Optimism jumps 11% as buyers surge and traders hold strong long positions near key resistance.

Optimism (OP) surged 11.14% to $0.1656 on a sharp increase in trading volume, driven by renewed buyer interest after weeks of price stagnation near $0.12. The token broke above a key inverse head-and-shoulders neckline at $0.1397, signaling a bullish reversal, though it faces resistance near $0.1718. Despite the rally, exchange outflows remain strong, indicating traders are accumulating OP rather than selling. Top Binance traders hold a strong majority of long positions, reflecting confidence in further upside, though overbought indicators suggest a possible short-term pause before continuation. If buyers sustain momentum above resistance, OP could extend its recovery further.