$OP is trying to break out of its correction

Optimism is another Layer-2 solution for Ethereum. This token has shown pretty poor performance over the past year and a half.

On the daily timeframe, we can see that the overall decline is starting to slow within a descending price channel. There's a bullish divergence with RSI forming at the channel lows 🐂.

With this bullish signal, OP has started to recover. Right now it’s pushing through a series of mirror levels acting as resistance.

For further upside, it needs to break out above the upper boundary of the channel and clear the ~$0.79 level 📈. It’s very close to that point now. A breakout here could trigger a move up to ~$0.92 and the 200EMA area.