{"id":16675,"date":"2024-10-30T15:38:19","date_gmt":"2024-10-30T15:38:19","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=16675"},"modified":"2024-10-30T15:38:19","modified_gmt":"2024-10-30T15:38:19","slug":"optimism-crypto-and-tia-head-for-big-unlocks-will-scheduled-releases-trigger-downside-price-moves","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=16675","title":{"rendered":"Optimism Crypto and TIA Head For Big Unlocks: Will Scheduled Releases Trigger Downside Price Moves?"},"content":{"rendered":"
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Halloween has come for TIA and OP, as Optimism Crypto is set to release 31,340,000 OP tokens<\/a>, about 2.50% of its circulating supply, into the wild. While Celestia crypto has even scarier token unlocks planned.<\/p>\n

This Layer 2 solution is Ethereum\u2019s answer to its own bottlenecks, using optimistic rollups to boost speed and cut costs.<\/p>\n

Meanwhile, the modular data availability network Celestia ($TIA) has joined the token unlock party with its biggest token unlock ever. Here\u2019s what you need to know.<\/p>\n

$TIA<\/a> unlocks of 176m tokens today:
\u2013 Total value of $900m to be unlocked
\u2013 Apparently 92m tokens aren’t staked but the rest is, therefore an actual potential sell pressure of $469m
\u2013 Total of 739m tokens still staked at 10.65% APR
\u2013 Hedging shorts unwinding and funding rate\u2026 pic.twitter.com\/SxGPMsm08m<\/a><\/p>\n

\u2014 Nemi \u30cd\u30df (@Nemi_0x) October 30, 2024<\/a><\/p>\n\n

Optimism Crypto Price Analysis: Will Latest Token Unlock Spook OP Price?<\/h2>\n

Optimism is one of the most essential cryptocurrencies for scaling the Ethereum ecosystem. And at this point, it seems like roll-ups and layer-2s will outperform Ethereum <\/a>this cycle, which is currently struggling.<\/p>\n

Think of Optimism crypto as\u00a0cramming a freeway full of transactions into a single lane and watching them zoom past the toll booth. Compatible with Ethereum\u2019s usual suspects\u2014Solidity and EVM\u2014developers will find it a smooth ride to shift gears onto this platform.<\/p>\n

I believe that Layer 2’s are going to be thriving in the coming period.$OP<\/a> is slowly building up for a big breakout.<\/p>\n

Once it gets to $1.80-1.90, I assume we’ll see a breakout to $3 next.<\/p>\n

Good times are ahead. pic.twitter.com\/duUEz5Us2K<\/a><\/p>\n

\u2014 Micha\u00ebl Van de Poppe (CHAT ACCOUNT) (@Crypto_MichPope) October 30, 2024<\/a><\/p>\n\n

Currently, Optimism crypto <\/p>\n

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is trading at $1.78, and its 20-day SMA is sitting at approximately $1.71.<\/strong> This shorter-term moving average aligns with the recent price, hinting at sideways consolidation with a\u00a0mild bullish bias. The 200-day SMA is around $1.70, providing additional long-term support close to current levels.<\/p>\n

This morning, the charts lit up with a golden cross as the 20-day SMA danced over the 200-day SMA, signaling a potential rally. It\u2019s the kind of setup that gets traders buzzing, hinting at a bullish horizon ahead.<\/p>\n

(OPUSD<\/a>)<\/p>\n

The Bollinger Bands are stretching their legs a bit, hinting at more market volatility, which makes sense with the 2024 presidential election less than a week away. $OP is also cozying up to the upper band of the Bollinger bands, flirting with a continued bullish upside. If it keeps its head above the median, we might see a wave of buying pressure crash in.<\/p>\n

All in all, Optimism is in a relatively stable position, consolidating around key support at $1.70 with resistance at $1.74. The recent bullish golden cross between the 20-day and 200-day moving averages hints at the potential upside, especially with the token unlock happening tomorrow.<\/p>\n

DON\u2019T MISS:\u00a0The Hottest Undervalued Altcoins in November 2024<\/a><\/p>\n

Celestia Crypto: TIA Price Will Crumble In Face of Mega Unlock<\/h2>\n

Celestia Crypto\u2019s token unlock is currently ongoing and has a major impact on the price<\/a>, but not in a good way.<\/p>\n

Celestia <\/p>\n

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is trading at $4.85, with its 20-day SMA hovering around $4.95, marking a flimsy support line. It\u2019s a lukewarm scene after the token unlocks. Meanwhile, the 200-day SMA is hovering around $5.10, creeping down and casting a bearish death cross<\/strong> with the 20-day SMA.<\/p>\n

(TIAUSDT<\/a>)<\/p>\n

With the Bollinger Bands squeezed, volatility\u2019s on a leash, yet the price keeps nudging the lower band, a sign of bearish pressure. Sitting near the lower band points to oversold signals, but there\u2019s a lurking threat of further decline unless it bounces back to the middle band.<\/p>\n

DON\u2019T MISS:\u00a0The Hottest Undervalued Altcoins in November 2024<\/a><\/p>\n

A Final Thought on These Unlocks<\/h3>\n

With Celestia experiencing a major sell-off, we might see a similar trend for Optimism tomorrow. You were warned.<\/p>\n

Volatility is expected across the entire crypto landscape in the days heading toward the election on Tuesday. Until then, double down on coins you\u2019ve researched thoroughly and can sleep at night knowing you hold.<\/p>\n

DISCOVER:\u00a0Pepe Unchained Raises $21 Million in Presale as Meme Coins Value Over $60B. Whale Makes Another $50K Splash<\/a><\/strong><\/p>\n

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Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/a><\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n

The post Optimism Crypto and TIA Head For Big Unlocks: Will Scheduled Releases Trigger Downside Price Moves?<\/a> appeared first on <\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Halloween has come for TIA and OP, as Optimism Crypto is set to release 31,340,000 OP tokens, about 2.50% of its circulating supply, into the wild. While Celestia crypto has even scarier token unlocks planned. This Layer 2 solution is Ethereum\u2019s answer to its own bottlenecks, using optimistic rollups to boost speed and cut costs. […]<\/p>\n","protected":false},"author":0,"featured_media":16676,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-16675","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16675"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16675"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/16675\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/16676"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}