Optimism Price Prediction: OP Flips Resistance to Support, Targets New July Highs

Optimism (OP) is exhibiting renewed strength after decisively breaking above a multi-week consolidation range.

The asset has flipped a key resistance level into support, signaling potential for further upside movement. Technical indicators are aligning to confirm momentum, with bulls pushing for new local highs this July. Price structure and volume data suggest a broader continuation of the uptrend is underway.

Continuation Pump Confirmed on 1-Hour Chart Setup

The 1-hour OPUSDT chart shared by analyst Soul (@A_soulstrades) outlines a successful continuation pump setup that originated from a descending wedge breakout. This pattern formed between late June and early July and was characterized by lower highs and lows.

On July 9, the structure was breached with increased volume, leading to a sustained rally captured in a green box on the chart. The move took OPUSDT from USDT 0.50 to USDT 0.73, reflecting a 40% rise and validating the breakout as a strong reversal.

Source: X

After the initial surge, the price entered a brief consolidation phase around USDT 0.70, forming a flag structure interpreted as a reaccumulation zone. Soul’s chart highlights this as a pivot point for the next leg of the move.

A red box now indicates the projected target between USDT 0.91 and USDT 0.93. The bullish market structure, evidenced by continued higher lows and a clean flip of prior resistance, reinforces the likelihood of the rally extending toward this zone, provided OP maintains support above USDT 0.69.

Optimism Records 8.97% Daily Gain as Volume Surges

In addition, over the past 24 hours, Optimism has posted strong performance metrics, rising to USDT 0.78 for an 8.97% increase. The advance began near the USDT 0.70 level and accelerated into July 18, pushing the asset toward session highs. Price is currently consolidating around the upper boundary, showing signs of stability rather than immediate pullback, which suggests ongoing buyer interest.

Source: BraveNewCoin

Trading volume has supported the move, reaching USDT 556.8 million within the 24 hours. Notably, volume increased sharply during the breakout above USDT 0.72, indicating that the rally is underpinned by genuine market demand rather than isolated large orders.

With the rising volume trend intact, the rally appears sustainable. Optimism’s market capitalization has also climbed to USDT 1.36 billion, securing it a position at rank #93 by market cap. If OP flips the USDT 0.78 level into support, a further rise toward USDT 0.82–0.85 is plausiblDaily Chart Shows Bollinger Band Expansion and Strengthening Momentum

At the time of writing, the daily chart on TradingView confirms a bullish breakout, with OP/USDT rising to USDT 0.771. The price has moved beyond a prolonged sideways range between USDT 0.61 and USDT 0.72, with the latest candle closing above the upper Bollinger Band at USDT 0.759.

This breakout marks a transition from compression to volatility expansion, typically a precursor to trend continuation.

Source: TradingView

The Bollinger Bands are now widening, and the middle band (20-day SMA) is trending upward at USDT 0.615, showing growing momentum. Additionally, the Bull-Bear Power (BBP) indicator has reached +0.183, the highest in over two months. This positive reading, along with a strengthening histogram, suggests bullish control is intensifying.

As long as OP maintains a position above the upper band, the trend remains favorable. A short-term retest of USDT 0.75–0.76 could offer support before any further rise toward the USDT 0.85–1.00 zone.