OP Smashes Through $0.85 Resistance—Traders Brace for Next Move

Optimism’s native token OP just punched through a critical $0.85 neckline—a technical breakout that’s got crypto traders scrambling. Here’s the playbook.

Why it matters: Neckline breaks often signal bullish reversals in chart patterns. OP’s 12% surge on the daily chart suggests momentum is building, but watch for fakeouts—this market loves to rug-pull the overeager.

Key levels to watch: A sustained hold above $0.85 could target $1.20 next. If it fails? Support lurks at $0.72—where bagholders start sweating.

Pro tip: Whale wallets have been accumulating since April. Either they know something, or they’re about to dump on retail (again).

One level to rule them all: OP’s $0.85 must stand

Initial indications from the MACD indicated a bullish crossover, a revelation that on the market, there was a continued buying force.

That said, $0.85 must hold to keep momentum alive.

Source: TradingView

If support at $0.85 did not hold, the price could retrace back to $0.78, the low established in the double bottom.

If prices dropped below $0.78, it WOULD raise a question on whether the reversal was correct and put OP in a position of further losses, even to $0.70.

So, OP’s immediate trend depends heavily on the $0.85 zone acting as firm support in the coming sessions.

Number of large transactions and holder profitability 

On-chain data from IntoTheBlock revealed that Large Transactions Volume peaked at 120.25 million OP in 24 hours.

Weekly volume ranged between 78.87 million and 229.36 million OP—an impressive $150 million spread.

The price surged past $0.85 and reached approximately $0.90, coinciding with increased trading volumes. This rise in activity suggests that large-scale investors played a significant role in driving the market upward.

Source: IntoTheBlock

If this trend continued, it might bring up more bullish enthusiasm.

However, if transaction volume were to decline, it could jeopardize the current trend. So far, the increase in transaction volume seems to be supporting the recent rise in OP’s price.

Half winning, half bleeding

Meanwhile, around $0.9026, 48.30% of Optimism holders made a profit while almost an equal percentage, 48.82%, continue to make losses.

Only 2.88% were at breakeven—an unusually narrow band that often leads to sudden directional moves.

The support cluster lies between $0.79–$0.82, while a red zone of resistance stands tall at $1.01–$1.04.

Source: IntoTheBlock

If OP continued to rise, it would face resistance between $1.01 and $1.04, where the large red cluster indicated substantial unprofitable positions lined up for liquidation.

The market’s structure suggested that OP may stabilize around its current bracket.

If the price were to rise above $0.93, it could induce an uptrend; and a further drop under $0.85 might bring another look at more serious support levels.