Base moves away from OP Stack — Optimism slips 13.59%

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Optimism drops 13.59% to $0.1322 today

Highlights

Coinbase’s Base is moving away from Optimism’s OP Stack to develop its own unified stack, raising concerns about future onchain revenue for Optimism.
Ether.fi will migrate over 70,000 crypto debit cards and $160 million in TVL from Scroll to Optimism’s OP Mainnet, boosting OP Mainnet’s ecosystem.
OP trades at $0.1322, well below key moving averages, with strong bearish momentum and a likely short-term range of $0.119–$0.145 amid persistent selling pressure.

Revenue outlook questioned as Base exits OP Stack, Ether.fi migrates to Optimism

Coinbase’s Base, an Ethereum layer-2 network, has announced it is moving away from Optimism’s OP Stack framework to develop its own unified technology stack, raising concerns over future onchain revenue for Optimism. During the transition, Base will remain an OP Enterprise customer and stay compatible with OP Stack standards, although this shift is expected to impact short-term revenues for Optimism and brings the sustainability of the shared revenue model into question. In a separate development, Ether.fi has revealed plans to migrate its crypto debit card product — involving more than 70,000 cards and $160 million in TVL — from Scroll to Optimism’s OP Mainnet.

Stretched downside and volatility as sell signals dominate technicals

Momentum readings remain strongly bearish with MACD and ADX both reinforcing the sell-side trend on the daily chart. Oversold signals from RSI (22.7), Stochastic RSI (0.0), and CCI (–204.3) indicate extremely stretched downside conditions, yet Bull/Bear Power stays negative, confirming that sellers dominate intraday trading. The Awesome Oscillator does not distinctly reinforce the trend but today’s price is down 13.59% from the previous session, without a notable gap between yesterday’s close and today’s open. The current price sits near today’s low ($0.1278), highlighting high intraday volatility and consistent downside pressure after the open, which aligns with the prevailing negative momentum.

Further losses likely as week-long selling outweighs recovery prospects

Looking ahead to the next five days, OP is expected to remain within a $0.119–$0.145 range, calibrated around the current price to match recent extreme volatility. Based on indicator signals showing uniform selling pressure (no bullish or strong buy readings among weekly MA-50, RSI, ADX, or MACD), there is a very low probability (less than 20%) of a price increase, making further downside much more likely. The baseline scenario anticipates consolidation sideways in this volatility band relative to current levels. In a bullish scenario, OP would need to reclaim levels above the Ichimoku Kijun resistance near $0.2204, while a move below $0.127 could trigger another leg down with sellers keeping clear control in the near term.

Anton Kharitonov, expert at Traders Union, notes persistent bearish momentum on both technical and sentiment fronts for Optimism. He sees downside pressure reinforced by major moving averages and a lack of bullish signals, while Base’s decision to move away from the OP Stack further clouds revenue stability. The analyst expects price to remain weak and consolidating in a tight band unless it can reclaim key resistance levels. "As long as Optimism trades below $0.2204 with sellers dominant, I see no reliable reason to expect a reversal or sustainable bounce."

Previously it was reported that Optimism (OP) is experiencing steep declines, trading sharply below all major moving averages and exhibiting persistent bearish momentum across all timeframes. Key momentum indicators, including RSI, MACD, and ADX, confirm strong oversold readings with no immediate technical support, while resistance is noted near $0.2204, underscoring sustained selling pressure amid heightened volatility.

Source of Data: OP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.