Fun

Optimism Flickers At $0.553: A Recovery Or A Pause The Decline?

News Feed - 2025-06-26 01:06:01

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.


Crypto Man MAB, in his latest analysison X, pointed out that Optimism(OP) is now priced at $0.553, showing a mild increase of +0.004 (+0.73%) within the last four hours. While the short-term movement is slightly positive, he emphasized that the overall trend has been bearish since the asset peaked near $0.75, marking a clear phase of correction in the market. Trend And Volume Analysis OF Optimism (PO)


Delving into the trend, Crypto Man MAB observed that the asset’s short-term trend is leaning bearish. Over the past 24 hours, the price of OPhas declined from a high of $0.564 to a low of $0.483, forming a downward trajectory. He noted that the longer-term outlook reinforces this sentiment, as the asset has dropped by a steep 71.02% over the last 180 days, clearly signaling sustained downward pressure. Related Reading Aave Address Count On Optimism Rapidly Growing, Will Price Rise To New 13-Month High? 8 months ago


Turning attention to volume behavior, Crypto Man MAB emphasized the significance of recent spikes in OP’s trading volume, particularly during the sharp price decline . He explained that this increase in volume often indicates heightened market participation, most likely driven by panic selling or stop-loss triggers. The volume surge during this dip suggests that the bears are still active and in control. OP bulls pushing prices higher | Source: Crypto Man MAB on X


In his analysis, Crypto Man MAB further mentioned that the Volume SMA reflects periodic surges, with the most recent peak aligning with the downward movement in price. This alignment between rising volume and falling price often reflects a strong bearish sentiment, reinforcing the downward pressure seen on the chart. Support, Resistance, And Indicators


Examining OP’s support and resistance levels, the analystpoints out that the current price is trading near $0.483. This zone could act as a potential support if selling pressure begins to slow, offering a chance for a temporary stabilization or bounce. However, a sustained break below this level might signal further downside in the near term. Related Reading Optimism (OP) Faces Potential Decline To $1.80 — Analyst 7 months ago


On the flip side, the nearest resistance lies around $0.564, which represents the 24-hour high. If the price attempts a recovery, this level will likely serve as the first barrier to overcome. A successful move above it could signal improving sentiment, though further confirmation would be needed to shift the short-term bias away from bearish.


Looking at the chart patterns, recent candlesticks show a mix of bullish and bearish activity, but the red candles have been more dominant. This pattern reinforces the ongoing downward momentum, indicating that sellers still have control. Until there is a visible shift in momentum, the overall tone remains cautious despite pockets of potential support. OP trading at $0.55 on the 1D chart | Source: OPUSDT on Tradingview.com Featured image from YouTube, chart from Tradingview.com

News Feed

SUI Price Soars Despite Overbought RSI – Can The Rally Sustain?
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Amaka Nwaokocha48 minutes agoPro-XRP lawyer claims SEC prioritizes corporate capitalism over investorsJohn Deaton believes the unequal treatment raises concerns about the regulatory body’s effectiveness and fairness, a
NEXT.Chain, the Next DeFi Powerhouse to Host Its Liquidity Sale Event From the 24th of February
NEXT.Chain, the Next DeFi Powerhouse to Host Its Liquidity Sale Event From the 24th of February press release PRESS RELEASE. While Ethereum has given way to a bra
Binance to Open Beijing Office Amid China’s Renewed Blockchain Push
Malta-based cryptocurrency exchange Binance is opening an office in Beijing, two sources with knowledge of the matter told CoinDesk. The new outpost will join Binance’s current mainland China office in Shanghai.
Crypto PACs are spending big on US elections — What it means for the industry
Robert D. Knight10 hours agoCrypto PACs are spending big on US elections — What it means for the industryPolitical action committees supporting the cryptocurrency industry are raising hundreds of millions of dollars.66
Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course
Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course The rollercoaster-ride in cryptocurrency prices on Monday was accompanied
Tom Mitchelhill9 hours agoEthereum surges 11% after report SEC is set to approve Futures ETFThe United States Securities and Exchange Commission isn"t likely to block the debut of Ethereum futures ETFs, according to sour
Zhiyuan Sun6 hours agoHKEX-listed tech firm launches $15M Bitcoin fund“The next step for the crypto market depends on a refresh of the Bitcoin network,” wrote founder Wang Feng.5103 Total views30 Total sharesListen t
US Secret Service Has Seized Cryptocurrency Worth Over $102 Million in 254 Fraud Cases
US Secret Service Has Seized Cryptocurrency Worth Over $102 Million in 254 Fraud Cases The U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-r
William Suberg10 hours agoBitcoin faces ‘ton’ of resistance after daily BTC price gains pass 5%BTC price strength improves after a trip to three-month lows, but Bitcoin bulls have multiple hurdles to clear.2962 Total
Multichain Bitcoin․com Wallet Now Supports Avalanche (AVAX)
Multichain Bitcoin․com Wallet Now Supports Avalanche (AVAX) press release Bitcoin.comhas added support for the smart contract platform Avalanche to its self-custodial web3 wallet.
Gareth Jenkinson9 hours agoBoba Guys, Shopify users showcase adoption of Web3 tools — Solana BreakpointMainstream commerce and big brands report improved business results and promising loyalty programs through integrat