@mujeeb
Optimism's (OP) price is showing warning signs of a potential price correction due to:
- Bearish head-and-shoulders pattern
- Weakening on-chain data (net network growth -0.87%, "In the Money" metric -1.36%)
- Negative MVRV Long/Short Difference (-8.75%)
OP is currently trading at $1.12 with a 5.34% gain in the past 24 hours. If it fails to hold the $1.12 support, it may test $1.06 or lower levels.
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