Will OP Price Rebound To The High Of $3 Soon?

Optimism has a market cap of $1.9 Billion and is currently ranked 44th in the crypto verse. The volume of the asset has observed a gain of 55% in the last 24 hours. OP token price is currently trading near the value of $1.77 with a drop of 31% in the last month.
OP price is currently in a weak bearish trend on the daily chart. It is trading below the 50 and 100 EMA on the daily chart. The upside trend of OP can see a halt near the value of $2.1. Meanwhile,the support of the asset price can be observed near $1.5.
The RSI of OP price is currently near 37 with a small positive slope. The overall sentiment of the RSI is bearish in nature.
Harmonic PatternsTrend Analysis

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