Optimism (OP) Ready for Rebound or Rejection? đ€đ
Things are looking pretty interesting for Optimism right now! đ We've seen some sideways movement, with $OP testing the $1.50 support level multiple times. The price has held steady above the 7-day and 25-day moving averages, but the 99-day moving average at $1.64 is casting a shadow of resistance. Will OP break free or get stuck in this range?
Volume is showing modest engagement, but the volatility is down, sitting at 62%, which means traders are still on the fence. If we see OP push through the $1.64 resistance, thereâs potential for a solid move upward. However, a failure to break could see a retest of lower support levels at $1.40 or even $1.20 if bearish sentiment takes hold. Keep your eyes peeled for volume spikes or sudden momentum shifts!
Follow for more updates and let me know in the commentsâare you bullish or bearish on OP? đđ
#Optimism #CryptoAnalysis #PricePrediction #BullishOrBearish #CryptoTrading
