Unlocking Optimism (OP) had a deep decline in the past days, can the OP, who bounced up from the support level, continue its rise?
Optimism (OP), which made a significant unlocking a few days ago, touched $ 1.36 and reached the bottom price months later. In the OP, which lost its old mood, the inability of the buyers to meet the price triggered a long-term downward trend. This trend ended with the OP jumping up after the unlock. Gathering strength after the unlocking, the OP came to the resistance price. Can he break this resistance and go back to his old times? We evaluated it on the chart.
Optimism (OP) Chart Analysis
OP, who came to the lowest level of the last 4 months due to the lock-opening effect, received a reaction, although not strong. Having reached the resistance of $ 1,493 in the short time frame, OP can gain momentum towards $ 1,768 – 2,042 – $ 2,468 and 2,743, respectively, if it breaks this point with volume. Also, the completion of the unlocking on the OP side seems to have eased the selling pressures on the project.
Ethereum’s bearish movements or negative news from the OP ecosystem may bring the price of the coin back to the bottom. The support levels to watch for the OP in this scenario are $1,371 and $1,194. Another thing to note for the OP is that he just completed the unlocking. This may lead to volatile movements for the short term.
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