- OP traded 3.16% greater during the last 24 hours as per information from CoinMarketCap.
- Nonetheless, OP’s metrics didn’t precisely appear to favor a bullish sentiment.
The official account of the Optimism [OP] community had some nice information to share with the neighborhood. As of 16 June, Optimism’s official Twitter account posted a thread about an eventful week for the community.
The replace acknowledged that the artistic platform manifold.xyz debuted on the Optimism platform. The Twitter account referred to as this a great growth for NFT creators.
sup nerds!
One other eventful week for the Optimism Collective has handed.
Some thrilling developments occurred this week. Let’s get you caught in control with this recap.
— Optimism (✨🔴_🔴✨) (@optimismFND) June 16, 2023
How a lot are 1,10,100 OPs value at present?
Moreover, the replace additionally talked about the crypto infrastructure for account abstraction pockets, pimlico.eth launched its bundlers and paymasters on the OP mainnet.
This wasn’t all because the thread posted different vital updates in regards to the ecosystem as nicely. However the place does the community’s native token OP stand after this productive week?
Not so ‘optimistic’ in spite of everything?
Regardless of per week full of vital exercise, the OP token didn’t precisely mirror the constructive sentiment. Knowledge from the intelligence platform Santiment stood in a impartial zone with no vital bullish or bearish strikes.
OP’s community progress went flat and stood at 0 after 8 June. This wasn’t a great signal for the community because it prompt a scarcity of curiosity from new addresses.
Moreover, the community’s growth exercise additionally witnessed a decline over the previous few days and stood at 20.55 on the time of writing.
This was a sign that builders weren’t contributing a lot towards the event of the community. The weighted sentiment in direction of the OP token additionally witnessed a decline, which confirmed that the market had a destructive outlook in direction of the token.
Supply: Santiment
This appears to be like promising…
OP’s worth motion on the day by day timeframe stood in a opposite place to its metrics. This was as a result of, on the time of writing, OP was buying and selling within the inexperienced. Moreover, what seemed much more promising was its Superior Oscillator (AO). At press time, OP’s AO, though under the zero line, flashed inexperienced bars.
Moreover, OP’s Relative Energy Index (RSI) stood at 32.95 and was seen shifting away from the oversold zone. The RSI is predicted to surge as a pattern reversal is imminent as soon as the RSI touches the overbought zone.
Learn Optimism’s [OP] Value Prediction 2023-2024
Moreover, a have a look at the Transferring Common Convergence Divergence (MACD) additionally confirmed the MACD line (blue) shifting towards the sign line (purple), trying to make a bullish crossover. This may very well be taken as a constructive signal for the OP token.
Supply: TradingView
Nonetheless, merchants in search of some motion round OP should have to train warning. This was as a result of though OP’s 24-hour worth motion stood 3.16% greater, its seven-day worth motion was 16.53% decrease as per information from CoinMarketCap.
