Optimism Don Soar 13% On Top Upbit Listing, Dem Dey Aim $0.85 Breakout
Optimism jump 13% afta Upbit, di biggest crypto exchange for South Korea, announce say dem go get spot trading pairs for OP/KRW, OP/BTC and OP/USDT. Trading volume jump 460% reach two-month high as Open Interest climb 38% to $310 million. On-chain data show Chaikin Money Flow plus 0.10, as Binance long/short ratio dey 2.06 with 67% longs. Technically, Optimism don break long-term down trendline and e dey close to key $0.85 resistance. If e close every day above $0.85 and 200-day EMA, e fit trigger 40% rally go $1.20. If e no fit break am, e fit fall under $0.85. Traders suppose dey watch momentum signals and $0.85 breakout for better market chance dem.
Bullish
Di Upbit listin an record high tradin volume dey yan say demand for Optimism strong for spot and derivatives markets. Open Interest don rise 38% and di long/short ratio pass 2 show say traders dey bullish. Break one long term down trendline and di $0.85 resistance wey dey front show sey upside momentum dey come. For short term, if breakout succeed, e fit push price go near $1.20. Long term, steady volume and positive on-chain flows dey support bullish outlook provided say Optimism hold above 200-day EMA.