Over the course of the past seven weeks, there has been a consistent downward correction in the price of OP. This correction has been influenced by a declining trend line, causing the price of the altcoin to drop by 63% from $4.85 to $1.8. However, there has been a recent rebound in the altcoin price, which is now at $2.64 following the post-halving consolidation. The market value of Optimism is currently estimated to be $2.7 billion, and its trading volume has seen a significant increase, reaching $427.2 billion since yesterday. This recent surge has surpassed the projected trend line signal, indicating the end of the previous correction trend. Experts are optimistic that a post-breakout rally could potentially push the cryptocurrency price up to $4.
