The Optimism Foundation’s proposal to return sequencer fees to partners in ETH is the catalyst behind this $OP move, and importantly, it doesn’t require issuing fresh OP tokens. That keeps the upside narrative cleaner.
OP is now at $0.1133, up 6.68% in 24h and 4.6% across the latest 4h window, but volume is only 0.5x its 20-day average. RSI at 52 leaves room to run, yet price remains below the 20D and 50D averages.
For me, $0.11 is still the line bulls need to defend. A clean push toward $0.12 to $0.13 would strengthen the breakout case. Lose $0.11 and I’m waiting for a better setup. 👀📈 #OP #L2 #Layer2
Inspired by Sam_o____o on Binance Square.
OP is now at $0.1133, up 6.68% in 24h and 4.6% across the latest 4h window, but volume is only 0.5x its 20-day average. RSI at 52 leaves room to run, yet price remains below the 20D and 50D averages.
For me, $0.11 is still the line bulls need to defend. A clean push toward $0.12 to $0.13 would strengthen the breakout case. Lose $0.11 and I’m waiting for a better setup. 👀📈 #OP #L2 #Layer2
Inspired by Sam_o____o on Binance Square.
