Optimism (OP) Trading Volume Explodes by 303% After Upbit Listing Announcement
Main Idea
Optimism (OP) experienced a significant price surge and trading volume increase following its listing on Upbit, with technical indicators suggesting continued bullish momentum.
Key Points
1. OP's price surged 7.8% in one hour after Upbit announced its listing, with trading pairs in KRW, BTC, and USDT.
2. Trading volume for OP increased by 303% following the Upbit listing announcement.
3. Technical indicators like RSI (66.90) and MACD crossover signal strong bullish momentum, though the price is nearing a potential resistance zone.
4. The 20-day moving average at $0.714 acts as a key support level, while the upper Bollinger Band at $0.831 presents a resistance point.
5. If OP breaks above the $0.831 resistance, it could target the $0.90 zone, while a drop below $0.714 may indicate a bearish reversal.
Description
OP surged 7.8% in one hour following Upbit’s listing announcement. Upbit listing includes KRW, BTC, and USDT pairs, with temporary trading restrictions applied. Technical indicators like RSI (66.90) and MACD crossover signal strong bullish momentum. The price of Optimism (OP), the Ethereum Layer 2 scaling solution, surged 7.8% within an hour following news of its listing on Upbit, South Korea’s largest cryptocurrency exchange. The sudden spike saw OP hit $0.808, marking a 10% increase over the p...
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