Binance Supports Optimism, Metal DAO Upgrades in May 2025
Binance's Support for Network Upgrades: Binance will support the network upgrades of Optimism (OP) and Metal DAO (MTL) on May 9, 2025, ensuring that trading remains active while deposits and withdrawals are temporarily paused.
Market Stability and User Guidance: The exchange anticipates minimal market impacts during the upgrades, advising users to complete transactions in advance to avoid inconvenience, while historical data suggests a quick recovery in liquidity post-upgrade.
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Technical Analysis for OP
Technical Sentiment Analysis for Optimism (OP) As of , Optimism (OP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for OP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, OP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Optimism (OP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0423 | 0.1 | 0.158 | 0.215 | 0.273 | 0.331 | 0.388 |
| Fibonacci | 0.1 | 0.144 | 0.171 | 0.215 | 0.26 | 0.287 | 0.331 |
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