Optimism (OP) operates as a second-layer blockchain built atop Ethereum. Leveraging the security of the Ethereum mainnet, Optimism enhances the scalability of the Ethereum ecosystem through the implementation of optimistic rollups.
OP is ranked #29 with a market capitalization of nearly $3.1 billion. The current market price of the token is $3.4USDT
The OP/USDT trend had broken out of the flat consolidation on the daily timeframe. The trend is now retesting its breakout levels with good trading volumes. The next resistance is expected at 4.18 USDT and the next support is expected at 3.12 USDT.
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