The token has struggled to regain its footing above key resistance zones, with sellers firmly in control over the past few sessions. As of July 5, 2025, OP is trading near $0.535 after a sharp multi-day<\/p>\n

Daily Price Action Reflects Persistent Downtrend<\/h2>\n

The 24-hour chart from Brave New Coin<\/a> highlights a notable drop in OP’s value<\/a>, with the price falling from $0.5702 to $0.536\u2014marking a 6.65% decline. This sharp move occurred with minimal resistance from buyers, suggesting sustained bearish dominance.<\/p>\n

Trading remained within a narrow range of $0.52 to $0.54 toward the session\u2019s close, reflecting ongoing consolidation after the steep drop. This tight trading band indicates market participants are currently in a wait-and-see mode.<\/p>\n

<\/p>\n

Source: BraveNewCoin<\/a><\/p>\n

The trading volume during this period stood at $117.82 million, signaling moderate participation. Despite occasional rebounds, the lack of follow-through from buyers suggests low confidence in a near-term reversal. With the market cap declining to $939.2 million, sentiment around OP appears cautious. The continued inability to hold above the $0.56\u2013$0.57 zone reinforces the bearish tone and keeps the token below psychological resistance at $0.60.<\/p>\n

Price Structure Remains Weak on Higher Timeframes<\/h2>\n

On the daily OP\/USDT chart<\/a> from TradingView<\/a>, the asset has consistently posted lower highs and lower lows over recent months. Although the price has attempted to stabilize near $0.535, the broader structure still reflects a downward trajectory. The latest candles show narrow price movement within a $0.52\u2013$0.54 range, indicating indecision among market participants. This consolidation zone may precede a breakout, but no clear signal has yet emerged.<\/p>\n

<\/p>\n

Source: TradingView<\/a><\/p>\n

Momentum indicators suggest early signs of a potential recovery, though confirmation remains pending. The Relative Strength Index (RSI) is at 44.12, still below the neutral 50 level, indicating that bearish sentiment remains dominant. However, the RSI has moved above its moving average (43.39), suggesting a slight bullish divergence that could lead to a short-term rally. Price would need to breach $0.55 to initiate a meaningful shift in momentum.<\/p>\n

Volume, Open Interest, and Technical Indicators Signal Uncertainty<\/h2>\n

The OP\/USD <\/a>hourly chart reflects high volatility over the past few days. After reaching a peak near $0.62 around June 30, the token retraced sharply and bounced off $0.525 support. Price formed a descending pattern followed by a minor recovery near $0.536. The attempted rebound has met resistance below $0.56, with no decisive breakout in sight. Buyers remain hesitant, and the market lacks clear directional conviction.<\/p>\n

<\/p>\n

Source: Open Interest<\/a><\/p>\n

Open interest metrics<\/a> further support this uncertain outlook. Data show that open interest surged to 3.48 million during the rally to $0.62, but sharply declined during the sell-off, indicating position closures and a lower risk appetite.<\/p>\n

While OI has since stabilized, it has not recovered in a meaningful way, highlighting the cautious sentiment among traders. A rise in open interest paired with a price break above $0.58 would be needed to confirm a bullish trend. Until then, OP remains vulnerable<\/a> to continued range-bound movement or further downside.<\/p>\n","protected":false},"excerpt":{"rendered":"

Optimism (OP) continues to face downward pressure amid market uncertainty.<\/p>\n","protected":false},"author":1302,"featured_media":85743,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-88817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/88817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/users\/1302"}],"replies":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/comments?post=88817"}],"version-history":[{"count":1,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/88817\/revisions"}],"predecessor-version":[{"id":88822,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/posts\/88817\/revisions\/88822"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/media\/85743"}],"wp:attachment":[{"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/media?parent=88817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/categories?post=88817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bravenewcoin.com\/wp-json\/wp\/v2\/tags?post=88817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}