• Optimism’s airdrop distributed over 10.3 million OP tokens to 54,000 wallets, boosting investor interest.

  • Investors remain confident, showing no significant profit-taking or large sell-offs post-airdrop.

  • Price patterns suggest OP could rise significantly if it surpasses key resistance levels.

Optimism’s latest airdrop sent over 10.3 million OP tokens to thousands of wallets. This sparked excitement among investors hoping for a major price rally.

With tokens now spread across a wider base, many expect Optimism to soar soon. The price charts also show signs of growth, suggesting a strong upward trend. But will this optimism be rewarded?

Investors Hold Strong as Optimism Gains Momentum

https://twitter.com/Ronster88_eth/status/1844692490529497444

The recent airdrop injected $10+ million worth of tokens into 54,000 wallets, as the above post highlights. Concerns about oversupply have surfaced, but most investors are choosing to hold their tokens.

Confidence in Optimism’s long-term potential remains high.The Realized Profit/Loss metric shows no spike in profit-taking, signaling stability. With no large sell-offs, Optimism looks poised for a price rally.

Network growth also jumped by 611% following the airdrop. More users are joining, eager to explore the platform. This surge suggests a flow of new capital, further boosting Optimism’s bullish outlook.

More activity on the Optimism network points to strong investor interest. As more users join, expectations for a price rally grow. Long-term investors appear optimistic about future returns.

Is OP Reaching for New Heights?

As of writing, OP trades just above the lower trend line, at $1.61. The price pattern shows bullish potential. If the price of OP moves past the resistance levels of $1.74 and $1.87, the altcoin could rise by 64%.

A breakout might push OP to $3.17. Failure to surpass $1.87 could delay the rally, raising concerns among investors. However, a successful breakout would confirm upward momentum.

Optimism’s airdrop has strengthened investor confidence, fueling expectations of a price rally. With no major sell-offs, the token seems well-positioned for future growth.

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