Optimism Price Reclaims SMA and Builds Momentum Toward $0.95 Level

Optimism (OP) Price is gaining renewed bullish traction after reclaiming key technical levels and breaking out of a long-term descending trendline.

Currently trading near $0.72, the OP price has shown resilience with a 6% daily gain and sustained momentum above its 50-day simple moving average.

Analysts highlight a favorable setup, with OP forming higher lows and consolidating above reclaimed support. Short-term resistance is visible near $0.764 and $0.848, while strong buyer interest emerges around the $0.56–$0.57 support zone.

With trading volume exceeding $220 million and a market cap of $1.26 billion, Optimism’s recent breakout has captured significant attention. As momentum builds, analysts are closely watching for a possible continuation toward the $0.954 resistance zone.

Optimism Price Reclaims SMA and Builds Momentum Toward $0.95 Level

The price of Optimism (OP) has shown renewed strength after reclaiming a key technical indicator and breaking out of a descending trendline. At the time of writing, OP is trading around $0.72, reflecting continued interest from both traders and long-term holders. The asset has maintained a stable range following a recovery from recent lows, with short-term targets now extending toward the $0.95 resistance zone.

Recent analyst commentary points to a favorable market structure developing across multiple timeframes. The reclaim of the 50-day simple moving average (SMA), along with sustained price action above breakout levels, suggests further continuation may follow if current support levels hold.

Breakout From Trendline and Reclaim of SMA

Another analyst shared a daily chart showing Optimism breaking out of a long-standing descending trendline. The breakout was confirmed as OP price moved above the SMA, a commonly used technical benchmark that often supports upward movement when reclaimed. The SMA now acts as a dynamic support, helping the token maintain its current structure after a 38% rally from the entry region.

The chart also shows OP retesting this reclaimed level, with price currently holding above $0.71. The ability to maintain higher lows following a pullback supports the case for continued upward momentum. If this structure remains intact, short-term resistance levels at $0.764 and $0.848 may be approached before a larger move toward $0.954.

Key Resistance Levels and Fibonacci Marker

The chart posted by analyst CryptoChase shows OP/USDT approaching a key red resistance zone between $0.84 and $0.86, which aligns closely with the 0.786 Fibonacci retracement level. This zone has served as a rejection area in previous cycles. A push into this level would need strong volume confirmation to break through; otherwise, it may trigger short interest.

Source:X

CryptoChase emphasized the importance of price sequence in this setup. A rejection from the resistance before touching the $0.56–$0.57 support area would make risk-reward ratios less favorable for long entries. Conversely, a visit to the support first could reset market structure and attract new buy-side interest, enabling cleaner rotations upward through resistance zones.

Daily Performance and Market Statistics

According to the latest 24-hour chart data, Optimism Price closed at $0.72 with a 6.00% gain during the period. Optimism Price initially dipped to around $0.69 but was supported by consistent demand, lifting the token back above $0.72 later in the session. This steady climb reflects active trading and buyer engagement at lower price points.

Source: BraveNewCoin

Volume reached $220.12 million over the same timeframe, indicating continued participation from both institutional and retail segments. The absence of sharp volume declines suggests that momentum remains relatively stable. OP market cap stands at approximately $1.26 billion, with a circulating supply of 1.75 billion tokens.

Technical Momentum and Price Structure Outlook

Momentum indicators remain neutral, with the relative strength index (RSI) hovering around the 56 level. This positioning suggests that OP Price has room to advance further without entering overbought territory. The steady RSI supports potential short-term rallies, especially if volume continues to hold above average.

The broader outlook now centers around the $0.954 zone, which represents a previous resistance region visible on the daily timeframe. If OP Price maintains its current trend and reclaims nearby horizontal resistance levels, the path toward this higher target becomes technically viable. Optimism Price structure will remain under watch, especially around the SMA and retest zones, as traders assess the durability of the ongoing trend.