Optimism OP Rebounds? Watch It Plummet to $1.58 if Not!
- Optimism’s optimism tank just leaked a 8.67% drop in a day!
- But analysts suggest silent rebound to $3.50 if OP sleepwalks through a $1.58 floor.
Whence hit $2.7, our dearest OP took a tumble, now down to $1.67 in trading, a 8.67% dip on daily charts and 4.29% on the weekly scale; monthly charts tremble at 5.28% plummet!
Only watch the down trend snake or a rebounce on cards? Opinions split; tongues wag, could it be a flash flood rather than a drought for OP?
What OP’s charts cry out
Those bearish StochRSI and RVGI crossovers are quite the red flags waving, with sellers firmly in the saddle. This lull in RSI upswing signals downward surges and RVGI bearish crossover implies a pound of flesh downtrend.
The Adjusted Price DAA Divergence too got the bum’s rush down to negative, bemoaning lack of activity amid a cold freezin’.
With netflows flaunting positive numbers, OP’s bout of being flushed might stretch further, as traders hastily transfer out to exchanges. Downward we go, on this slippery slope.
Is a dance with Optimism’s muse, rebounce, believable now?
Martian whispers of a $3.50 joyride do float through the canyons of capitulation. A bottom smooch might just make OP an altcoin sweetheart once more.
Unless that plummet reaches $1.58 though, our poor OP appears doomed to mope in short-term despair.
Yer best bet? Cross yer figgers. 🤞
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2025-01-22 07:03