OP Price Prediction: $0.10 Is a Trap — Bears Are About to Spring It
The post OP Price Prediction: $0.10 Is a Trap — Bears Are About to Spring It appeared on BitcoinEthereumNews.com. Peter Zhang Jul 07, 2026 08:38 Optimism sits at $0.096 with a glaring divergence between crowded long positioning and real-time sell-side aggression — a classic setup for a liquidation cascade. Expect a test of $0.085 within day… Market Context: Why OP Is Where It Is That January CoinCodex call for OP at $0.23 aged like milk left in the sun. The token didn’t just miss that target — it cratered straight through it, trading at $0.096 this morning, more than 40% below what was supposed to be a floor. There is no macro catalyst driving this particular session lower; this is structural deterioration doing what structural deterioration does — it grinds, quietly, until it doesn’t. The context matters enormously here. OP trades roughly 40% below its 200-day SMA at $0.16. That’s not a token consolidating near a key level — that’s a token that got evicted from its o