US Stocks Open Higher, Nasdaq Gains 0.2% Amid Cautious Optimism

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 06 2026

OP-1.741%

TIME-0.17999999%

Should l Buy OP?

Market Opening Performance: Major US indices opened higher, with the Nasdaq Composite gaining 0.2%, reflecting cautious optimism among investors regarding economic recovery and indicating market stability.
Corporate Earnings Resilience: Recent corporate earnings reports exceeded expectations, driving the S&P 500 up by 0.09%, which suggests strong fundamentals and helps bolster investor confidence.
Inflation Data Impact: December 2024 inflation data showed continued moderation, further supporting market expectations for Federal Reserve policy, encouraging positive investor participation.
Market Participation Dynamics: Opening trading volumes indicated balanced participation from both institutional and retail investors, suggesting stable market sentiment that could lay the groundwork for sustained growth in the future.

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Technical Analysis for OP

Technical Sentiment Analysis for Optimism (OP) As of , Optimism (OP) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for OP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, OP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Optimism (OP) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0498	0.104	0.156	0.21	0.262	0.316	0.368
Fibonacci	0.104	0.144	0.169	0.21	0.25	0.276	0.316

About OP

Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. That means transactions are trustlessly recorded on Optimism but ultimately secured on Ethereum.Optimism is one of the biggest scaling solutions for Ethereum with over $500 million in TVL. It is home to 97 protocols, the biggest being Synthetix (SNX), a derivatives exchange, Uniswap (UNI), a DEX, and Velodrome (VELO), an AMM. Users can begin their journey on Optimism by adding the chain on their Metamask and bridging tokens like ETH to the L2. On May 31, 2022, Optimism conducted a highly anticipated airdrop of its OP token.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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