Joert Hiller
September 30, 2025 07:59
Optimism is traded at $ 0.66 after a significant 116 million token unlock that increased circulation supply with 6.89%, creating a downward momentum despite the sturdy open interest.
What happened
Optimism (OP) fell 1.60% in the last 24 hours to act at $ 0.66, so losses were extended after a large token -release event on 21 September that 116 million released in circulation on tokens. The unlocking increased the circulating range by 6.89% and led to a price drop of 11.82%, although it has since been stabilized around the current levels with open interest with a force of $ 150 million.
The details
The Token disclosure of 21 September this year represented one of the biggest increase in some delivery for optimism, which added a considerable sales pressure to the market. Despite concerns about dilution, the trade volume remained robust at $ 8.42 million in the last 24 hours, which indicates sustainable market participation. The price initially fell from around $ 0.79 to the current levels near $ 0.66, which represents a remarkable correction but showed signs of stabilization.
Market participants had expected the unlocking event, with a lot of positioning defensive prior to the release. The fact that at the top of the support level of $ 0.63 has been suggested, suggests some absorption of the extra offer, although the token remains under pressure from the raised float.
Technical response
From a technical perspective, under all important advancing averages, with the 20-day SMA at $ 0.74 that represents immediate resistance. The token is 10.5% below the SMA-20 and 6.2% below the 200-day advancing average at $ 0.71, which indicates broad weakness.
The RSI lecture of 40.6 suggests a neutral momentum instead of sold -up circumstances, while the MacD Bearish remains with a negative histogram of -0.0110. The most important support levels are clustered around $ 0.63, which held during the recent sales pressure. Resistance seems firm at $ 0.86- $ 0.88, levels that would require a considerable buying momentum to reclaim.
What traders do
Although the token creates unlocking headwind, open interest in futures has steadily remained at $ 150 million, suggesting that traders maintain positions instead of capitulation. This stability in derivatives markets indicates that although the sale of spot has occurred, leverage traders do not hurry to leave positions.
The Op/USDT pair has seen a consistent volume during the consolidation phase, in which buyers entered the $ 0.63 support zone. This price promotion suggests that institutional and private participants regard the current level as potentially attractive for accumulation, although cautious positioning remains clear.
What is the following
The immediate prospects for OPAG largely depends on whether the support level of $ 0.63 applies under continuous delivery pressure of the recent unlocking. A break below this level can focus on the next support zone, while each recovery should regain the resistance level of $ 0.74 that is represented by the 20-day advancing average.
Market participants will look forward to signing that the extra token stock has been completely absorbed, which can form a basis for price stabilization. The company -open interest rates suggest that a significant part of the sale has already occurred.
The collection meals
Op’s ability to maintain more than $ 0.63, despite the large token disposal pressure, the underlying demand shows, but traders must follow volume patterns on signs of real accumulation before they are positioned for a recovery.
For the latest on -price updates and optimism analysis, you must monitor important support and resistance levels.
Image source: Shutterstock
