Optimism Price Surges as Buyers Push Toward Recent Highs

Optimism's price has surged 7.38% in a day to reach $0.1048, nearing its intraday high. The cryptocurrency is trading above its short- and medium-term moving averages, indicating continued bullish momentum.

The strong daily trading volume of $27.81 million supports the asset's liquidity and helps maintain momentum under sustained buying interest. Optimism's market capitalization stands at $223.97 million.

While OP trades with strong short- and medium-term bullish momentum, overbought technicals suggest range-bound action from $0.1003 to $0.1093 in coming sessions. The current price rebound above short- and medium-term moving averages indicates a shift toward bullish momentum.

The upside bias holds as profit-taking risk tempers breakout hopes. In the short term, OP/USD is expected to trade within a range of $0.1003 to $0.1093 over the next 2-3 trading days.