Optimism’s daily active addresses surged by 26% in 24 hours, despite a significant drop in total active addresses. Transaction volumes, however, have consistently remained above 900,000, indicating sustained demand.
Exchange inflows have increased sharply, suggesting some holders may be looking to sell. This raises concerns about pressure on the OP token as user participation declines.
The critical support zone for OP is between 0.58 USD and 0.60 USD, where sustaining above this range is crucial to avoid losses. Traders with long positions may face vulnerabilities in the current market.
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