In recent trading days, the cryptocurrency market has shown signs of stabilization, with Bitcoin surpassing $84,000. According to a technical analysis by Ali Martinez, Optimism (OP), a Layer-2 scaling solution for Ethereum, is exhibiting a head-and-shoulders pattern, suggesting a potential 70.9% decline to $0.25 from its current price of $0.86. This bearish signal indicates a possible downturn for OP in March.
Meanwhile, Solaxy, aiming to be the first Layer-2 solution for Solana, has garnered significant interest, raising over $26 million in its presale. Solaxy plans to address Solana's scaling issues in 2025 with an architecture designed to enhance transaction efficiency and security. The SOLX token offers staking rewards of approximately 150% APY and aims to leverage Solana's speed with Ethereum's liquidity through multichain compatibility.