📊 $OP
Technical Analysis for OP/USDT: Optimism Price Action Update
Current Price: $2.030 (≈ Rs. 566.28)
Daily Change: +8.91% 📈
24h High/Low: $2.063 / $1.861
24h Volume: 22.5M OP ($44.61M USDT)
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Market Overview
Optimism (OP) has been showing significant bullish momentum with a +1.20% increase today and a 7.86% gain over the past 7 days. However, it is still recovering from a 23.18% drop in the last 30 days, indicating some resistance ahead.
Key Technical Indicators
Bollinger Bands: The price is testing the upper band, suggesting increased volatility and possible continuation of the upward move.
MACD: The MACD line is above the signal line, confirming bullish momentum.
SAR: Indicates potential reversal zones.
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Price Targets 🎯
Based on current analysis, here are the short-term and medium-term targets for OP/USDT:
1️⃣ Target 1 (Short-Term): $2.10
If the bullish momentum sustains, OP could test this immediate resistance level.
2️⃣ Target 2 (Medium-Term): $2.30
Breaking above $2.10 could open the door to retest the $2.30 mark, aligning with prior resistance levels from recent highs.
3️⃣ Target 3 (Aggressive): $2.50
If broader market sentiment remains positive, OP could push toward $2.50, a key psychological and technical level.
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Support Levels:
$2.00 (Immediate)
$1.86 (Strong support, 24h low)
Resistance Levels:
$2.10 (Immediate)
$2.30 (Major Resistance)
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