Optimism Price Prediction: OP Targets $0.72 as Volume and Momentum Build

Optimism (OP) price began showing early signs of a recovery after weeks of downtrend and tight consolidation.

The token saw a moderate rebound from local lows, supported by steady volume and higher intraday lows.

While price remains below key resistance, traders are closely monitoring structure shifts for confirmation of a potential upside move. At the time of writing, indicators suggest neutral momentum, with OP positioned just below the critical $0.70 threshold.

The daily OP/USDT chart from X illustrates a clearly defined downtrend from late Q2 2025. OP fell sharply from above $3 to the sub-$0.70 range, forming a series of descending distribution zones.

These zones suggest systematic selling pressure, where each rally attempt was met with renewed resistance. The current consolidation range is marked around $0.65–$0.70, identified as a possible accumulation phase.

Source: X

Technical analyst @GhostMMXM referred to this zone as the “final stage in an MMXM” (Market Maker eXit Model), warning that failure to reclaim the $0.66–$0.70 level could result in a deeper breakdown.

According to the MMXM framework, this stage represents the last opportunity for a reversal before liquidity dries up entirely. The chart also highlights a final defensive region, slightly above $0.55, which could become the next test if the current support level fails.

The importance of reclaiming the lower consolidation band cannot be overstated. Without a decisive break above $0.70, the broader structure remains vulnerable to continued distribution and possible price capitulation into Q4.

Volume and Price Action Show Buyer Interest

On August 4, OP posted a 4.94% gain, rising from an intraday low of $0.645 to a high of $0.668. The price action displayed a series of higher lows and higher highs, suggesting consistent buy-side activity. This upward movement occurred alongside a 24-hour trading volume of $106.6 million, indicating organic interest rather than a short-lived spike.

Source: BraveNewCoin

The chart reflects a slow but steady accumulation pattern, supported by rising volume during late sessions on August 3 into early August 4. Unlike previous rallies, this move held its gains and did not fade, a positive signal for short-term structure. Should this trend continue, OP could challenge the resistance range of $0.70–$0.72, which was last tested in late July.

OP’s market capitalization sits at $1.17 billion, with 1.75 billion tokens in circulation. These figures support liquidity and trading activity levels necessary to maintain such momentum, assuming sentiment remains stable.

OP Holds $0.66 Support as Momentum Builds

At the time of writing, Optimism was priced at $0.669, having gained 1.98% during the day. The RSI stands at 47.93, marginally below the RSI-based moving average of 53.46. This places OP in neutral territory, with momentum leaning slightly toward oversold conditions. The RSI trend has been descending since mid-July, although the recent upward flicker may suggest renewed demand.

Source: TradingView

The 24-hour volume data also supports this tentative rebound. OP’s volume reached $106.6 million as of August 4, 2025, up from $101.7 million earlier in the day. This steady rise, coupled with higher lows in price, hints at accumulating interest rather than speculation. Daily market cap hovered around $1.17 billion, with a circulating supply of 1.75 billion tokens, keeping OP within the top 100 assets.

For bulls to sustain this reversal attempt, price action must hold above $0.66 and push beyond $0.70 in the coming sessions. A sustained move above this threshold, supported by rising volume and an RSI crossing 55, could set up a retest of the $0.72 resistance level observed in late July. However, a breakdown below $0.64 could reignite the prior bearish wave and retest the $0.55 entry zone noted by chart analysts.