Optimism's price consolidation phase continues, with key levels at $0.74 support and $0.80 resistance being closely watched for directional cues.Short-term bearish momentum seen as Optimism forms lower highs and lower lows, reflecting recent retracement.Market participants await confirmation of bullish continuation with a breakout above $0.80, supported by volume and open interest growth.Technical indicators suggest a cautious outlook for Optimism's price prediction, with weekly trends reflecting neutral-to-bearish momentum.