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06/08 06:13

Optimism is a Layer 2 scaling solution for Ethereu

Optimism is a Layer 2 scaling solution for Ethereum that uses optimistic rollups to enhance transaction speed and reduce gas fees. It inherits Ethereum’s security while enabling greater scalability. The native token, OP, powers governance, funds ecosystem development and supports protocol upgrades. Similar to the other Layer 2 tokens, the OP price is also testing the lower support, which hints towards a rebound. 

As mentioned before, the OP price is testing the lowermost support level and hence is believed to trigger a rebound anytime from now. The DMI is showing signs of the bullish reversal as the ADX is heading towards the lower threshold that may trigger a rebound, which may further initiate a bullish crossover between the +Di & -Di. With this, the ichimoku cloud may also undergo a bullish crossover that may elevate the Optimism price back above $1. 

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