OP Price Forecast: Bullish Divergence and Breakout Signal $0.68 Upside Potential

Optimism (OP) is showing early signs of a bullish reversal, capturing attention across short-term and mid-range technical charts.

After experiencing downward pressure through July, the token appears to be stabilizing above the $0.645 zone.

Momentum indicators across multiple timeframes now point toward a potential recovery phase, with analysts highlighting key price structures that could support an advance toward $0.68. A sustained breakout from current levels may establish a new short-term trend.

Short-Term Structure Shows Signs of Recovery

The 15-minute chart shared by BullFrog Crypto indicates an emerging recovery attempt after OPUSDT fell below the $0.665 support. The chart shows a higher low forming, which suggests the beginning of renewed buyer interest.

Volume has also begun to stabilize, hinting that the recent selling pressure is weakening. A critical supply zone between $0.665 and $0.6695 remains the pivot point, and a successful reclaim could validate a continuation pattern.

Source: X

The visual path drawn on the chart points toward a short-term target of $0.6695. This level aligns with a previously broken resistance, now acting as a possible confirmation area for upside extension.

Traders are watching this zone for breakout and retest behavior, supported by volume increases. The strategy appears tailored to short-term scalping or momentum-based intraday entries, particularly if the consolidation holds above $0.650.

Bearish Intraday Pressure Followed by Recovery Effort

Additionally, according to BraveNewCoin’s 24-hour chart data, OP experienced a volatile session marked by both gains and losses. The token initially rose from $0.663 to nearly $0.6902 before reversing sharply.

The reversal, coupled with declining volume, suggested a lack of conviction in the earlier uptrend. Price eventually settled near $0.66, closing with a 1.69% daily decline.

Source: BraveNewCoin

Trading volume for the period reached $462.36 million, indicating active participation throughout the trading cycle. While bears dominated the latter half of the day, the closing stages hinted at a mild bounce from the $0.645 support floor.

If the price can recover and maintain levels above $0.67, short-term sentiment may turn more constructive. However, confirmation is still needed for any breakout attempts above $0.68.

MACD and Bollinger Bands Hint at Momentum Shift

On the other hand, the daily chart for OP/USDT on TradingView presents a scenario of renewed bullish potential. Price action recently broke above the mid-Bollinger Band (20-day SMA), now trading at $0.653, while approaching the upper band at $0.652.

This positioning, paired with prior consolidation, suggests that the token could be entering a short-term breakout phase if it sustains above this volatility threshold.

Source: TradingView

The MACD indicator reinforces this view, with the MACD line (0.0187) crossing above the signal line (0.0162), and a positive histogram confirming upward momentum. The widening histogram bars further imply growing strength behind the move.

Historically, such crossovers within a Bollinger squeeze context have provided credible short-term signals. If buyers maintain momentum, OP could target resistance near $0.75 in the coming sessions, with the $0.568 mid-band serving as key support on any pullbacks.

Market participants will be closely monitoring how OP behaves around the $0.67 to $0.68 range. A confirmed breakout above these levels could signal the start of a broader recovery trend after months of compression and downward drift.