Optimism (OP) Coils in Triangle as Bulls Aim for Breakout

Optimism’s (OP) price is currently confined within a symmetrical triangle, a pattern indicating growing volatility and anticipated directional movement. Traders are closely monitoring the $0.48 resistance level as they await a confirmed breakout from this tight consolidation zone. 7.03% gains have been recorded for OP during the week with the token currently trading at $0.4452. This indicates increasing strength in the market and bulls are eyeing a potential breakout, based on a recent surge in investor confidence and stabilization of the token’s market capitalization above $730 million.