OKX to Suspend Transactions During Initia Network Upgrade
Temporary Suspension of Transactions: OKX has announced a temporary halt on deposits and withdrawals for Initia network assets during scheduled upgrades on January 9, 2025, to ensure operational stability while keeping trading unaffected.
Historical Reliability of Upgrades: The exchange's approach mirrors past successful upgrades, which maintained trading activity with minimal disruption, reinforcing confidence in their procedures to protect user interests during network enhancements.
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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 9 technical signals, shows that 5 indicators are flashing buy, while 4 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 crypto.
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 | 0.0562 | 0.0904 | 0.133 | 0.167 | 0.209 | 0.243 | 0.285 |
| Fibonacci | 0.0904 | 0.12 | 0.138 | 0.167 | 0.196 | 0.214 | 0.243 |
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