The chart for $OP suggests a healthy upward trend, with higher lows indicating growing buyer interest and the possibility of a sustained rally. This shows that OP is forming a strong base for a potential breakout.
The $1.82 resistance level is critical. Flipping this local resistance into support would confirm the strength of the current move and pave the way for a significant rally. Breaking through this level could attract more buyers, potentially leading to a sharp move upward.
Next Target: If $1.82 is successfully broken, Optimism could see a bullish run, with the next target possibly around $2.00 or higher, depending on broader market conditions and momentum.
Indicators to Watch:
Volume: A spike in volume accompanying the breakout would confirm strong buying pressure.
RSI: An overbought RSI above 70 could signal short-term caution, but it would also confirm bullish momentum if accompanied by increasing prices.
Overall, a successful breakout above $1.82 could lead to a nice upward run for #Optimism Keeping an eye on how the price interacts with this resistance will be key to confirming the bullish continuation.
