Is It Too Late to Buy OP? Optimism Price Prediction

Optimism (OP) has had quite a wild ride in 2025. After crashing down to around $0.52 in April, it bounced back fast, climbing close to $0.95.

Optimism (OP) has had quite a wild ride in 2025. After crashing down to around $0.52 in April, it bounced back quickly, rising to test the $0.95 resistance. However, the token faced rejection at this level and pulled back, currently trading at $0.8315, showing an increase of about 3.28% over the past 24 hours.

With trading volume soaring by over 15%, attention is turning back to OP. But is this just a temporary bounce, or is something bigger brewing in the background?

Optimism Chart Analysis: Long-Term Downtrend Still in Play

The Optimism chart reveals a long-term downtrend, with the token's peak in January 2025 reaching approximately $2.70. Afterward, it slid steadily, and the 200-day simple moving average (SMA), now at $1.383, has been decreasing, highlighting the bearish structure.

However, the recent price action offers some hope for bulls. After hitting its lowest point of the year at around $0.52, OP encountered strong bids, leading to a rapid rebound that tested resistance just below $1.00.

After failing to break through this level, the price pulled back again to the $0.83 zone, where it encountered fresh bids. This suggests that the current zone between $0.70 and $0.83 could act as a support base.

Moreover, short-term momentum has picked up, with daily indicators showing increasing buyer interest.

Optimism (OP) Chart Analysis: What the Indicators Are Telling Us

Five major indicators are displaying bullish signals:

These values indicate that bulls are beginning to regain control. However, the resistance zone between $0.95 and $1.00 has blocked the price twice in May, making it a crucial breakout level to watch.

Optimism (OP) Price Forecast

If OP manages to hold the $0.70 to $0.73 support and breaks above $1.00 with strong volume, it could aim for the $1.10 to $1.15 range next. A more bullish scenario could see it test the 200-day SMA at $1.38.

On the downside, failure to stay above $0.70 might lead to a retest of the $0.55 zone, and a breach below could open the door for new yearly lows.

Is It Too Late to Buy Optimism (OP)?

Not necessarily. While the token has already recovered from its lows, it's still trading below key resistance and a long way from its early 2025 highs.

This suggests that there might be room for further gains, especially if OP manages to confirm a trend reversal above the $1.00 mark. For now, the token remains in a wait-and-see zone, where both bulls and bears are battling it out.

Stay tuned for more crypto news and updates.