The price trajectory of Optimism (OP) is under scrutiny as analysts forecast potential gains reaching between $0.35 and $0.42 by February 2026. Current market conditions and technical indicators suggest a cautious yet optimistic outlook for this layer 2 solution.
In the short term, analysts anticipate OP could target a price of $0.32 within the next week. The medium-term forecast indicates that a breakout above $0.32 is crucial for confirming further bullish momentum. A bullish breakout level has been identified at $0.37, while the critical support holds at $0.28.
Recent commentary from analysts highlights mixed signals surrounding OP”s performance. On January 22, 2026, Rebeca Moen remarked that OP was trading at $0.31, with a neutral momentum reflected in its Relative Strength Index (RSI) at 46.69. Moen”s technical analysis suggests that if OP can breach the resistance at $0.32 within the next four weeks, it could pave the way for a price rally towards the $0.34-$0.37 range.
Adding to this analysis, Ted Hisokawa indicated on January 23, 2026, that despite current consolidation at $0.32, OP is poised to target the $0.37-$0.42 range if bullish momentum continues. Hisokawa emphasized the importance of breaking key resistance levels to confirm this upward trend.
Zach Anderson summarized the current state of OP on January 21, 2026, reiterating the short-term target of $0.32, the medium-term forecast of $0.35-$0.42, and the critical resistance and support levels. The consensus among these analysts indicates a cautiously optimistic sentiment as the market navigates through this period of consolidation.
From a technical perspective, OP is currently trading at $0.29, which is below its significant moving averages. The 20-day Simple Moving Average (SMA) stands at $0.32, representing immediate resistance. The RSI, currently at 43.82, suggests that OP is in a neutral zone, indicating that it is neither oversold nor overbought. Furthermore, the Moving Average Convergence Divergence (MACD) histogram at 0.0000 suggests that bearish momentum has stalled, potentially setting the stage for a reversal.
The position of OP within the Bollinger Bands shows it trading near the lower band at $0.28, with a %B position of 0.21 indicating it is situated in the lower portion of its recent trading range. Key support levels are established around $0.29, while resistance appears to cluster around $0.30-$0.31. The daily Average True Range (ATR) of $0.02 suggests moderate volatility, which could enable breakout attempts if accompanied by increased trading volume.
The bullish case for OP hinges on overcoming the $0.31-$0.32 resistance zone. Analysts note that successfully breaking through this level could ignite upward momentum towards the $0.34-$0.37 range, with extended targets reaching $0.42, provided that overall market conditions remain favorable. Confirmation of this bullish scenario would require sustained trading above the SMA 20 at $0.32 and a surge in trading volume beyond the current average of $3.38 million per day.
Conversely, the bearish scenario for OP”s price forecast involves a decline below the critical support level of $0.28. Such a move could expose OP to further downside risks, potentially testing psychological support around $0.25. Analysts highlight that the significant gap between current price levels and the 200-day SMA at $0.52 points to a longer-term downtrend that may necessitate substantial fundamental catalysts for a reversal.
In conclusion, the technical and analyst consensus suggests that Optimism has the potential to reach the $0.35-$0.42 range within the upcoming month, representing an upside potential of 20-45% from current levels. However, this projection is heavily reliant on breaking through key resistance levels around $0.32 and sustaining support above $0.28. Confidence in this forecast is moderate, estimated at approximately 60%. Traders are advised to closely monitor volume patterns and broader market sentiment for confirmation of the anticipated breakout scenario.
Disclaimer: Cryptocurrency price predictions are inherently speculative and subject to high volatility. This analysis is for informational purposes only and should not be construed as financial advice. Always conduct thorough research and consider your risk tolerance before making investment decisions.
