Base withdraws from Optimism, does OP still have a future?

News about Base’s withdrawal plan was announced immediately impacting the market. OP continuously dropped sharply from $0.14 to $0.12, losing 12% in value. This decline has stirred the community, with the biggest question being: Can Optimism overcome this difficult period? After examining detailed data, market sentiment is truly complex and worth considering.

When a withdrawal becomes a threat to revenue

The undeniable truth is that Base has become a valuable cash cow for the Optimism ecosystem. This network contributes the majority of profits to the project, and now with news of plans to withdraw from OP Stack, the impact will be significant. This situation is similar to a major company suddenly losing its most profitable business unit. The decline in core revenue sources was predictable, which is why investors are panic selling.

Sell orders are clearly accumulating near $0.13, creating strong downward pressure. The market is reflecting concerns about the long-term value sustainability of Optimism without its main revenue from Base.

Technical indicators tell a different story

However, a deep technical analysis paints a different picture. RSI has fallen below 30, into oversold territory—a clear signal that the price may be undervalued relative to the actual situation. MACD remains below zero, but interestingly, KDJ is beginning to show relatively positive golden cross signals.

The $0.12 level has formed a bottom three times, creating a strong psychological support. Even more importantly, network development activity has reached record highs—an interesting contradiction to the current selling pressure.

Layer2 ecosystem continues to develop

Layer2 professionals have shared a different perspective with me. They believe that Base’s withdrawal could actually benefit the long-term health of the Optimism ecosystem. “Base’s success proves that OP Stack technology is fully feasible. When other projects see this model, they will definitely want to build on OP Stack,” one friend said.

In fact, OP Stack is now becoming the flagship of Layer2, similar to Android OS in the two-layer network space. Base’s success has set a clear precedent, and there’s no reason other projects wouldn’t want to adopt it. But the market clearly hasn’t yet recognized this potential, still selling off due to short-term concerns.

Current assessment: Opportunities and risks

My judgment is that OP may continue to face selling pressure in the short term. After all, the revenue impact from Base’s withdrawal is entirely real and quantifiable. However, if you believe in the long-term value of Layer2 and the potential of OP Stack, the current price at $0.12 really opens up notable opportunities.

The $0.12 level is a critical point to watch closely. If the price holds this level, it could be the bottom of the current cycle. But if it breaks, the next support level would be around $0.11.

Short-term trading strategy

Buying opportunity: Currently, RSI is in oversold territory, and the $0.12 level has formed three local bottoms—these are signals worth testing with small volume. If the price stabilizes around this level, consider placing buy orders targeting near the resistance at $0.13. Set a stop-loss at $0.115 to ensure a favorable risk-reward ratio.

Breakout scenario: If the price strongly breaks above the $0.13 resistance with increased volume, watch for further upward potential. The next resistance is expected around $0.14, which is the previous local high.

Current data: As of the latest update (02/27/2026), OP is trading at $0.12 with a 24-hour change of +0.56%, indicating that capital flow is beginning to stabilize after the sell-off.