Optimism Price Prediction: OP Holds Wedge Support as Buyers Monitor Breakout Setup
The post Optimism Price Prediction: OP Holds Wedge Support as Buyers Monitor Breakout Setup appeared on BitcoinEthereumNews.com.
Optimism coin continues to display narrow price movement while retaining its position near key technical support, leading to renewed discussion around whether the token may be preparing for a mid-term reversal. Recent market commentary highlights a developing falling wedge structure, traditionally viewed as a potential bullish continuation pattern if confirmed through a decisive breakout accompanied by sustained volume. Analyst Flags Falling Wedge Structure on Daily Chart In a recent post shared on X, market analyst Globe Of Crypto stated that OP is currently consolidating near the edge of a falling wedge pattern on the daily timeframe, a zone that has historically attracted speculative interest during extended corrective cycles. According to the analyst, a rebound scenario remains technically valid if the coin maintains structure above its immediate compression area, with a possible 100–120% upside projection outlined as a mid-term scenario rather than a short-term trigger. Source: X The shared chart illustrates the wedge resistance line gradually descending from the previous cycle high while price action continues to compress toward the apex. This type of structure typically requires confirmation through breakout candle closure supported by volume expansion, eliminating the risk of a false breakout. The analyst’s view remains conditional and does not imply directional certainty, instead presenting a structured scenario based on chart geometry and historical pattern behavior. Negative Daily Change While Liquidity Remains Healthy As of the latest BraveNewCoin update, OP is priced at $0.39, reflecting a -0.29% daily change, while its market capitalization stands at $735,286,883.00, and 24-hour trading volume sits at $147,387,593.00. The circulating supply is recorded at 1,896,570,907 OP, positioning Optimism at Rank 130 within the broader cryptocurrency market segment. Source: BraveNewCoin The price distribution chart shows intraday movement between $0.375 and $0.405, indicating continued tight volatility. Although price performance remains under neutral pressure, liquidity metrics, specifically volume…
Filed under: News - @ November 15, 2025 11:18 pm