Optimism Surges After Compound Pauses New Deposits

The Optimism token (OP) has seen a significant surge in price, up 9.74% to $0.0958, following Compound's decision to pause new deposits across seven low-demand LST and LRT collateral assets on the Optimism platform.

This move, which took effect on September 3, restricts the use of certain synthetic assets as collateral and temporarily tightens supply-side liquidity on Optimism.

The price prediction for OP suggests a range of $0.0905 to $0.1001 in the next 2-3 days, indicating volatility around immediate support and resistance levels.

Technical analysis indicates strong buyer momentum, with indicators such as MACD and ADX issuing a Buy signal, but also warns of overbought risk, suggesting a short-term pause or correction may occur.