$OP Optimism (OP) Analysis – November 24, 2024

**Market Sentiment:** Bullish

Optimism (OP) is gaining traction today, fueled by strong network activity and an overall positive market sentiment in the Layer 2 sector. Investors are optimistic about OP’s scalability solutions for Ethereum, particularly amid rising adoption of decentralized applications (dApps) on its platform.

With OP currently trading near $2.117, technical indicators suggest potential upward momentum. The coin is forming a bullish pattern, with resistance at $2.20 and support at $2.05. Breaking above $2.20 could push OP toward $2.35 in the short term.

**Target Price:** $2.35

**Buy Price:** $2.05-$2.10

**Sell Price:** $2.30-$2.35

If broader market conditions remain stable, Optimism may continue its rally. However, traders should monitor Ethereum gas fees and any updates regarding OP’s ecosystem, as these factors can heavily influence price action.

Always consider market risks and adjust strategies accordingly.$OP