The post Optimism News Today: OP Holds $0.79 as Open Interest Stays Firm at $150M appeared on BitcoinEthereumNews.com.

Optimism is holding steady around $0.79 despite recent volatility. Open Interest (OI) trends indicate that market participants remain engaged, maintaining active liquidity and balanced positions. This dynamic underpins current stability while leaving room for potential directional moves. Open Interest Signals Active Participation Recent chart analysis shows aggregated Open Interest stands at $150.52, reflecting consistent involvement from market participants. This steadiness indicates traders are not rushing to exit positions, maintaining a healthy backdrop for near-term activity. Source: Open Interest Earlier in the week, OI climbed steadily, aligning with OP’s price rally above $0.84 before retracing. The rise in participation showed growing confidence in the move, even though the subsequent pullback narrowed gains. Such shifts indicate that active speculative flows are shaping the short-term direction. Currently, OI levels remain elevated compared to the mid-September lows near $130M, highlighting resilience in derivatives positioning. This ongoing interest suggests that while price fluctuates, the market retains strong conviction, setting the stage for further decisive swings once a clear breakout emerges. Market Activity Strengthens and Pushes Towards $0.82 According to BraveNewCoin data, Optimism was trading at $0.81, reflecting a 2.33% increase over the past 24 hours. The coin’s market capitalization stands at $1.44 billion, supported by trading volume of just over $113 million. This uptick shows renewed market engagement after a relatively quiet period, with buyers appearing to defend the $0.79–$0.80 range as a critical support zone. Source: BraveNewCoin Trading activity throughout the last 24 hours highlights the crypto moving in small but steady increments, hovering between $0.79 and $0.82. Volume data indicates an active exchange of positions, suggesting that both short-term holders and longer-term participants are maintaining interest at these levels. The sustained liquidity ensures the coin avoids sharp downturns, even as volatility remains present in the broader market. Momentum Holds Near Key Support At…

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Filed under: News - @ September 21, 2025 10:29 pm