Optimism (OP) Surges 7.36% as Bulls Target $0.88 Resistance Level
The post Optimism (OP) Surges 7.36% as Bulls Target $0.88 Resistance Level appeared on BitcoinEthereumNews.com.
Caroline Bishop Sep 13, 2025 10:12 OP price climbs to $0.83 with strong bullish momentum as technical indicators signal potential breakout above key resistance levels in the near term. Quick Take • OP currently trading at $0.83 (+7.36% in 24h) • Optimism’s RSI at 63.82 shows healthy bullish momentum without overbought conditions • Strong volume surge of $23.87M on Binance spot indicates genuine buying interest • OP price trading above all major moving averages, confirming uptrend continuation What’s Driving Optimism Price Today? While no major news catalysts emerged in the past week, the OP price surge appears driven by technical factors and broader Layer 2 sector strength. The 7.36% daily gain comes alongside substantial trading volume of $23.87 million on Binance spot, suggesting institutional and retail interest converging. The absence of negative headlines has allowed technical momentum to build naturally. Optimism’s position as a leading Ethereum Layer 2 solution continues attracting attention as the ecosystem matures, though today’s move appears primarily technical rather than news-driven. Market participants seem positioned for a potential breakout attempt, with the OP/USDT pair showing sustained buying pressure throughout the session. OP Technical Analysis: Strong Bullish Signals Emerge Optimism technical analysis reveals compelling bullish momentum across multiple timeframes. The OP RSI reading of 63.82 sits comfortably in neutral territory, providing room for further upside without immediate overbought concerns. Optimism’s MACD indicator shows particularly encouraging signals, with the main line at 0.0195 well above the signal line at 0.0070. The positive histogram reading of 0.0125 confirms strengthening bullish momentum for the OP/USDT pair. The moving average structure strongly favors buyers, with OP price trading above all key levels. Optimism’s 7-day SMA at $0.78 provides immediate support, while the longer-term averages (SMA 20, 50, and 200) all converge around $0.73,…
