Optimism Sets Stage for Major Rally From $0.67 With Targets Toward $2.16

Optimism is currently forming a strong base near the $0.67 level, with multiple technical signals suggesting a potential sustained rally to much higher price targets.

The token’s price action, combined with market data and expert analysis, reveals an actionable setup for traders and investors positioning for a bullish breakout. Key support zones and tiered profit objectives provide clear guidance for navigating the next phase of price movement.

Accumulation Zone Shows Potential to Fuel Next Rally

A recent analysis on X by AmBitcoin highlights an accumulation range for OP between $0.6172 and $0.6767. This zone has been tested repeatedly, establishing it as a critical support base where buyers are accumulating positions. The analyst emphasizes that the token remaining above this range supports a bullish outlook, increasing the likelihood of a breakout.

Source: X

The trading plan features several take-profit (TP) targets that ascend through $0.9456, $1.0881, $1.1665, $1.2853, $1.6880, and ultimately $2.1695. These targets are aligned with historical resistance areas and Fibonacci retracement levels, mapping a multi-stage rally path. Breaking the initial resistance near $0.9456 with strong volume would signal accelerated momentum toward higher price levels.

Risk management is a key component, with a stop-loss or invalidation point set at $0.5476, marking the threshold below which the bullish thesis would no longer be valid. Traders are advised to limit exposure to 3–5% of capital per trade, ensuring disciplined risk controls that protect against adverse moves.

Market Activity Highlights Critical Support Range

Market data from BraveNewCoin shows OP trading around $0.67 following a minor 2.68% pullback over 24 hours. With a market cap close to $1.19 billion and 24-hour trading volume near $191 million, liquidity remains sufficient to support dynamic price action. The coin circulating supply stands at 1.77 billion tokens, keeping supply-side factors relatively stable.

Source: BraveNewCon

Intraday price volatility is evident, with the token fluctuating between $0.65 and $0.71, underscoring the importance of the accumulation zone identified by AmBitcoin. The token’s repeated ability to rebound from lows around this range suggests strong demand and buyer interest.

While current sentiment is cautious due to recent softness, the broader technical setup continues to favor a mid-term bullish reversal, provided the token maintains key support zones.

Technical Indicators Reveal Support and Resistance Levels

On the other hand, the OP/USDT daily chart from TradingView demonstrates that the token is navigating a delicate juncture. Price is testing a descending trendline that has previously acted as resistance, while holding above a vital demand zone between $0.6860 and $0.6721.

Source: TradingView

Technical indicators paint a mixed picture. The Relative Strength Index (RSI) sits near 49, reflecting balance and indecision in the market without signs of overbought or oversold conditions.

Meanwhile, the Moving Average Convergence Divergence (MACD) shows a bearish signal with a negative value, indicating that bullish attempts currently lack the momentum needed to drive a strong breakout.