- Optimism (OP) remains in a corrective phase, struggling to recover key resistance near $0.52.
- Market sentiment stays cautious with declining volume and mixed long/short positioning.
- OP price stability depends on holding short-term support around $0.39 in the coming sessions.
Optimism (OP) is at a medium selling pressure and is trading near the $0.40 level as investors evaluate the possibility of the token to regain important resistance points and stabilize after weeks of incessant weakness in both volume and price action.
Market Structure Shows Persistent Weakness
The chart shared by Crypto_Jobs TA & FA illustrates a bearish setup on the four-hour timeframe, showing Optimism (OP/USDT) confined within a descending triangle. Price recently failed to sustain above the $0.510–$0.520 range, a zone previously acting as strong high-timeframe support.
The current pattern continues to print lower highs and weak rebounds, suggesting limited buyer participation. Repeated rejections from descending resistance confirm that short-term sentiment remains controlled by sellers. The analyst noted that unless OP closes decisively above $0.52, the asset could face another downward push toward the projected $0.33–$0.34 area.
This technical formation indicates hesitation in market conviction. The yellow box on the analyst’s chart represents the potential continuation target derived from the descending triangle’s height, outlining possible lower liquidity zones if selling pressure extends.
Volume Decline and Neutral Long/Short Positioning
Market data shows OP trading at approximately $0.3985, down slightly over 24 hours. The volume reduced more than 26 percent to approximately $122.6 million with the slight variation in price indicating that the traders are turning cautious. A volumeto market cap ratio of 0.16 indicates that there is decreasing involvement which follows a market consolidation after long periods of drop.
Derivatives data provides a mixed picture. Retail traders maintain a mild long bias on Binance and OKX, while top traders remain more balanced. This divergence reflects tentative optimism among smaller accounts but limited confidence from professional participants. Liquidation figures remain low, indicating that leverage exposure in the market is relatively contained, lowering the risk of sharp intraday swings.
Meanwhile, OP’s market cap of $755.8 million and FDV of $1.71 billion show considerable circulating supply, which limits upside catalysts in the short term. Reduced speculative demand reinforces the idea that the market is waiting for confirmation before committing further liquidity.
Critical Levels to Watch and Investor Outlook
Immediate support is technically at approximately $0.39, whereas resistance is at about $0.405-$0.41. A continuation beyond that zone, with the help of increasing volume, would provide an early stabilization effort. Failure to maintain support would likely open the door toward the $0.36 and $0.33 regions.
The analyst urges patience, noting that declaring a bottom at current levels would be premature without clear structure reversal. Price behavior in the next few sessions around these zones will determine whether OP can form a sustainable base or extend its corrective leg.
Although it is weak, the fundamental project is currently in operation. The technical chart captures sentiment and not intrinsic value indicating that traders can distinguish between short-term volatility and long-term ecosystem expansion.
