The post OP Price Prediction: Oversold Bounce Targets $0.16 by March 2026 appeared on BitcoinEthereumNews.com.

Jessie A Ellis
Feb 23, 2026 14:05

OP trades at severely oversold RSI levels near $0.12 support, with technical indicators suggesting potential recovery bounce toward $0.16-$0.18 resistance zone within 4 weeks.

OP Price Prediction Summary • Short-term target (1 week): $0.14 • Medium-term forecast (1 month): $0.16-$0.18 range• Bullish breakout level: $0.19 • Critical support: $0.11 What Crypto Analysts Are Saying About Optimism While specific analyst predictions from recent days are limited, earlier February forecasts provide context for the current OP price prediction. According to blockchain.news, analyst Joerg Hiller noted on February 21st that “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.” This Optimism forecast aligns with current technical conditions, as OP continues to trade in severely oversold territory. Earlier in February, Iris Coleman had identified similar oversold conditions with RSI readings suggesting potential recovery momentum. According to on-chain data platforms, Layer 2 tokens like Optimism have shown resilience during broader market corrections, often experiencing sharp bounces from oversold levels. OP Technical Analysis Breakdown The current OP price prediction is heavily influenced by extreme oversold conditions across multiple timeframes. With RSI sitting at 20.41, Optimism has reached levels typically associated with capitulation selling and potential reversal points. The MACD histogram shows 0.0000, indicating bearish momentum may be stabilizing rather than accelerating lower. This flatlining could signal an approaching inflection point for the OP price prediction. Bollinger Bands analysis reveals OP trading at a %B position of 0.047, meaning the token sits extremely close to the lower band at $0.12. This positioning often precedes mean reversion moves toward the middle band at $0.17. Key moving averages paint a bearish picture with OP trading well below all major SMAs. The SMA 7…

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Filed under: News - @ February 24, 2026 2:28 am