Optimism (OP) is standing at a critical crossroads after a long and steady downtrend that has persisted since mid-2024.
Price is now testing the major support zone between 0.405–0.476 (yellow block) — a historical demand area that once marked the beginning of a major rally in the past.
The deep wick below this area indicates a liquidity sweep, suggesting that larger players may have flushed out retail stop-losses before positioning for the next major move.
This zone is not just a number — it represents the psychological line between capitulation and accumulation.
While the macro structure still shows lower highs and lower lows, the reaction in this support range will determine whether a mid-term reversal can begin or if the macro downtrend continues.
---
Pattern & Structure Analysis
Main trend: Bearish, with continuous lower highs and lower lows.
Yellow block (0.405–0.476): Key historical demand zone that previously triggered strong accumulation.
Long wick below: Possible false breakdown or stop hunt, indicating liquidity absorption.
Potential setup: Early formation of a double-bottom pattern if price holds above 0.405 and reclaims higher resistance.
---
Bullish Scenario
If price strongly bounces from 0.405–0.476 and successfully closes above 0.6399 (5D timeframe), it could confirm the start of a mid-term reversal.
Initial target: 0.8754
Next target: 1.1797
Bullish confirmation: 5D close above 0.6399 with rising volume.
Invalidation: 5D close below 0.405.
This zone offers potential accumulation for swing traders, but confirmation from volume and structure is essential before committing.
---
Bearish Scenario
If OP fails to hold 0.405 and closes below this support zone, the bearish momentum will likely accelerate.
First target: 0.23 (previous liquidity sweep low).
Bearish confirmation: 5D close below 0.405 with strong selling volume.
Invalidation: 5D reclaim above 0.6399.
A clean breakdown would confirm a continuation of the macro downtrend, signaling a deeper capitulation phase.
---
Market Narrative
The 0.405–0.476 zone is where buyers and sellers face their final test.
This is the battlefield between smart money accumulation and bearish momentum exhaustion.
A strong bullish reaction here could indicate that smart money is stepping in, while a failure to hold could lead to the final flush before a long consolidation phase.
This is the zone that will define whether OP finds its true bottom or enters another leg down.
---
Technical Summary
Support zone: 0.405–0.476
Nearest resistance: 0.6399
Bullish targets: 0.8754 → 1.1797
Bearish target: 0.23
Main trend: Bearish
Timeframe: 5D (mid-term outlook)
---
#OP #Optimism #OPUSDT #CryptoAnalysis #TechnicalAnalysis #PriceAction #SupportAndResistance #CryptoTrading #MarketStructure #SupplyDemand #CryptoOutlook #BullishScenario #BearishScenario #AltcoinAnalysis
Price is now testing the major support zone between 0.405–0.476 (yellow block) — a historical demand area that once marked the beginning of a major rally in the past.
The deep wick below this area indicates a liquidity sweep, suggesting that larger players may have flushed out retail stop-losses before positioning for the next major move.
This zone is not just a number — it represents the psychological line between capitulation and accumulation.
While the macro structure still shows lower highs and lower lows, the reaction in this support range will determine whether a mid-term reversal can begin or if the macro downtrend continues.
---
Pattern & Structure Analysis
Main trend: Bearish, with continuous lower highs and lower lows.
Yellow block (0.405–0.476): Key historical demand zone that previously triggered strong accumulation.
Long wick below: Possible false breakdown or stop hunt, indicating liquidity absorption.
Potential setup: Early formation of a double-bottom pattern if price holds above 0.405 and reclaims higher resistance.
---
Bullish Scenario
If price strongly bounces from 0.405–0.476 and successfully closes above 0.6399 (5D timeframe), it could confirm the start of a mid-term reversal.
Initial target: 0.8754
Next target: 1.1797
Bullish confirmation: 5D close above 0.6399 with rising volume.
Invalidation: 5D close below 0.405.
This zone offers potential accumulation for swing traders, but confirmation from volume and structure is essential before committing.
---
Bearish Scenario
If OP fails to hold 0.405 and closes below this support zone, the bearish momentum will likely accelerate.
First target: 0.23 (previous liquidity sweep low).
Bearish confirmation: 5D close below 0.405 with strong selling volume.
Invalidation: 5D reclaim above 0.6399.
A clean breakdown would confirm a continuation of the macro downtrend, signaling a deeper capitulation phase.
---
Market Narrative
The 0.405–0.476 zone is where buyers and sellers face their final test.
This is the battlefield between smart money accumulation and bearish momentum exhaustion.
A strong bullish reaction here could indicate that smart money is stepping in, while a failure to hold could lead to the final flush before a long consolidation phase.
This is the zone that will define whether OP finds its true bottom or enters another leg down.
---
Technical Summary
Support zone: 0.405–0.476
Nearest resistance: 0.6399
Bullish targets: 0.8754 → 1.1797
Bearish target: 0.23
Main trend: Bearish
Timeframe: 5D (mid-term outlook)
---
#OP #Optimism #OPUSDT #CryptoAnalysis #TechnicalAnalysis #PriceAction #SupportAndResistance #CryptoTrading #MarketStructure #SupplyDemand #CryptoOutlook #BullishScenario #BearishScenario #AltcoinAnalysis
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.