The IUCN Red List conservation status of Opal-crowned Tanager is evaluated as Least Concern (BirdLife International 2014). It received this categorization due to its large estimated range (ca 1,480,000 km2), and, although population size has not been quantified, it has been described as uncommon and patchily distributed. Although there is evidence of population decline, it is not sufficient enough to classify as Vulnerable. Parker et al. (1996) considered this species of "medium" conservation priority relative to other Neotropical birds.