0.1291: $OP is still getting sold.
Down 6.52% in 24h, with $6.26M traded. The 4h move is -5.6%, but volume is only 0.4x the 20d average. That matters.
RSI at 38 says weak, not fully washed out. Funding is -0.007%, so shorts are paying while the chart chops around mixed MAs. Bearish pressure, but not a clean panic flush yet. ⚠️
$0.13 is the level I care about. If $OP can't reclaim it, I stay patient. If it does, the tape gets interesting. $SOL is holding up better, which makes this weakness stand out. @OptimismFND needs to show demand, not just noise. 👀
Who else is watching this?
#Optimism #Layer2 #L2
Down 6.52% in 24h, with $6.26M traded. The 4h move is -5.6%, but volume is only 0.4x the 20d average. That matters.
RSI at 38 says weak, not fully washed out. Funding is -0.007%, so shorts are paying while the chart chops around mixed MAs. Bearish pressure, but not a clean panic flush yet. ⚠️
$0.13 is the level I care about. If $OP can't reclaim it, I stay patient. If it does, the tape gets interesting. $SOL is holding up better, which makes this weakness stand out. @OptimismFND needs to show demand, not just noise. 👀
Who else is watching this?
#Optimism #Layer2 #L2