Support test at $0.0862: Can Optimism avoid deeper losses?

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Optimism slides 7.27% to $0.088

Highlights

OP/USD remains under heavy bearish pressure, trading decisively below key moving averages on both short- and long-term timeframes.
Momentum and trend signals including MACD, ADX, RSI, and CCI are all bearish, with oversold conditions and strong selling dominance.
Expected range for the next 1–2 days is $0.0862 to $0.0923, with a high probability of continued declines unless resistance at $0.0933 is overtaken.

Bearish momentum accelerates as technical indicators flash oversold

On the H1 chart, OP/USD is trading below the MA-20 ($0.0934) and MA-50 ($0.0933) levels, and remains well under the MA-200 at $0.1465 on the daily timeframe. The Ichimoku Kijun at $0.0933 is acting as immediate resistance. Momentum indicators reinforce the bearish structure: MACD and ADX both indicate a sell bias, while RSI stands at 32.0 and both Stochastic RSI and CCI are oversold, highlighting strong downside momentum. Bull/Bear Power signals seller dominance intraday, with no meaningful bullish divergence observed.

Downside risk prevails as volatility bands limit reversal chance

Looking over the next one to two days, the expected trading range for OP/USD is $0.0862 to $0.0923, forming the typical volatility band relative to current levels. The probability of an upward move remains very low, while downside risk is described as very high. A bullish reversal scenario would require a decisive push through resistance at $0.0933, whereas a break below $0.0862 could accelerate the current downward trajectory. The baseline outlook therefore favors sideways movement within the defined corridor unless either bound is breached.

Viktoras Karapetjanc, expert at Traders Union, sees clear downside momentum in Optimism (OP) after the recent 7.27% drop. The asset is below its key moving averages with no fundamentals or news-driven catalysts visible. Technical signals suggest further pressure, with sellers in control and bullish attempts likely capped below $0.0933. He believes any upside needs a decisive breakout above this resistance. "Right now, risk is skewed to the downside, but I would watch for a momentum shift if $0.0933 is reclaimed as support."

Earlier, analysts noted that Optimism remained locked in a persistent bearish trend, with technical signals reflecting ongoing downside pressure. The current intraday analysis not only reinforces this negative outlook but also highlights elevated downside risk, with traders closely watching for a potential breakdown below $0.0862 as a trigger for further losses.

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.