The native cryptocurrency of the Optimism layer-two blockchain on Ethereum, OP, is showing signs of a breakout and a potential price rally. OP has bounced off key support and is forming a new upward trend on the weekly chart. After retesting support at $1.06, which represents significant support established in June 2023, OP has rallied over 80%. It is currently moving towards a retest of resistance around $1.950, which, if broken, could launch a bull run for OP. Analysts attribute the increased investor interest to Optimism's recent token airdrop, which helped to spread its native crypto across a wider base of holders and maintained stable tokenomics. With the current price trend, OP appears poised to break above resistance and potentially reach the next Fibonacci level at $2.50. This could lead to a total recovery and the possibility of setting new records.



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