Analyzing IntoTheBlock data, we can assume that the price of Optimism ( #OP ) could decrease to the $1.65 level. But standing in the way of the bears is the initial support line around $2, where more than 7 thousand investors bought 8 million coins. They may try to prevent the price from falling.
However, if the market continues to be bearish, then the price of OP could reach the $1.65 level, where there is significant support from 51 investors holding 797 million coins.
Despite this, bulls could change the picture if OP breaks above $2.26. However, 38 million coins owned by 58 thousand addresses could pose a serious problem for the bulls.
While such a scenario is unlikely, if the bulls manage to clear the selling wall at $2.26, then optimists can expect a quick price recovery towards the $2.65 zone.
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