Optimism's OP token has a 70% chance of hitting $0.11 by May 31, according to technical analysis that reveals bearish control over the market and aggressive selling dominating order flow. The prediction comes as sellers continue to push prices lower, with no signs of a reversal in the short term.
Bearish Sentiment Dominates
Bears have taken firm control of the OP market, with sell orders overwhelming buy orders across trading platforms. The aggressive selling pressure has driven the token into a downtrend, and technical indicators suggest the slide is far from over.
Price Target in Sight
The $0.11 level is seen as a realistic near-term target given the current momentum. While some traders may hope for a bounce, the probability calculation — 70% — implies the path of least resistance remains downward. The May 31 deadline gives sellers just over two weeks to push the price there.
What's Driving the Selling
No single event triggered the sell-off. Rather, a persistent imbalance between supply and demand has kept the token under pressure. Order book data shows large sell walls stacking up at key resistance levels, making any attempted recovery short-lived.
The next few days will be critical. If the price approaches $0.11 ahead of schedule, it could attract buyers looking for a bargain — but until the selling pressure eases, the bears remain in charge.
