All opinions Top Picks Most Discussed Crypto Premium Traders API
hold
OP

Optimism Faces Correction After $0.88 Rejection; Consolidation Likely

I see Optimism (OP) pulling back after rejecting the $0.88 resistance, slipping about 10.8% to $0.76. Recent Season 8 momentum faded and technical indicators are giving mixed signals, suggesting the rally has paused.

I expect a short-term consolidation or mild correction while on-chain activity and momentum indicators stabilize. I would avoid chasing fresh longs until OP shows a clear reclaim of $0.88 or steadier support near $0.70–$0.72.

Source available for registered users Sign Up Free

Analysis

Price action shows a failed test of resistance and declining momentum; indicators are mixed rather than bullish, implying range-bound trading or gradual pullback until volume and trend signals realign...

Recommendation

Hold and watch — avoid initiating new long positions now. Consider buying only after a decisive reclaim of $0.88 or confirmed support at the $0.70 area.

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.

You might also be interested in:

buy
OP

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

I forecast Optimism (OP) reaching $0.88 (~20% upside) within 4–6 weeks as it consolidates above key support; watch volume and momentum for confirmation.
Read full + analytics
buy
OP

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

Optimism (OP) may reach $0.88 resistance with approximately 20% upside within 4–6 weeks as it consolidates above key support; watch momentum and volume for confirmation.
Read full + analytics
buy
OP

Optimism (OP) Eyes $0.88 — ~20% Upside in 4–6 Weeks

Optimism (OP) may reach $0.88 within 4–6 weeks as it consolidates above key support, offering roughly 20% upside; monitor volume and risk management.
Read full + analytics
buy
OP

Optimism Poised to Test $0.88 Resistance — ~20% Upside

I expect Optimism (OP) to reach $0.88 by Sept 2025, implying ~20% upside within 4–6 weeks if momentum and volume confirm the breakout.
Read full + analytics
buy
OP

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

Optimism (OP) is consolidating above support with technicals suggesting a near-term target of $0.88, implying ~20% upside in 4–6 weeks.
Read full + analytics
buy
OP

Optimism (OP) Near-Term Upside to $0.88

Optimism (OP) aims for $0.88 resistance with ~20% upside in 4–6 weeks as it consolidates above key support; momentum favors a short-term bullish trade.
Read full + analytics
buy
OP

Optimism (OP) Eyes $0.88 Near-Term; ~20% Upside

Optimism (OP) could climb to $0.88, implying about 20% upside over the next 4–6 weeks as price consolidates above support.
Read full + analytics
wait
OP

Optimism Corrects After $0.88 Rejection — Wait for Confirmation

Optimism (OP) fell 10.8% to $0.76 after failing at $0.88; mixed technicals signal likely consolidation — wait for support or a confirmed breakout before buying.
Read full + analytics
wait
OP

Optimism Corrects After $0.88 Rejection — Consolidation Likely

Optimism (OP) fell ~10.8% to $0.76 after failing at $0.88; mixed technicals point to a consolidation phase. Wait for confirmation before initiating new longs.
Read full + analytics
wait
OP

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

Optimism (OP) dropped 10.81% to $0.76 after rejecting $0.88; technicals point to consolidation or a modest pullback before any renewed upside.
Read full + analytics