Optimism (OP) racing again as price hits $1.90 today

– The Optimism price analysis shows a strong bullish trend. – Resistance for OP is present at $1.80. – The support for OP/USD is present at $1.44.

According to the hourly and daily Optimism price analysis, OP’s price is going tremendously high. This is because the bulls have escaped through the bearish pressure that started on 30 July 2022 and depreciated the coin value for three days consecutively. However, the bulls seem to have reclaimed the market.

OP/USD 1-day price analysis

The one-day Optimism price analysis confirms the uptrend as the price can be seen reaching up to the $1.66 level after the continuation of the bullish trend since yesterday. The cryptocurrency has gained 17.83 percent value during the last 24 hours.

The past week also proved highly beneficial for cryptocurrency buyers as its value has increased by 95.82 percent during the past week, almost doubling the investment of buyers in a short time period. The trends have gradually shifted as the coin has rejected the downside below $1.50.

Optimism price analysis

The four hours Optimism price analysis predicts a bullish trend as the price has increased again in the past few hours. The price breakout was upwards at the start of the day, but a correction took place for four hours.  However, bulls have taken the lead back, and the price is moving upwards again and has reached the $1.66 level, which is above the moving average level, i.e., $1.55. A further price increase can be expected as the bullish momentum extends.

Conclusion

The price levels have increased further today, as confirmed by the one-day and fours Optimism price analysis. The bullish candlesticks have reappeared on the price chart as the trends reversed yesterday. The price has increased to the $1.66 level after the bullish comeback. This price analysis was made 2 days ago and buyer support continues.

But, if the buyers’ support remains intact, there is a chance that the uptrend for the cryptocurrency may continue, and the coin may challenge the $1.84 resistance where it last peaked on 29 July 2022.

Disclaimer

Please take these price predictions as suggestions of some market experts/analysts. Prediction with tools may not turn out perfect due to the unpredictability of certain factors such as public sentiment and market conditions.

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