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OP

Optimism Corrects After $0.88 Rejection — Wait for Confirmation

I think Optimism (OP) is in a short-term correction after rejecting the $0.88 resistance, dropping about 10.81% to $0.76 despite Season 8 momentum.

Technicals are mixed: momentum drove the recent run but the failed breakout and the sharp pullback point to a likely consolidation phase rather than a clean continuation.

I will wait for clearer confirmation — either a sustained hold of nearby support or a decisive, higher-volume break above $0.88 — before increasing exposure.

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Analysis

Rejection at $0.88 followed by a 10.81% drop to $0.76 and mixed technical indicators increase the probability of a consolidation phase; renewed upside likely needs a clean breakout with confirming vol...

Recommendation

Wait for confirmation: hold off buying until support proves resilient or OP breaks and closes above $0.88 with strong volume; avoid adding on weakness unless a clear reversal pattern appears.

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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