Optimism (OP) is catching the attention of traders again after a key price move that could signal a breakout. With the price holding above an important support zone and momentum starting to shift, there’s growing interest in what might come next. Crypto analyst Ahmed believes that if OP reclaims a specific level, the price could rise as much as 30%.
On the weekly chart, OP price is hovering just above the $0.76 level. This area has acted as strong support multiple times, in July 2022, early 2023, and now again in April 2025. Each time, the price has reacted positively, suggesting that buyers continue to step in at this zone.
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Historically, OP has seen strong rallies after consolidating near this support. The current pattern looks similar to past accumulation phases, hinting that buyers might be preparing for another move upward. Although the broader trend is still recovering, the recent price behavior shows early signs of a possible reversal. Traders are keeping a close eye on what happens next.
What you'll learn 👉
Optimism Short-Term Breakout Points to Momentum Shift
On the daily chart, OP price recently broke out from a local downtrend that began in early March. Since mid-April, the asset has maintained higher lows, indicating a short-term bullish structure. The price is now approaching the $0.821 resistance level, which had previously acted as a support area before the breakdown.
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This zone is being closely monitored as a potential pivot. A confirmed breakout above $0.821 could open the door toward $0.987, which is the next key level based on historical price action. The path between these two zones lacks dense resistance, allowing for a swift move if volume supports the breakout.
Trade Setup Shared by Analyst Ahmed
According to Ahmed, Optimism price as reached an actionable technical level. In his recent tweet, he identified the $0.766 zone, aligned with both the monthly and quarterly opens, as a potential reentry area for long positions. The suggested trade involves entering on a pullback to this level, with a stop-loss below $0.676 and a price target of $0.987.
Ahmed noted that the $0.821 resistance is the nearest obstacle, and if the market reclaims it with momentum, the price may rally toward $0.98. His analysis is supported by the price structure visible on both weekly and daily timeframes, where bullish signals continue to emerge.
Moreover, market observers are awaiting confirmation of a breakout above $0.821. Should Optimism price secure this level, technical traders expect further upward movement, potentially resulting in a 30% increase. However, if the $0.766 support fails to hold during a retest, bullish momentum may stall.
Overall, the price movement of OP remains within a narrow range, but recent developments suggest that a larger move could be underway if buyers maintain control near the outlined levels.
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