing users, assets, and developers to move seamlessly across networks.

OP Labs has released fault proofs on the Layer 2 blockchain OP Mainnet — advancing the project to a stage 1 rollup in terms of decentralization.

The fault proof system allows for ether and ERC-20 token withdrawals from OP Mainnet without the need for trusted third parties — enabling users to challenge and remove invalid withdrawals.