The Optimism token (OP) has been trading in complete technical purgatory at $0.12, exactly where every major moving average converges. The 1.4% daily gain feels more like noise than conviction, especially with anemic $1.6M volume suggesting that big players are still sitting on their hands.
However, the absence of retail FOMO despite Layer 2 narratives heating up across crypto creates a potential powder keg scenario. When institutional money finally decides to move, there won't be much resistance until we hit the $0.25 level where the 200-day moving average waits like a brick wall.