Optimism Price Forecast: OP eyes 22% recovery gains

FXstreet
FXstreet

29 Jun 2023 10:01 AM

Optimism (OP) price is relatively ahead of other altcoins in terms of recovery and could lead the rest of the pack. The bullish outlook can be seen ac...

  • Optimism (OP) price is showing two buy signals on the 4-hour chart, indicating a potential 10% rally.
  • The MRI indicator has already signaled a buy, but momentum indicators have not confirmed yet.
  • A close below $1.08 would invalidate the bullish thesis for OP.
  • OP is leading other altcoins in terms of recovery and has a bullish outlook.

The article has an overall positive sentiment, highlighting the potential for a rally in Optimism (OP) price and its bullish outlook.

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You May Ask

What are the buy signals indicating for Optimism (OP) price?What would invalidate the bullish thesis for OP?How is OP performing compared to other altcoins?What is the potential price target for OP if the bullish case plays out?What could trigger a correction in OP price and favor the bears?

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