This public chain may have faded out of everyone's sight for a while. It was once the most popular of the four major public chains, and even surpassed Aptos (APT), Sui and other public chains at one time, but now it seems to be forgotten by the market and can only go sideways quietly.

Let's talk about the conclusion first: Optimism (OP) is currently priced at $1.636. As the overall market trend changes, it may return to the rising trend line and continue to rise. Although OP may not reach the height of Solana (SOL) and Sui, it will also usher in a wave of rises. The recommended buying price is around $1.51, and the target price is $1.6, $1.7, $1.85 and $1.9.

Technical analysis: At present, OP rebounded from the low to the Fibonacci retracement level of 0.618. Affected by the falling trend line, it failed to break through 0.618 and fell back. A top pattern appeared on the 4-hour candlestick chart. If the top pattern continues to appear at the close of 4 o'clock today, the price may fall to the rising trend line. It is a good strategy to buy spot near the rising trend line and wait for a rebound. The 4-hour OBV (energy tide) indicator is about to form a dead cross, and the 4-hour MACD indicator's volume is also about to form a dead cross and cross the 0 axis, so you need to wait for the right time to enter the market.

News impact: Bitcoin's downward trend continues, causing other altcoins and public chains to fall. Competition between public chains is becoming more and more fierce, and most people's attention is currently on Sui, Solana and TON. Optimism has relatively little construction, and it may need to rely on dealers to absorb funds and pull the market to drive prices up.