The post OP Price Prediction: Oversold Conditions Signal Potential Recovery to $0.18 by March appeared on BitcoinEthereumNews.com.

Joerg Hiller
Feb 21, 2026 06:01

Optimism (OP) trades at $0.13 with RSI at 22.73 in oversold territory. Technical analysis suggests potential bounce to $0.14-$0.18 range, though bearish momentum persists amid challenging market co…

OP Price Prediction Summary • Short-term target (1 week): $0.14-$0.15 • Medium-term forecast (1 month): $0.16-$0.18 range• Bullish breakout level: $0.18 (SMA 20 resistance) • Critical support: $0.12 What Crypto Analysts Are Saying About Optimism While specific analyst predictions are limited in recent trading sessions, historical forecasts provide context for current market conditions. Felix Pinkston’s January 30, 2026 analysis targeted $0.35-$0.42 by February 2026, though current market dynamics have shifted significantly since that prediction. According to on-chain data from major trading platforms, Optimism has experienced substantial selling pressure, with the token trading well below key moving averages. The lack of fresh institutional commentary suggests market participants are awaiting clearer directional signals before establishing new positions. OP Technical Analysis Breakdown Current technical indicators paint a mixed picture for this OP price prediction. Trading at $0.13, Optimism sits precariously near the lower Bollinger Band at $0.13, with a %B position of -0.0135 indicating the token is testing critical support levels. The RSI reading of 22.73 places OP in deeply oversold territory, historically a level where bounce attempts often occur. However, momentum indicators tell a more complex story. The MACD line at -0.0317 remains aligned with its signal line, while the histogram at 0.0000 suggests bearish momentum may be stabilizing rather than accelerating. Moving average resistance creates significant overhead challenges for any Optimism forecast. The EMA 12 at $0.17 and EMA 26 at $0.20 represent immediate hurdles, while the SMA 20 at $0.18 serves as a critical breakout level. More concerning is the wide gap to the SMA 200 at $0.46,…

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Filed under: News - @ February 21, 2026 7:21 am