Summary
TLDR: Optimism (OP) price is poised for a potential comeback after a 30% correction, with fault-proof testing on Ethereum’s testnet and increased transactions boosting optimism. If the price can maintain $3.30 as support, a bullish trend towards $4.00 is likely, but a major token unlock on March 29 could negatively impact the price. Always conduct your own research before making financial decisions.
Key Points
1. The Optimism (OP) price is on the verge of making a potential comeback after a 30% correction, with a recovery triggered by development on Tuesday.
2. Optimism Fault Proofs Testing has begun on Ethereum’s Sepolia testnet, improving security measures and receiving positive reception with an increase in transactions per second.
3. The OP price prediction indicates a potential uptrend towards $4.00, but a major token unlock on March 29 could negatively impact the price, with a decline to $3.30 possible.