Optimism (OP) Eyes $0.88 Near-Term; ~20% Upside
I expect OP to reach $0.88 in the near term as Optimism consolidates above a key support level. Technical indicators point to roughly 20% upside over the next 4–6 weeks.
I will monitor momentum and volume for confirmation; a clean break above resistance would validate the target while a failure to hold support would negate the short-term bullish thesis.
Analysis
Recommendation
I recommend a buy for a near-term trade targeting $0.88, with a stop-loss below the consolidation support and appropriate position sizing to manage downside risk.
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.