{"id":553739,"date":"2023-10-02T14:00:27","date_gmt":"2023-10-02T14:00:27","guid":{"rendered":"https:\/\/wncen.com\/?p=553739"},"modified":"2024-06-11T14:29:47","modified_gmt":"2024-06-11T14:29:47","slug":"optimism-op-climbs-6-a-day-as-crypto-market-rebounds-whats-next","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/optimism-op-climbs-6-a-day-as-crypto-market-rebounds-whats-next\/","title":{"rendered":"Optimism (OP) Climbs 6% A Day As Crypto Market Rebounds, What’s Next?"},"content":{"rendered":"
Optimism (OP) has posted notable gains today, October 2, <\/span>trading at $1.45<\/span>, with a 5% increase in the last 24 hours. Furthermore, its price has gained 15% in the last seven days.\u00a0<\/span><\/p>\n
OP’s rise coincides with the <\/span>improvement<\/span> in the general crypto market, which showed a remarkable recovery. However, whether OP will sustain the ongoing rally remains to be seen. But a close look at a few technical indicators may provide vital insights into its next price moves.\u00a0<\/span><\/p>\n
OP Approaches Overbought Zone As Buyers Sustain Rally<\/h2>\n
OP continues to show positive price momentum as buyers dominate the market. Also, it has formed a fifth consecutive candle on the daily chart, confirming active accumulation by traders.\u00a0<\/span>Its rally became prominent on September 29, when it broke above the Donchian Channel (DC) median band.<\/span><\/p>\n