Optimism [OP] breaks 0.85 USD neckline — here’s what it means for the traders

OP has recently surged past the 0.85 USD mark, signaling a potential trend reversal. A total volume of 120.25 million OP in large transactions indicates significant whale interest despite a profitability split among holders.

Currently, 48.30% of OP holders are profitable, while a similar percentage faces losses. The key support level lies at 0.85 USD, crucial for maintaining a bullish momentum towards the next target of 1.00 USD.

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