Optimism volatility has dropped, with traders playing safe as shown by dwindling trading volumes. Nearly $90 million worth of OP tokens is due to flood markets in a cliff unlock. Token unlocks are bearish catalysts, with passive investors often caught in exit liquidity. Optimism price volatility has shrunk in the ours leading to the network’s cliff unlock. It joins the likes of dYdX and Sui , which have similar events on their calendars.
Unlock events could offer sidelined investors an opportunity to enter positions in assets, taking advantage of the short-term volatility. Optimism price outlook After a climb of around 15% since news of the unlock hit the markets, Optimism price is slowing down ahead of the event as traders de-risk. OP price could consolidate along the 50% Fibonacci placeholder ay $3.75, as it remains stuck between the 50-day and 100-day Simple Moving Averages .
Source: Financial Digest (financialdigest.net)
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