Optimism (OP) Breaks Key Resistance: Is a Major Rally Starting?

The price of Optimism (OP) has jumped more than 30%, the past three days. After months of sliding down, OP is finally showing signs of strength.

The price of Optimism (OP) has soared more than 30% in the past three days. After months of sliding down, the token is finally showing signs of strength. And if the current breakout holds, a much larger rally might be just around the corner.

Let’s take a closer look at what the chart is telling us.

According to a chart posted by World of Charts, OP had been stuck in a downtrend since December 2024. Every attempt to move higher was stopped by the same descending resistance line.

However, this time it seems that this resistance is finally giving way. In the latest 12-hour candle, OP broke above this long-standing trendline. This move is important because it’s the first time in months that bulls managed to push past this key level. The breakout candle is also nice and shows that buyers are stepping in with strength.

Currently, the OP price is trading at around $0.81. Just a few days ago, it was sitting closer to $0.63. This bounce not only breaks the downtrend but also forms a higher low, which can be a strong sign of a trend reversal.

Could Optimism Price Revisit Previous Highs?

In the post, World of Charts stated that OP is “finally getting ready for massive recovery” and that this breakout “can lead to solid recovery in midterm.”

If you look at the chart they shared, there’s also a reference to a previous rally where the OP price climbed over 110%. That run took the token from about $0.68 all the way to $1.43. While there’s no exact target mentioned this time, the implication is clear. If OP follows a similar path, there’s room to move.

The big question now is whether the price can stay above the broken trendline. If it does, that level could flip into strong support and help fuel more upside.

For now, the Optimism price is finally showing signs of life again. And if the momentum continues, the OP token could be setting up for a strong midterm rally.