Optimism launches direct ETH staking via Chainlink: Can OP continue gains?

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Optimism jumps 8.67% to $0.1404 today

Highlights

Lido now enables direct ETH staking on the Optimism network via Chainlink CCIP, removing manual bridging for users.
Optimism and Succinct will co-host a Money20/20 meetup in Las Vegas on October 19, increasing ecosystem visibility.
OP/USD trades above major moving averages, with mixed momentum signals and a projected range of $0.1322 to $0.152 for the next 1 to 3 sessions.

On-chain staking and event partnership drive ecosystem access

Lido has launched direct ETH staking on the Optimism network by integrating Chainlink's CCIP, as reported by CoinGape. This development enables users to stake ETH on Optimism without manual bridging, streamlining access and potentially increasing demand for OP by facilitating participation in DeFi applications. Additionally, Optimism and Succinct are set to co-host a Money20/20 meetup in Las Vegas on October 19, an event highlighted by TradingView, which may boost visibility and engagement with the Optimism ecosystem.

Divergent momentum signals emerge amid tight technical support

On the technical front, OP/USD is trading above the MA-20 ($0.1367) and MA-50 ($0.1394) intraday, and remains well-supported above the MA-200 ($0.1118) on the daily chart, while the Ichimoku Kijun provides immediate support at $0.1349. MACD indicates strong sell momentum even as the ADX shows a neutral trend, pointing to a lack of strong conviction behind the recent surge. The RSI holds at 50.41, Stochastic RSI signals a strong buy, CCI remains neutral, and Bull/Bear Power highlights robust intraday buying activity. The Awesome Oscillator is neutral, offering little confirmation of the current direction.

Consolidation expected as oscillators tilt outlook bullish

Looking ahead to the next 1–3 sessions, OP is expected to trade within a band of $0.1322 to $0.152, with upward movement favored given short-term oscillator signals and an up probability of 74%. The baseline scenario anticipates consolidation inside this range, while a bullish breakout could see price move above the $0.152 resistance. A retracement below $0.1322 is less likely but could emerge if momentum fades or sentiment shifts.

Viktoras Karapetjanc, expert at Traders Union, sees Optimism (OP) gaining traction through clear network utility gains and increased participant engagement. He notes that the Lido staking integration directly boosts DeFi access and supports fresh demand for OP. Event-driven sentiment looks positive as the Money20/20 meetup adds visibility. Karapetjanc believes the technical setup and current momentum back a constructive outlook in the near term. "Network upgrades and user inflows position OP for continued outperformance as long as sentiment remains favorable and key supports hold."

Earlier, analysts noted that Optimism faced continued downside risk and weak rebound prospects despite positive infrastructure developments. The current move above key moving averages, alongside fresh integrations and expanding ecosystem activity, marks a notable shift in trend, with the $0.152 resistance now a critical level to watch for potential breakout confirmation.

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.