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OP

Expect OP Correction and Short-Term Consolidation After $0.88 Rejection

I see Optimism (OP) pulling back about 10.8% to $0.76 after failing to clear the $0.88 resistance. Season 8 momentum helped push price higher, but the recent rejection signals short-term weakness.

Technical indicators are mixed and suggest a consolidation phase rather than a decisive trend continuation. I would expect price to range or edge lower before any clean breakout attempt above $0.88.

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Analysis

The 10.8% decline after testing resistance indicates waning short-term momentum; mixed indicators and likely lower volume point to range-bound action or a modest retracement rather than an immediate b...

Recommendation

I recommend waiting for clearer confirmation: watch for support to hold near current levels or a volume-backed breakout above $0.88 before initiating fresh longs. Consider buying on weakness only if s...

Disclaimer

The Analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.

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Optimism (OP) Eyes $0.88 — ~20% Upside

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Optimism Eyes $0.88 Resistance — ~20% Upside in 4–6 Weeks

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Optimism Corrects After $0.88 Rejection — Wait for Confirmation

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Optimism Likely to Consolidate After $0.88 Test

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Optimism Corrects After $0.88 Rejection — Consolidation Likely

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