$OP
🔴 OP (Optimism) Update
📰 Governance approves OP token buybacks — 84% support for using 50% of Superchain revenue to buy OP monthly over 12 months starting Feb 2026, tightening supply & linking value to real economic activity.
🏗️ OP Enterprise launched — infrastructure suite for enterprise chains built using OP Stack, expanding real-world utility & developer adoption.
📉 Price action mixed — OP remains range-bound with macro risk impacting high-beta tokens; short-term sentiment cautious despite fundamentals.
📊 Technical view: key support near recent lows; major resistance awaits breakout above broader crypto trend shifts.
⚠️ Near-term risk: execution risk on buybacks & broader market sentiment may cap rallies.
📌 Bias: Neutral–Bullish | Buybacks + ecosystem growth, short-term consolidation