Optimism (OP) is stuck at the $0.61 resistance: Is it silence before the explosion?

Optimism (OP) may be preparing for a strong price movement with the increasing bullish atmosphere in the market. However, the strong resistance at the $0.61 level currently stands out as its biggest obstacle.

The recent vibrancy observed in spot and futures markets indicates that investor interest is on the rise again. The purchasing power in the spot market and the increase in Open Positions suggest that a period of price movement is on the horizon.

Liquidation Pressure and Critical Threshold: $0.61

According to COINOTAG data, a large amount of liquidation orders have accumulated around the $0.61 price level. This indicates that sharp movements may occur in the market as the price approaches this level. If this resistance is broken, the liquidation of short positions could accelerate, and the price could experience an upward explosion. However, in case of a failed attempt, sudden pullbacks could also be on the agenda.

Spot and Derivative Markets: Bullish Signs Strengthening

Interest in OP has started to rise again since the beginning of June.

In the spot market: The Cumulative Volume Delta (CVD) indicator indicates strong buying pressure.

In futures: Open Positions have recently increased by 18.14% to $194.92 million.

This data confirms that both leveraged trades and general market interest are increasing. However, such a dense position accumulation also carries the risk of excessive crowding.

Whale Movements: Is a profit sale coming?

The data flow from large wallets shows that net outflows of whales have decreased by 62% in the last week. This development strengthens the possibility that whales could turn to profit sales after their previous accumulation. These addresses, which have accumulated 1.397% in the last 90 days, could impact price stability in the short term.

Network Activity Increasing: New Users in Action

Activity on the OP network is also noticeable:

Daily active addresses: 6.66% increase

New address count: 6.35% increase

Zero balance addresses: 1.74% increase

These metrics show that investor interest is based not only on speculation but also on ecosystem usage. This means a more sustainable upward ground for OP.

Volatility is tightening: Is a big move near?

The 30-day volatility of OP has decreased to 105.26%, hitting a one-month low. This indicates that there is a search for direction in the market and a strong breakout potential is forming. If a volume-supported rise occurs, OP may quickly surpass the $0.61 resistance and gain upward momentum.

Conclusion: Pay Attention to the Critical Threshold

$0.61 is both a technical and psychological barrier for OP.

In case of a breakdown, a sudden price jump is possible.

However, the concentration of liquidations could trigger sudden declines in case of a possible rejection.

Investors should closely monitor whale movements, volume data, and changes in Open Positions. These factors will play a key role in determining the short-term direction of Optimism.

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