Optimism Coin price action remains under pressure after repeated rejections within the $0.4566–$0.4582 resistance range, as highlighted by analysts from Finora AI.
The short-term technical outlook suggests that the asset continues to face downward momentum, with indicators pointing to an ongoing bearish phase unless buyers can reclaim key resistance levels.
Highlight Flags, Bearish Structure, and Supply Zone Rejections
In a recent update shared by Finora AI – Türkiye, the team noted that Optimism’s short-term market structure leans bearish as multiple indicators point downward. The analysis outlines that price action repeatedly failed to sustain movement above $0.4566–$0.4582, a well-defined supply zone that has triggered successive rejections.
Source: Finora AI (X)
According to the automated projection, if the coin performs a fake breakout within this range followed by a bearish formation such as an engulfing candle, pin bar, or break of structure (BOS) on the lower timeframes, the setup may favor short-term short entries. The outlined targets are $0.4502, $0.4475, and $0.4444.
Conversely, Finora AI mentions that if price action sweeps liquidity below $0.4475 and exhibits a bullish response through a reversal pattern like Quasimodo or OTE retracement, a short-term long entry could be viable, targeting $0.4524 and $0.4566, respectively. The analysis highlights clear stop-loss levels above $0.4614 for shorts and below $0.4444 for longs.
Market Data Shows Declining Momentum as Volume Weakens
Data from BraveNewCoin reveals that Optimism is trading at $0.44, down 3.95% over the last 24 hours. The network’s market capitalization stands at $827.74 million, ranking #124 globally, with a daily trading volume of $90.12 million and a circulating supply of 1.89 billion tokens.
Source: BraveNewCoin
While the token continues to maintain moderate liquidity, the persistent drop in trading volume since mid-October indicates a cooling of speculative interest. Market data also shows that most activity is concentrated between $0.43 and $0.46, suggesting that buyers are hesitant to accumulate aggressively amid broader market uncertainty.
TradingView Indicators Confirm Persistent Downtrend Signals
At the time of writing, OP/USDT is priced at $0.4355, with price movement exhibiting a muted recovery attempt following a steep decline earlier in October, according to TradingView data. The Relative Strength Index (RSI) currently stands at 35.51, while the RSI-based moving average is at 32.88, both indicating sustained bearish momentum. The oscillator remains below the neutral 50 level, indicating that selling pressure continues to dominate.
Source: TradingView
The MACD indicator further confirms this view, showing a main line reading of -0.0523 against a signal line of -0.0611, with the histogram printing a modest positive value of 0.0087 — suggesting that while short-term relief may occur, overall momentum remains negative. The price remains well below its 50-day moving average, reinforcing the view that any rebound from this region may struggle to sustain traction without a renewed volume influx.
