In the last 24 hours, Optimism has witnessed a decline of 8.67%, trading at 1.67 USD, down from 2.7 USD a month ago. The market sentiment is divided, raising questions about a potential rebound versus further decline.
Technical indicators reveal a strong bearish trend, with notable sell signals from Stoch RSI and RVGI. Additionally, a significant drop in active addresses suggests reduced network engagement, while Total Netflows indicate increasing selling pressure as traders transfer assets to exchanges.
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