Optimism is one of the altcoins indicating a sharp decrease among a wider fall in the cryptocurrency market.
The price of OP has fallen by more than 16%to check the lowest levels since in August dropped to $ 1.17.
Why is optimism reduced today?
The data show that the global market capitalization of Crypto has lost almost 8% in 24 hours, while most tokens in red, since risk assets experience sharp volatility.
The total liquidation amounted to more than 860 million US dollars, and more than 795 million dollars Rekt over the past 12 hours before writing.
It is noteworthy that the market correction occurred when investors reacted to news related to artificial intelligence around the AI Deepseek Chinese company.
The company, which has become a contender for Openai and other American companies in this sector, allegedly built and trained its open source assistant with an open source with a budget of ten times compared to Openai.
The investor’s reaction caused a cascade of negative moods when NVIDIA shares fell by more than 5%.
Crypto, which received significant buoyancy against the backdrop of great successes throughout AI, also felt pain when prices were drawn.
On Monday, January 27, on the crypto -market, the price of bitcoins fell below 98 thousand dollars. USA, and the altcoins were greatly clogged.
OP -price fell 16% to $ 1.34, bargaining above $ 1.64 earlier on the same day.
Coinding data showed that an open percentage decreased by 9%, since more than $ 4 million was liquidated in 24 hours.
Most of these liquidations for a long time, since only 41 thousand dollars of the won positions were shorts.
OP -prison will fall further?
Immersion in the OP token up to 1.34 dollars reached its lowest level from the moment of discharge to about $ 1.17 in August 2024.
Nevertheless, Altcoin fought in recent weeks and ran into a refusal of $ 1.80 last week.
The decrease over the past 24 hours expands the rollback and sees how about $ 1.30, prices are optimistic in the key support zone.
It is noteworthy that this phase of correction can gain a fresh impulse if the bears are charged among the key week for the network.
In particular, optimism is ready for large unlocking token this week.
According to Tokenomist, OP is one of the best Cliff tokens this week. SUI will see more than 64 million SUI in the amount of $ 256 million, and 2.13% of the circulating offer will be placed on its account.
Optimism has the second largest planned cliff unlock, and more than 31 million OP for more than $ 45 million is included in circulation.
The impact can be fresh pressure in the conditions of another market dynamics. In this case, $ 1.30 and $ 1.20 are critical prices for OP.
For bulls, the main goal will violate the stable resistance of $ 1.80.
The forecast of optimism price after: OP falls by 16% against the background of 31 million tokens.
