Optimism Price

One of the numerous blockchain ideas attempting to address the scaling issues with Ethereum is the Optimism Rollup network. Optimism gets a little bit closer to the significant improvement “Bedrock.”

On its platform, Optimism is getting ready to roll out the most recent update, called Bedrock. Key details regarding the most recent upgrade were revealed in a recent presentation in Paris by Optimism developer Kelvin Fichter. The “most advanced roll-up design ever developed,” according to Fichter, is Bedrock. Fichter went on to say that the OP Labs are also anticipating the impending debut of the EIP-4844. It is claimed that this improvement will lower rollup fees and let Ethereum to scale without “giving up” decentralization.

As the total value locked within the layer-two scaling solution approaches $500 million, Optimism’s native token OP has also increased by over 100% over the last few days. Let’s take a look at the OP price

OP Price Prediction

OP Price

OP bounced off $1.04, a crucial support level, on July 28′ 22. This suggests that bulls are making an effort to continue an upward trend after a relief rally. OP may retest or maybe reach the $1.66 price level in the days to come. The point of interest for the bulls is $2 and above if OP is able to move over the $1.66 price level.

The demand zone between $1.04 and below levels may be quickly retested in a couple of days, though, if sellers maintain their drop and drive the price below $1.28. Since there is a bullish short-term trend, bearish situations are currently very unlikely.

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Images courtesy of TradingView.


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