Crypto analyst Ali predicts that Optimism (OP), an Ethereum scaling layer 2 solution, will experience a bullish rally based on historical chart patterns. Ali points out OP's tendency to form bullish ascending triangles at market bottoms, which are often followed by significant price advances. Ali believes OP could surge to $7.20, a 340% gain, based on the Fibonacci retracement level. However, OP has recently experienced a sharp decline, causing its market cap and trading volume to fall. Ali suggests that the current downturn may actually indicate the bottoming process for OP. The historical patterns and technical indicators validate the forecast of OP hitting $7.20.



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