Optimisme [OP] : une hausse de 7.1 % est-elle suffisante pour un rallye soutenu
A look south revealed the bullish strength at the $1.16 support level. Earlier in July, bulls had rallied strongly from the support level to a Q3 high of $1.8. Thus, the price rebound off this level could see another strong bullish rally. However, bulls will have to contend with two near-term obstacles. If buyers can cross the bearish low hurdle at $1.3, more gains can be achieved by flipping the $1.41 resistance level to support. Meanwhile, the RSI (Relative Strength Index) highlighted growing buying pressure by moving above the neutral level with a reading of 56. Also, the OBV (On Balance Volume) displayed steady trading volume which could aid the bullish momentum. Buyers dominated the exchange long/short ratio Source : Coinglass Data from Coinglass highlighted that buyers were in the majority in the short term. The exchange long/short ratio on the one-hour timeframe revealed buyers held a 57% share of the open contracts. Combien valent 1,10,100 OP aujourdhui ? This suggested a heavy bullish bias for additional short-term gains on Optimism. Thus, a price surge above $1.3 could strengthen the bullish conviction and result in a sustained bullish rally.






