Optimism Price Prediction Eyes Breakdown Toward $0.44 Before Bullish Rebound
The post Optimism Price Prediction Eyes Breakdown Toward $0.44 Before Bullish Rebound appeared on BitcoinEthereumNews.com. Optimism (OP) remains under pressure, with the token hovering near a key support level following several failed breakout attempts. Recent chart data indicates a consolidating structure within a bearish zone, suggesting limited buying strength. Momentum indicators reflect indecision, while price action continues to compress under critical resistance. Traders are now closely observing the $0.44–$0.47 area as a potential inflection point in OP’s broader market trajectory. Price Stalls Below Key Resistance After Breakout Failure On the OP/USDT daily chart, the asset trades near $0.54, below the well-defined resistance band between $0.573 and $0.652. This zone has consistently capped upside attempts, highlighting its importance as a major supply level. Analysis from Finora AI identifies this range as a high-probability reversal area, especially when tested with weakening bullish momentum. Recent price activity shows multiple failed rallies into this zone, reinforcing its role as a technical ceiling. Source: Chart by Finora Ai X Finora AI also outlines potential downside targets if rejection continues. A reversal from this resistance range could push OP toward previous support areas near $0.477 and $0.442. These levels have historically provided short-term relief and are being monitored as possible bounce points in the event of a breakdown. Indicators on lower timeframes, such as the 4-hour and 1-hour charts, may provide early confirmation through reversal candlestick patterns. Unless OP clears $0.652 with strong volume, the path of least resistance appears tilted downward in the short term. Market data over the past 24 hours indicates a subdued bullish effort. Based on Brave New Coin statistics, OP opened the session near $0.54 but closed at $0.536 after reaching a brief high just above $0.548. The inability to sustain gains during this period reflects ongoing selling pressure. The token recorded a daily loss of 2.18%, extending its recent underperformance against broader market moves. Source:…
The post Optimism Price Prediction Eyes Breakdown Toward $0.44 Before Bullish Rebound appeared on BitcoinEthereumNews.com.
Optimism (OP) remains under pressure, with the token hovering near a key support level following several failed breakout attempts. Recent chart data indicates a consolidating structure within a bearish zone, suggesting limited buying strength. Momentum indicators reflect indecision, while price action continues to compress under critical resistance. Traders are now closely observing the $0.44–$0.47 area as a potential inflection point in OP’s broader market trajectory. Price Stalls Below Key Resistance After Breakout Failure On the OP/USDT daily chart, the asset trades near $0.54, below the well-defined resistance band between $0.573 and $0.652. This zone has consistently capped upside attempts, highlighting its importance as a major supply level. Analysis from Finora AI identifies this range as a high-probability reversal area, especially when tested with weakening bullish momentum. Recent price activity shows multiple failed rallies into this zone, reinforcing its role as a technical ceiling. Source: Chart by Finora Ai X Finora AI also outlines potential downside targets if rejection continues. A reversal from this resistance range could push OP toward previous support areas near $0.477 and $0.442. These levels have historically provided short-term relief and are being monitored as possible bounce points in the event of a breakdown. Indicators on lower timeframes, such as the 4-hour and 1-hour charts, may provide early confirmation through reversal candlestick patterns. Unless OP clears $0.652 with strong volume, the path of least resistance appears tilted downward in the short term. Market data over the past 24 hours indicates a subdued bullish effort. Based on Brave New Coin statistics, OP opened the session near $0.54 but closed at $0.536 after reaching a brief high just above $0.548. The inability to sustain gains during this period reflects ongoing selling pressure. The token recorded a daily loss of 2.18%, extending its recent underperformance against broader market moves. Source:…
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