The price of $OP is currently around $1.84, reflecting a 6.3% increase in the past 24 hours and an 11.3% rise over the last week. This upward momentum has been building for a month, fueled by technical factors such as the breakout from an inverse head and shoulders pattern, which is traditionally a bullish indicator.
This breakout signifies a shift in market structure, suggesting that $OP could experience further upward momentum as buying pressure increases. The inverse head and shoulders pattern is a reversal setup often seen at the end of a downtrend, and this recent breakout may signal the start of a new bullish trend for the #Optimism .
