This Chart Shows Optimism (OP) Is Ready for a 2x Rally: Here’s the Outlook

Optimism (OP) price is showing strong signs of a breakout after a long period of decline. A falling wedge pattern had been forming on the chart for over a year, starting around mid-2024 and continuing into July 2025. That pattern was finally broken to the upside this month, a move that many traders view as a powerful bullish signal. According to analyst Crypto Kartha (@Cryptokartha), this breakout could be the start of a major rally.

Crypto Kartha shared a new chart that shows Optimism pushing above the wedge resistance with increasing volume. That kind of breakout often signals a change in trend. Based on the chart projection, the OP price could climb from around $0.74 to $2.00 over the coming weeks, representing a gain of roughly 177%. The projection area is clearly marked on the chart, suggesting a price target of about $2 if bullish momentum continues.

@Cryptokartha / X Why the Wedge Breakout Matters for OP Price

The falling wedge is considered a bullish reversal pattern. It forms when price action contracts between two downward sloping lines, signaling that sellers are losing control. Once the price breaks out above the upper trendline, it often leads to a strong move upward. In OP’s case, the breakout has already happened, and buyers are now trying to hold above that zone.

The current OP price is hovering around $0.74, and the next major resistance is just under $0.90. If that level is cleared, the move toward $2 could accelerate.

Read Also: Will DOGE Price Hit $0.42? Analyst Maps It Out

The momentum behind this setup is drawing attention from traders and investors who follow chart-based signals. Optimism is one of the key Layer 2 solutions in the Ethereum ecosystem, and renewed interest in the space could give it even more upside in the months ahead.

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The post This Chart Shows Optimism (OP) Is Ready for a 2x Rally: Here’s the Outlook appeared first on CaptainAltcoin.