Optimism News: OP Struggles to Reclaim Key Support After Sharp Decline
Brave New Coin
Optimism (OP) is struggling to maintain support after a sharp decline, with analysts showing conflicting views on future price direction.Summary
The market structure for Optimism (OP) remains fragile following a sharp decline, with OP currently trading around $0.38, down 10.17% in 24 hours. Analysts present contrasting views: CryptoCondom maintains a strongly bearish outlook, citing a clear downtrend, lower highs, and significant resistance zones above the current price, suggesting continued depreciation unless OP reclaims levels above $0.42. Conversely, analyst Lil Ben identified a short-term bullish signal based on a liquidity sweep below prior lows, leading to an aggressive rebound that hit a target near $0.4244. For short-term bullish momentum to continue, OP must hold support above $0.3921; otherwise, renewed selling pressure is anticipated.
(Source：Brave New Coin)