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.
Optimism was trading at $0.71 as of press time, showing a 3% increase in the past 24 hours and 5% over the past week.
Analyst Jonathan Carter notes that the price is nearing the channel’s upper edge, with volume showing signs of increase. A daily close above the $0.80 to $0.82 range may confirm a breakout.
#OP
Optimism is approaching breakout from the descending channel on the daily timeframe
Volume is growing as the pric
We współpracy z: https://cryptopotato.com/optimism-breakout-looms-is-2-the-next-stop-after-upbit-boost/
