Resistance

Optimism

<ul class="list-ic vertical">
 <li><span>1</span> <a>Optimism price prediction has turned bullish and suggests that bulls are getting ready to participate in the bull run.</a></li>
 <li><span>2</span> <a>OP price surged approximately 26% in the last trading session and broke the $2.00 hurdle.</a></li>
 <li><span>3</span> <a>Optimism crypto price showed a range expansion.</a></li>
</ul>
<p>Optimism price prediction has turned bullish for 2024 and suggests that the rally has just begun. The bulls seemed to have woken up after a long consolidation and displayed a massive breakout.&nbsp;</p>
<p>OP price surged approximately 26% in the last trading session and formed a giant bullish candle. It succeeded in breaking out of the $2.00 barrier with a high buying volume which triggered a positive sentiment.&nbsp;</p>
<p>The sudden rise in the volume indicates the participation of big players and crypto whales.&nbsp;</p>
<p>In November, the Optimism price spent time in a narrow range between $1.600 to $2.000. It shows that the price consolidated for base formation and the range has turned into a demand zone now.&nbsp;</p>
<p>The 50-day and 200 EMA are pointing upward indicating the trend of <a href="https://www.thecoinrepublic.com/2023/11/24/will-optimism-price-op-hold-its-recent-gains-and-rise-further/" target="_blank" rel="noopener noreferrer nofollow">OP crypto</a> is in an upward direction. However, the recent upmove is quite surprising which takes the price to the overbought zone. So, minor consolidation or correction is expected in the coming week before resuming the rally.&nbsp;</p>
<p><a href="https://www.thecoinrepublic.com/2023/11/24/will-optimism-price-op-hold-its-recent-gains-and-rise-further/" target="_blank" rel="noopener noreferrer nofollow">Optimism price</a> is trading at $2.193 with an uptick of 0.97%. In the last 24 hours, the trading volume rose by 298%, and volume to market cap records at 31.45%.</p>
<h2 class="wp-block-heading" id="strong-will-optimism-price-hold-2-00-level-in-coming-months-strong"><strong>Will Optimism Price Hold $2.00 Level in Coming Months?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="711" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-199.png" alt="Optimism Price (OP) Surges 26%; Are Bulls Chasing $3.00 Mark?" class="wp-image-183463" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-199.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-199-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-199-1024x455.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-199-768x341.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-199-1536x683.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-199-750x333.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-199-1140x507.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/TtFXNmmc/" rel="noopener noreferrer nofollow">OP/USDT</a> daily chart by Tradingview
  </figcaption>
 </figure>
</div>
<p>Optimism price prediction suggests a rise in the long run. It formed a highly bullish pattern on a daily chart which attracted the attention of the long-term investors.&nbsp;</p>
<p>At present buyers of OP are trying to give the follow-up. If they succeed, then 10% to 20% more upside is possible in a short period.&nbsp;</p>
<p>On the higher side, $2.400 may act as a short-term huddle for bulls followed by the next hurdle at $2.731. Buyers need to take control over the supply zone to increase the possibility of reaching $3.00.&nbsp;</p>
<p>The analysis suggests that OP price will hold the $2.00 level and it will eventually reach the $3.00 mark.</p>
<h3 class="wp-block-heading" id="strong-op-price-formed-a-double-bottom-pattern-strong"><strong>OP Price Formed a Double Bottom Pattern</strong></h3>
<div class="wp-block-image">
 <figure class="aligncenter"><img loading="lazy" decoding="async" width="1600" height="711" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-198.png" alt="Optimism Price (OP) Surges 26%; Are Bulls Chasing $3.00 Mark?" class="wp-image-183462" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-198.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-198-300x133.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-198-1024x455.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-198-768x341.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-198-1536x683.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-198-750x333.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/12/image-198-1140x507.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   Source: <a href="https://www.tradingview.com/x/cyTnrrpf/" rel="noopener noreferrer nofollow">OP/USDT </a>weekly chart by Tradingview
  </figcaption>
 </figure>
</div>
<p>OP price formed a double-bottom bullish reversal pattern on a weekly chart. Recently, it broke out of the neckline hurdle which confirmed the bullish trend reversal on a higher time frame chart.&nbsp;</p>
<p>Therefore, investors and traders may look to go long and participate in the upcoming bull run.</p>
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4>
<p>Optimism price prediction suggests a rise and bulls are likely to lead the rally in the coming months. The recent breakout in OP crypto looks reliable and powerful so it shows that more upward momentum is possible. The analysis suggests that OP price might continue the rally and may go beyond the $3.00 mark.&nbsp;</p>
<h5 class="wp-block-heading"><strong>Technical levels</strong></h5>
<ul>
 <li>Resistance levels: $2.731 and $3.000</li>
 <li>Support levels: $1.925 and $1.386</li>
</ul>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

Optimism Price (OP) Surges 26%; Are Bulls Chasing $3.00 Mark?

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