• OP finally crossed the $1.43 resistance, indicating a potential to move toward $2.
• There could be an entry around $1.53 if the price-DAA maintains the same momentum.

Optimism [OP] lived up to its name, gaining 7.65% in the last 24 hours. The jump followed the rise of most assets in the crypto market, led by Bitcoin [BTC]. But before the rise, analyst and investor Crypto Tony, spoke about the potential of OP.

Read Optimism’s [OP] Price Prediction 2023-2024

OP flips the target

In his post on X (formerly Twitter), Tony applauded OP for blasting through a resistance. A closer look at the charts by AMBCrypto revealed that the resistance being talked about was at $1.43. 

$OP / $USD – Update

Nice push against the resistance zone here, i am looking to long if we can flip $1.46 into support and stay above pic.twitter.com/6NmJvenAc7

— Crypto Tony (@CryptoTony__) November 4, 2023

The analyst did not just focus on the resistance. Instead, he mentioned opening a long OP position if it flips the $1.46 was the right thing to do. In quick summary, a long in crypto implies that a trader buys an asset while ex

Go to Source to See Full Article
Author: Victor Olanrewaju

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details