10.3M OP Airdrop Ignites Bullish Momentum: Will It Rally?
Optimism’s latest airdrop sent over 10.3 million OP tokens to thousands of wallets. This sparked excitement among investors who are hoping for a significant price increase.
The recent airdrop injected over $10 million worth of tokens to 54,000 wallets. Concerns about oversupply have surfaced, but most investors are choosing to hold onto their tokens.
Confidence in Optimism’s long-term potential remains high. The Realized Profit/Loss indicator shows no surge in profit-taking, indicating stability. With no massive sell-off, Optimism seems poised for a rebound.
Network growth also jumped 611% after the airdrop. More and more users are joining in, eager to explore the platform. This surge indicates an inflow of new capital, further strengthening Optimism’s bullish outlook.
As of the time of writing, OP is trading just above the lower trendline at $1.61. The price pattern shows bullish potential. If the price of OP breaks through the $1.74 and $1.87 resistance levels, the altcoin could rally by 64%.
A breakout could push OP to $3.17. Failure to break above $1.87 could delay the rally, raising concerns among investors. However, a successful breakout would confirm the upward momentum.
