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Optimism (OP) has a Neutral Sentiment Score, is Falling, and Underperforming the Crypto Market Thursday: What's Next?

Thursday, March 28, 2024 10:58 AM | InvestorsObserver Analysts
Optimism (OP) has a Neutral Sentiment Score, is Falling, and Underperforming the Crypto Market Thursday: What's Next?

Optimism (OP) gets a neutral rating from InvestorsObserver Thursday. The crypto is down 2.04% to $3.73 while the broader crypto market is up 2.16%.

Sentiment Score - ,
Optimism has a Neutral sentiment reading. Find out what this means for you and get the rest of the rankings on Optimism!

Neutral

Over the last five days, Optimism has earned a Neutral rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of Optimism over the past five days by volume and price movement.

The Sentiment Score provides a quick, short-term look at the crypto’s recent performance. This can be useful for both short-term investors looking to ride a rally and longer-term investors trying to buy the dip.

Price Levels

Optimism is currently trading near its midpoint for the past five-days. The crypto is 7.24% off its five-day high and is 12.53% higher than its five-day low of $3.31.

Optimism price is well positioned between support and resistance. With support set around $3.63 and resistance at $4, has some room to run before facing resistance.

Optimism has traded on low volume recently. This means that today's volume is below its average volume over the past seven days.

What is a token?

Tokens are digital assets that exist on another cryptocurrency's blockchain.

Due to a lack of data, this crypto may be less suitable for some investors.

Click here to unlock the rest of the report on Optimism

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