Optimism (OP) Continues to Print Profits for the Second Consecutive Session

Azeez Mustapha


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The Optimism market seems to be back to its winning ways as price action has continued to climb upwards. This upside climb has been ongoing for the second straight session, and now the market looks ready to break a psychological resistance level.

Optimism Statistics:
Current OP Value: $3.856
Optimism Market Cap: $3,918,749,429
OP Circulating Supply: 1,006,141,600
Optimism Total Supply: 4,294,967,296
OP CoinMarketCap Rank: 23

Key Price Levels:
Resistance: $3.856, $4.000, and $4.500
Support: $3.500, $3.000, and $2.500

Optimism (OP) Continues to Print Profits for the Second Consecutive Session

The Optimism Market Sustains Bullish Momentum

Buyers in the OP market are holding up quite well. This is seen in the fact that they have been in control for the second straight session. Likewise, the look of their wins seems quite significant and reflects their strength. Price activity in the ongoing session has risen above the crossed lines of the Guppy Multiple Moving Average (GMMA) lines.

Consequently, this signals that there may be more bullish moves. Meanwhile, the Moving Average Convergence Divergence (MACD) indicator lines continue to approach a bullish crossover, which suggests that traders can keep using bullish crypto signals in this market.

OP Price Action Eyes a Psychological Resistance at the $4.000 Mark

Optimism price movement stays consistent with the observations from the daily market even now. Here, it could be seen that a new 4-hour session has begun, with prices taking an upside path. This has further advanced the upside bounce that took off in the previous session above the GMMA indicator lines.

Also, the MACD indicator lines have crossed the equilibrium level and are still rising upward. The bars of this indicator still appear solid green above the equilibrium level. Consequently, this agrees with the drawn inference that the market has an upside trajectory and may shortly break the $4.200 mark.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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