Optimism Price Prediction: OP Faces Key Resistance at $0.573 as Bulls Eye $0.689

Optimism (OP) is entering a decisive phase as traders closely monitor a key support zone between $0.506 and $0.460. While the token has shown temporary signs of recovery, the broader trend remains uncertain without confirmation from technical indicators. 

Analysts are focusing on the $0.573 resistance level as a crucial pivot that could define OP’s short- to medium-term trajectory. As of July 6, 2025, OP is trading near $0.530, with bulls and bears battling for dominance within a narrowing volatility range.

Price Range Narrows as Market Awaits Breakout Trigger

The past 24 hours have seen OP oscillate within a tight band between $0.520 and $0.535. After beginning the session near $0.530, the token experienced several brief spikes and pullbacks, suggesting reactive trading behavior rather than sustained directional movement.

A late-session rebound helped push the price to a high of $0.536 before closing the day slightly lower. This pattern highlights increased sensitivity around the current price zone, with traders cautious ahead of any significant breakout.

Price Range Narrows as Market Awaits Breakout Trigger

Source: BraveNewCoin

Despite the rebound, market sentiment remains subdued. Trading volume reached $120.6 million, showing moderate activity, especially during the late-day bounce. The market capitalization dropped to approximately $939 million, reflecting a 6.65% decline over the 24-hour period.

The volume uptick during the price recovery signals potential interest from buyers, although the overall structure suggests hesitation. The current range between $0.525 and $0.535 could act as a short-term consolidation area ahead of the next directional move.

Finora AI Highlights Critical Support and Resistance Zones

According to a recent chart shared by Finora AI, the $0.506–$0.460 region represents a major support zone for OP. The analysis suggests that this area is historically associated with liquidity pockets, often used by institutional players or algorithms to trigger stop-losses and gather orders.

If price action shows bullish signals—such as a bullish engulfing candle or a pin bar—within this range, it could validate a long-entry setup. The initial resistance lies at $0.573, with further targets at $0.626 and $0.689 if the recovery gains traction.

Finora AI Highlights Critical Support and Resistance Zones

Source: X

The daily structure reveals that OP remains in a broader descending trend, dating back to its breakdown from above $3.00 earlier in the year. Attempts to climb above $0.60 have failed to hold, reinforcing the presence of a supply zone near that level.

Finora AI notes that a daily close above $0.573, followed by successful retests, would confirm a shift in market direction. On the other hand, any close below $0.460 would invalidate the current bullish setup, opening the door to potential declines toward $0.420.

Momentum Indicators Remain Weak as Price Hovers Near Bollinger Support

The daily chart of OP/USDT on TradingView shows the token consolidating near the lower boundary of its Bollinger Bands. The price closed at $0.530 after ranging between $0.519 and $0.539, remaining below the midline at $0.548. This positioning indicates that bearish momentum still holds influence, especially given the narrowing of the Bollinger Bands, which typically precedes a breakout.

Momentum Indicators Remain Weak as Price Hovers Near Bollinger Support

Source: TradingView

The Awesome Oscillator (AO) currently reads -0.035, with recent histogram bars turning red after a brief green phase. This shift suggests that bearish momentum may be returning after a temporary pause.

A confirmed break above $0.548, paired with increasing volume, could validate bullish strength and potentially push OP toward the $0.60 mark. However, failure to hold above the $0.495–$0.50 support zone may expose the token to further downside pressure toward $0.47.

Source: https://bravenewcoin.com/insights/optimism-price-prediction-op-faces-key-resistance-at-0-573-as-bulls-eye-0-689