The Optimism crypto gathered strength and surged on Friday, shedding losses incurred on Thursday.
The Optimism crypto managed to gain buyers on Friday and edged higher, recovering the previous day’s losses. The crypto rebounded from the 50-Day exponential moving average, showing signs of positivity over the charts.
The daily chart illustrates that OP crypto has reduced volatility in the short term and has been consolidating in a tight range for the last several sessions. The exponential moving average of 50-Day EMA has been acting as a dynamic support and the lower boundary of the range.
On the higher side, a psychological level of $4 and the previous swing high has been acting as the resistance and the higher boundary of the consolidation. The price has been hovering in a tight range and is unable to find a clear direction as of now.
With the increasing duration of consolidation, the possibility of a breakout is also increasing. Further breakout or breakdown may decid
We współpracy z: https://www.thecoinrepublic.com/2024/03/01/optimism-crypto-holds-higher-is-op-preparing-for-a-blast/
