OP is trading around $0.38-$0.39 USD, with recent 24-hour drops and a modest weekly performance.
According to technical indicators, OP is showing weak signal strength: on one platform, the daily summary is “Strong Sell” based on moving averages and RSI.
On the fundamentals side: OP benefits from its role as a key layer-2 solution for Ethereum, with ecosystem activities such as governance participation, grants and protocol adoption still in motion.
---
⚠️ Key support & resistance & outlook
Support: A near-term support zone appears to be around $0.37-$0.38 USD, with lower levels around ~$0.34 USD according to price-prediction models.
Resistance: Immediate resistance sits around $0.42-$0.43 USD, with higher hurdles toward ~$0.46 USD per one forecast.
Outlook:
Bullish scenario: If OP holds support and gains renewed momentum (e.g., via increase in layer-2 usage or major protocol upgrade), a break above ~$0.43 could open path toward ~$0.45+.
Bearish scenario: Given current weak technical cues, a failure to hold support could see OP drop toward ~$0.30-$0.33 in the near term. For example, one prediction projects a drop to ~$0.2896 by mid-November.
---
🎯 Bottom line
OP is currently in a cautious phase: while it holds solid fundamentals as part of the Ethereum scaling ecosystem, the price action is weak and under pressure. The ~$0.37-$0.38 support zone and ~$0.42 resistance zone are pivotal. If you’re watching OP, these levels and upcoming ecosystem catalysts (such as layer-2 adoption metrics or governance updates) will be key to monitor.
