Optimism Price Eyes Recovery as Bulls Defend $0.50 Support

The Optimism Price Prediction outlook points to a potential stabilization phase as OP holds firm above the $0.50 support zone despite ongoing market turbulence.

Analysts across X highlight contrasting signals — with some citing bullish liquidity conditions, while others remain cautious until price reclaims key resistance levels.

Bull Bear Spot Flags Bullish Correlation

In a recent X update, Bull Bear Spot shared a chart comparing Optimism against the Global M2 Liquidity Index, highlighting a bullish correlation that could indicate favorable conditions for a potential rebound. The analyst described the setup as a “bullish chart”, suggesting that the coin could “pump at any time” if liquidity expansion continues to support risk assets.

Source: X

The analysis implies that the coin’s market behavior tends to mirror global liquidity trends, with previous liquidity upticks coinciding with periods of strong price appreciation. Bull Bear Spot noted that renewed liquidity growth in October might provide the fuel needed for the coin’s next upward move.

While the post stops short of predicting exact price targets, the chart underlines a macro-level alignment between global money supply expansion and the potential for renewed buying interest in Layer-2 tokens like the token.

Bears Maintain Short-Term Control

Optimism is currently trading at $0.40, reflecting a 2.07% decline over the past 24 hours, as bearish sentiment continues to dominate the market. The layer-2 scaling token has faced consistent selling pressure near the $0.41 resistance level, while intraday lows have tested the $0.38–$0.39 support range.

With trading volume hovering around $115 million, the muted buying momentum signals a cautious stance among traders, possibly due to the broader market correction seen across major altcoins.

Source: BraveNewCoin

Despite the short-term dip, he coin remains a critical player in Ethereum’s scaling ecosystem, supporting faster and cheaper transactions. However, the current market cap of $759 million suggests that investors are waiting for stronger catalysts such as new dApp integrations or network upgrades o trigger renewed bullish activity.

Analyst Warns of Key Reclaim Levels

In contrast, Crypto_Jobs TA & FA provided a more cautious technical assessment, noting that OP’s recent structure remains fragile unless bulls reclaim the $0.510–$0.520 range. According to his analysis, this area marks a high-timeframe support that was recently broken, turning into an immediate resistance zone that must be regained to confirm strength.

Source: X

Crypto_Jobs emphasized that without a decisive reclaim, the coin could face another sharp leg down, leaving its short-term outlook uncertain. He added that while fundamentals for the asset network remain solid, the technical picture alone does not yet justify a bullish bias. The analyst urged patience, suggesting that market participants wait for confirmation through consistent closes above the key resistance level before anticipating further upside.