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OP token price has broken the lower trendline support and is depicting selling pressure.
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The technical indicators are suggesting a decline toward the $3 mark.
The Optimism token (OP) price is undergoing follow-on selling pressure and has slipped to the 100-Day EMA mark. Moreover, the token broke under a rising wedge pattern, losing momentum over the past few sessions. The price action signifies a rejection near the $5 mark and sellers have arrived and aggressively pushed OP price this week.
At press time, the Optimism crypto (OP) price was trading at $3.59 with an intraday drop of 5.15%, indicating selling pressure on the charts. It has a monthly return ratio of -6.74% and 32.80% yearly. The pair of OP/BTC is at 0.0000536 BTC, and the market cap is $773.74 Million. Analysts are neutral and suggest the OP crypto price will face further selloff and may retest the 200-Day EMA support zone soon.
Optimism In Sellers Control, Can Bears Push OP
We współpracy z: https://www.thecoinrepublic.com/2024/03/17/op-price-prediction-bulls-in-trouble-can-op-drags-to-3-mark/
