📈LONG: $OP (1W)

#OPUSD | #OP | #Optimism

Current Price $2.16

Market Cap $2.72B

Change 1h +0.22% | 24h -4.44%

Weekly Indicators:

• RSI: 55 - Neutral 🟠

• MACD: -0 - Bearish 🔴

• EMA: 1.89 - Trading Above 🟢

Analysis:

Looks like it's prime time to buy the dip! OPUSD faced resistance at the SMA and is now pulling back. With local highs last April and November, this could be a solid long position for traders. Keep an eye on momentum as the price consolidates in the buy area.

Price Targets:

First take profit at $3.014, with a second target at $4.526. Traders should watch for confirmation of support before jumping in.