Optimism Price Prediction: OP Targets $0.95 After Breakout and Bullish Structure Shift

Optimism (OP) has recently shown renewed strength across multiple timeframes, signaling a possible continuation of its mid-July recovery. The token has broken out of a long-term downtrend and is now consolidating above key support levels.

Price action remains aligned with bullish momentum, supported by volume stability and key technical indicators. At the time of writing, OP trades at $0.726, maintaining structure above its recent breakout zone.

Breakout Above Downtrend Line Reinforces Structural Shift

The OP/USDT daily chart highlights a confirmed breakout from a descending trendline that had restrained price action since December 2024. This resistance level was tested multiple times throughout Q1 and Q2 of 2025, with no successful breach until mid-July.

The breakout move also coincided with a reclaim of the 50-day simple moving average, currently positioned around $0.618. This confluence of technical shifts suggests a meaningful change in market sentiment and directional bias.

Source: X

The chart also reveals that OP has cleared previous resistance levels at $0.647 and $0.706, which are now acting as support. The current trend forms a rising channel, with price attempting to build momentum toward the next resistance targets at $0.764, $0.848, and ultimately $0.954. Indicators such as the MACD and RSI confirm this momentum.

MACD lines are now positioned for a bullish continuation, while the RSI near 65 suggests room for upside before entering overbought conditions.

24-Hour Market Activity Shows Steady Accumulation

During the last 24-hour trading cycle, OP recorded a gain of 0.89%, closing near $0.73. The session began at approximately $0.715 and showed a steady incline through the day, peaking near $0.738 before a minor correction.

This price action demonstrated consistently higher lows and higher highs, often interpreted as an early sign of continuation. The pattern also supports the idea that buyers are gradually regaining control without introducing high volatility.

Source: BraveNewCoin

Trading volume for the period totaled around $129.2 million, reinforcing the notion of healthy engagement. Volume remained relatively stable during price movement, indicating broad-based accumulation rather than short-lived speculative activity.

The absence of erratic price swings further suggests that the current phase may be part of a controlled continuation setup. If OP can maintain support above $0.706 and revisit $0.738 resistance, technical momentum could align for a breakout toward $0.764.

RSI and Volume Suggest Consolidation May Precede Breakout

At the time of writing, OP is trading at $0.726 with 24-hour volume near 11.7 million, down from peak trading activity observed earlier in July. The reduction in volume during the current consolidation phase suggests a market cooling period rather than a trend reversal.

Price remains above the $0.70–$0.71 zone, and the lack of aggressive sell pressure supports the idea of a base formation.

Source: TradingView

The Relative Strength Index now reads 57.54, down from highs but still well above the neutral 50 threshold. The indicator remains below its moving average of 65.09, suggesting that a crossover could occur if price strength returns.

This setup points to a potential upside breakout if buying volume resurfaces. A move above $0.742 may validate the current trend, placing OP in a position to target the higher resistance bands of $0.848 and $0.954 if momentum holds.