Optimism Price Eyes Recovery as Bulls Defend $0.50 Support
Brave New Coin
Optimism's price is currently struggling near $0.40, but some analysts see bullish potential linked to global liquidity, while others await a reclaim of the $0.510–$0.520 resistance.Summary
Optimism (OP) price action is currently bearish, trading at $0.40 after a 2.07% 24-hour decline, with selling pressure near $0.41 and support tested between $0.38–$0.39. Analysts present contrasting views on its recovery potential. Bull Bear Spot suggests a bullish correlation with the Global M2 Liquidity Index, implying that continued liquidity expansion could trigger a significant price pump. Conversely, Crypto_Jobs TA & FA warns that the technical structure remains fragile. This analyst stresses that bulls must decisively reclaim the $0.510–$0.520 range, which recently broke and now acts as critical resistance, to confirm any renewed strength and avoid a further sharp decline.
(Source：Brave New Coin)