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Optimism Breakout Looms: Is $2+ the Next Stop After Upbit Boost?


Optimism Breakout Looms: Is $2+ the Next Stop After Upbit Boost?

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TL;DR

  • OP breaks past 50-day average as RSI nears 60, signaling bullish strength building.
  • Open interest hits $233M while volume drops, showing traders are positioned for the next big move.
  • Price targets from $0.93 to $2.10 emerge if OP breaks above $0.80 resistance zone.

Price Approaches Key Resistance

Optimism (OP) is now testing the top of a descending channel that has shaped its price movement for close to nine months. The asset has been trading within a structure marked by lower highs and lower lows, forming a clear downward pattern on the daily chart. 

Read the article at CryptoPotato

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