Bears Tighten the Grip on Optimism (OP), As Its Price Falls 11%
OP is trending downward, the cryptocurrency has been declining steadily since reaching $2.50 in late 2024. Optimism price has formed a clear descending channel that has continued into 2025. All moving average indicators are currently showing a bearish pattern. The 50-period EMA is at $0.763 and above the current price.