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Optimism Price Prediction As $OP Exits 200-Day Accumulation to Pursue $2.6 Target

source-logo  coingape.com 08 December 2023 16:07, UTC

Optimism Price Prediction: The Optimism (OP) coin has experienced a significant shift in its price dynamics over the past month. Initially trading within a range defined by two converging trendlines, this period of consolidation, while reflecting uncertainty among market participants, was revealed in the daily timeframe chart as a flag pattern. Such a pattern is typically indicative of an upcoming continuation of an uptrend. Consequently, a recent breakout from this pattern and a key resistance level suggests that the OP price is poised to ascend to higher levels.

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