![Optimism [OP] hit a key resistance, but an extra 35% hike is possible if…](https://i.headtopics.com/images/2023/2/25/cryptoamb/optimism-op-hit-a-key-resistance-but-an-extra-35-h-optimism-op-hit-a-key-resistance-but-an-extra-35-h-1629368849102413824.webp)
Optimism [OP] hit a key resistance, but an extra 35% hike is possible if...
Optimism’s [OP] price action in February chalked a parallel channel. It oscillated between $3.225 and $2.1 but hit the upper boundary and could retract, clearing some of the gains made in the last few days.Long-term bulls could wait to re-enter the market if OP dropped to $2.837 or the channel’s mid-level of $2.657. However, the ideal entry for a long position would be $2.479 or the channel’s lower boundary of $2.1.
A break below the parallel channel’s lower boundary of $2.1 would invalidate the bullish thesis. The drop could be checked by $1.911 or $1.500. Notably, the selling pressure seen at press time after OP hit the overhead resistance came from a key whale category holding 100K – 1M OPs.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Brazil's Thomaz Bellucci retires at age 35 after Rio Open defeatThomaz Bellucci, Brazil's main flagbearer on the men's tennis tour for the last decade, has retired after losing in straight sets to sixth-seeded Sebastian Baez 6-3, 6-2 in the first round of the Rio Open.
Read more »
35 Aspects Of American Culture That Leave Non-Americans PerplexedThere are many things that are confusing about the US, but here's what foreigners find the hardest to grasp.
Read more »
Readers reflect on the Calgary Winter Olympics, 35 years laterWith this month marking the 35th anniversary of Calgary’s Olympic Games, readers have been sharing their reflections and memories. Here are some of the many…
Read more »
Off-Road Comparison: Ford Bronco Sasquatch vs Jeep Wrangler Rubicon Xtreme ReconOff-Road Comparison: Ford Bronco Sasquatch vs Jeep Wrangler Rubicon Xtreme Recon — via drivingdotca FordBronco JeepWrangler
Read more »
Off-Road Comparison: Ford Bronco Sasquatch vs Jeep Wrangler Rubicon Xtreme ReconOff-Road Comparison: Ford Bronco Sasquatch vs Jeep Wrangler Rubicon Xtreme Recon — via drivingdotca FordBronco JeepWrangler
Read more »
Off-Road Comparison: Ford Bronco Sasquatch vs Jeep Wrangler Rubicon Xtreme ReconOff-Road Comparison: Ford Bronco Sasquatch vs Jeep Wrangler Rubicon Xtreme Recon — via drivingdotca FordBronco JeepWrangler
Read more »