Cryptocurrency Optimism Decreases More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Optimism's (CRYPTO: OP) price has fallen 4.25% to $1.47 over the past 24 hours, contrary to its positive trend over the past week where it experienced a 4.0% gain. The trading volume for the coin has fallen 39.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has decreased 0.32%. The current market cap ranking for OP is #42 at $1.06 billion.
August 25, 2023 | 7:00 pm
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Optimism's (CRYPTO: OP) price has fallen 4.25% to $1.47 over the past 24 hours, despite a 4.0% gain over the past week. The trading volume for the coin has fallen 39.0% over the past week, moving in tandem with the overall circulating supply of the coin, which has decreased 0.32%.
The decrease in Optimism's price, along with a decrease in trading volume and circulating supply, indicates a potential bearish trend in the short term. This could be due to a variety of factors, including market sentiment, overall market conditions, or specific news or events related to Optimism. The decrease in price is contrary to the positive trend over the past week, which could indicate a potential reversal of the recent upward trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100