#OPUSDT | 4 HOUR TIMEFRAME UPDATE
Fundamental Analysis for Optimism (OP): ๐๐
Optimism is a Layer-2 scaling solution for Ethereum, designed to reduce transaction costs and increase throughput by offloading transaction processing from the Ethereum mainnet. As one of the major Layer-2 projects, Optimism leverages rollup technology to bundle transactions together, significantly reducing congestion on Ethereum. Optimism has gained considerable traction due to its compatibility with the Ethereum Virtual Machine (EVM), making it developer-friendly and easy for Ethereum-native projects to adopt. With the increasing adoption of Layer-2 solutions and Optimism's strategic partnerships with established DeFi projects, OP is positioned well for growth as Ethereum scaling continues to be a critical focus in the crypto space.
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Technical Analysis for #Optimism (OP): ๐๐
Optimism (#OP ) is a project in my watchlist, and my analysis considers short-term, midterm, and long-term perspectives.
I'm looking for confirmation to open a LONG position in the range of $1.667 - $1.597. โ
Short-term targets: $1.760 - $1.867 ๐
Midterm targets: $1.942 - $2.007 ๐
Long-term targets: $2.129 - $2.275 - $2.456 ๐
Invalidation Level: below $1.290 โ
