Optimism (OP) is poised for a potential recovery in 2025, trading near a crucial demand zone after a prolonged decline. The token hit a low of $0.234 on October 10 but has since stabilized around $0.390 in November. Technical indicators, including MACD and Awesome Oscillator (AO), suggest a shift in buyer sentiment, with the Relative Strength Index (RSI) rising from oversold levels.
A breakthrough above the $0.70 resistance could propel OP towards a target of $1.20 by the end of the year. Despite a decrease in Total Value Locked (TVL), on-chain activity remains robust, with daily transaction volumes and unique addresses reaching new highs.
Optimism (OP) Eyes Recovery as Technical Indicators Signal Potential Upswing
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