Optimism and Worldcoin Stagnate in Price Compression as Traders Await Volatility Breakout

Market conditions for Optimism (OP) and Worldcoin (WLD) show signs of slowing volatility and cooling derivatives activity, with both tokens trading in tight ranges amid broader altcoin weakness. OP is currently priced at $0.33, with a market capitalization of $618,342,159 and a 24-hour trading volume of $40,766,257, ranking 131st globally. Similarly, WLD trades at $0.63, with a market cap of $1,495,847,473 and volume of $73,198,035, holding the 72nd position.

On the technical front, OP's 1-hour chart reveals a shift from aggressive selling to a choppy upward drift, but momentum has stalled in the $0.325–$0.330 zone. Open interest initially rose during the recovery but contracted again during consolidation, indicating reduced trader participation. The daily chart confirms a persistent downtrend since October, with MACD and Chaikin Money Flow (CMF) readings reflecting bearish momentum easing but not reversing. CMF remains negative, signaling ongoing capital outflows.

WLD exhibits parallel behavior, with price compressing into a sideways range after a recovery from lows around November 22. Open interest climbed during the rebound but slid from over 80 million to approximately 78.5 million as positions unwound. The daily chart shows a broad downtrend from early September's $2.20 peak, with MACD below zero and CMF at -0.17, highlighting net distribution and a lack of buyer conviction.

Both tokens face headwinds from macro factors, such as lower gas fees reducing demand for Layer-2 assets like OP, while WLD struggles with cooled sentiment despite its ambitious identity ecosystem. Traders are adopting a wait-and-see approach, with any potential breakout dependent on shifts in open interest or broader market cues.