BNB Chain, which has released the Layer 2 testnet on the Optimism network, has created huge volatility in the ecosystem token.
Optimism (OP), which announced that it would realize a key opening in the past weeks, had fallen sharply in that process. The loss of value of OP, which caught a great trend and excitement when it was presented to the crypto market, led to the loss of investors. OP, which has been trading in a downtrend at $2.74 so far, took action again with the announcement of BNB Chain, becoming the third highest rising coin of the day.
Optimism (OP) Technical Analysis
OP tested $0.90 by bottoming out with altcoins collapsing. The popular coin, which exploded upwards from this point, reached $1.05. On June 19th, with BNB Chain publishing the Layer 2 testnet on the Optimism network, the OP moved towards $1,194, targeting an upper resistance.
In order for the increases on the OP side to continue, the resistance levels that must be overcome are $1.19 – 1.37 – 1.50 – 1.78 and $2.04, respectively. Although the chart has not yet settled, the values that can see support quality are $1.05 and $0.90. Indicators such as Fibonacci can be used for the continuation of possible decreases.
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