Enjin Coin

Resistance

Optimism

Status

Time

<ul> 
 <li><strong>Bullish OP price prediction for 2024 is $1.988 to </strong><strong>$2.954</strong><strong>.</strong></li> 
 <li><strong>Optimism (OP) price might reach $5 soon.</strong></li> 
 <li><strong>Bearish OP price prediction for 2024 is </strong><strong>$0.752</strong><strong>.</strong></li> 
</ul> 
<p>In this Optimism (OP) <a href="https://thenewscrypto.com/markets/price-prediction/" target="_blank" rel="noreferrer noopener">price prediction</a> 2023, 2024-2030,&nbsp; we will analyze the price patterns of OP by using accurate trader-friendly technical analysis indicators and predict the future movement of the <a href="https://thenewscrypto.com/tag/cryptocurrency/" target="_blank" rel="noreferrer noopener">cryptocurrency</a>.&nbsp;</p> 
<figure class="wp-block-table aligncenter">
 <table>
  <tbody>
   <tr>
    <td><strong>
      <div align="center">
       TABLE OF CONTENTS
      </div></strong></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      INTRODUCTION
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Optimism (OP) Current Market Status</li>
      <li>What is Optimism (OP)?</li>
      <li>Optimism (OP) 24H Technicals</li>
     </ul></td>
   </tr>
   <tr>
    <td>
     <div align="center">
      OPTIMISM (OP) PRICE PREDICTION 2024
     </div></td>
   </tr>
   <tr>
    <td>
     <ul>
      <li>Optimism (OP) Support and Resistance Levels</li>
      <li>Optimism (OP) Price Prediction 2024 — RVOL, MA &amp; RSI</li>
      <li>Optimism (OP) Price Prediction 2024 — ADX, RVI</li>
      <li>Comparison of OP with BTC, ETH</li>
     </ul></td>
   </tr>
   <tr>
    <td>OPTIMISM (OP)PRICE PREDICTION 2025, 2026, 2027-2030</td>
   </tr>
   <tr>
    <td>CONCLUSION</td>
   </tr>
   <tr>
    <td>FAQ</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="h-optimism-op-current-market-status">Optimism (OP) Current Market Status</h2> 
<figure class="wp-block-table is-style-regular"> 
 <table> 
  <tbody style="box-shadow: 0px 2px 4px rgb(3 4 28 / 50%);"> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Current Price</td> 
    <td style="border: 1px solid #01557b;">$1.45</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">24 – Hour Price Change</td> 
    <td style="border: 1px solid #01557b;">5.51% Down</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">24 – Hour Trading Volume</td> 
    <td style="border: 1px solid #01557b;">$142,107,752</td> 
   </tr> 
   <tr> 
    <td style="border: 1px solid #01557b;">Market Cap</td> 
    <td style="border: 1px solid #01557b;">$1,719,030,728</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">Circulating Supply</td> 
    <td style="border: 1px solid #01557b;">1,187,596,466 OP</td> 
   </tr> 
   <tr>
    <td style="border: 1px solid #01557b;">All – Time High</td> 
    <td style="border: 1px solid #01557b;">$4.85 (On March 06, 2024) &nbsp;</td> 
   </tr> 
   <tr style="background-color: rgb(2 86 121 / 40%);"> 
    <td style="border: 1px solid #01557b;">All – Time Low</td> 
    <td style="border: 1px solid #01557b;">$0.4005 (On Jun 19, 2022) &nbsp;</td> 
   </tr> 
  </tbody> 
 </table> <em>
  <figcaption class="wp-element-caption" style="text-align: center;">
   OP Current Market Status (Source: <a href="https://coinmarketcap.com/currencies/optimism-ethereum/" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>)
  </figcaption></em> 
</figure> 
<h2 class="wp-block-heading" id="what-is-optimism-op">What is Optimism (OP)</h2> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>TICKER</strong></td>
    <td>OP</td>
   </tr>
   <tr>
    <td><strong>BLOCKCHAIN</strong></td>
    <td>Optimism blockchain</td>
   </tr>
   <tr>
    <td><strong>CATEGORY</strong></td>
    <td>Public blockchain platform</td>
   </tr>
   <tr>
    <td><strong>LAUNCHED ON</strong></td>
    <td>May 2022</td>
   </tr>
   <tr>
    <td><strong>UTILITIES</strong></td>
    <td>Governance, Fast Transactions, gas fees &amp; rewards</td>
   </tr>
  </tbody>
 </table>
</figure> 
<p>Optimism (OP) is a layer-two <a href="https://thenewscrypto.com/blockchain-news/">blockchain</a> on top of Ethereum. Optimism benefits from the security of the Ethereum mainnet and helps scale the Ethereum ecosystem by using optimistic rollups. It is one of the biggest scaling solutions for <a href="https://thenewscrypto.com/news/ethereum-news/">Ethereum</a> with over $300 million in TVL. Optimism is led by the Optimism Foundation, a nonprofit organization dedicated to growing the Optimism ecosystem. Furthermore, it aims for the minimum number of moving parts while building a layer-two solution for Ethereum. &nbsp;</p> 
<h2 class="wp-block-heading" id="optimism-24h-technicals">Optimism 24H Technicals</h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" width="1024" height="417" src="https://thenewscrypto.com/wp-content/uploads/2024/08/image-97-1024x417.png" alt="" class="wp-image-106602" srcset="https://thenewscrypto.com/wp-content/uploads/2024/08/image-97-1024x417.png 1024w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-97-300x122.png 300w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-97-768x313.png 768w, https://thenewscrypto.com/wp-content/uploads/2024/08/image-97.png 1266w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   <em>(Source: </em><a href="https://www.tradingview.com/symbols/OPUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<h2 class="wp-block-heading" id="optimism-op-price-prediction-2024">Optimism (OP) Price Prediction 2024</h2> 
<p>Optimism (OP) ranks 48th on CoinMarketCap in terms of its market capitalization. The overview of the Optimism price prediction for 2024 is explained below with a daily time frame.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/VaH6L8bt/" alt="">
  <figcaption class="wp-element-caption">
   <em>OP/USDT Ascending Triangle Pattern (Source: </em><a href="https://www.tradingview.com/symbols/OPUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>In the above chart, Optimism (OP) laid out an ascending triangle pattern. The ascending triangle is a characteristic pattern of an ongoing bullish trend. This triangle is formed by a horizontal upper trendline that connects the highs and a lower trendline that connects the rising lows.&nbsp;</p> 
<p>If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.</p> 
<p>At the time of analysis, Optimism (OP) was recorded at $1.505. If the pattern trend continues, then the price of OP might reach the resistance levels of $1.647 and $2.496. If the trend reverses, then the price of OP may fall to the support of $1.245 and $1.078.</p> 
<h2 class="wp-block-heading" id="optimism-op-resistance-and-support-levels">Optimism (OP) Resistance and Support Levels</h2> 
<p>The chart given below elucidates the possible resistance and support levels of Optimism (OP) in 2024.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/1ijMyzzB/" alt="">
  <figcaption class="wp-element-caption">
   <em><em>OP/USDT Resistance and Support Levels (Source: </em><a href="https://www.tradingview.com/symbols/OPUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em></em>
  </figcaption>
 </figure>
</div> 
<p>From the above chart, we can analyze and identify the following as resistance and support levels of Optimism (OP) for 2024.</p> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td>Resistance Level 1</td>
    <td>$1.988</td>
   </tr>
   <tr>
    <td>Resistance Level 2</td>
    <td>$2.954</td>
   </tr>
   <tr>
    <td>Support Level 1</td>
    <td>$1.162</td>
   </tr>
   <tr>
    <td>Support Level 2</td>
    <td>$0.752</td>
   </tr>
  </tbody>
 </table>
 <figcaption class="wp-element-caption">
  <em>OP Resistance &amp; Support Levels</em>
 </figcaption>
</figure> 
<h2 class="wp-block-heading" id="optimism-op-price-prediction-2024-rvol-ma-and-rsi">Optimism (OP) Price Prediction 2024 — RVOL, MA, and RSI</h2> 
<p>The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Bitcoin (OP) are shown in the chart below.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large is-resized">
  <img decoding="async" src="https://www.tradingview.com/x/Vv6PKihp/" alt="" style="width: 100%;height:auto">
  <figcaption class="wp-element-caption">
   <em>OP/USDT RVOL, MA, RSI (Source: </em><a href="https://www.tradingview.com/symbols/OPUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>From the readings on the chart above, we can make the following inferences regarding the current Optimism (OP) market in 2024.</p> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>50-Day Moving Average (50MA)</td>
    <td>Nature of the current trend by comparing the average price over 50 days</td>
    <td>50 MA = $1.570<br>Price = $1.514<br><em>(50MA &gt; Price)</em></td>
    <td>Bearish/Downtrend</td>
   </tr>
   <tr>
    <td>Relative Strength Index (RSI)</td>
    <td>Magnitude of price change;Analyzing oversold &amp; overbought conditions</td>
    <td>52.391<br><em>&lt;30 = Oversold<br>50-70 = Neutral</em><br><em>&gt;70 = Overbought</em></td>
    <td>Neutral</td>
   </tr>
   <tr>
    <td>Relative Volume (RVOL)</td>
    <td>Asset’s trading volume in relation to its recent average volumes</td>
    <td>Above cutoff line</td>
    <td>Strong volume</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="optimism-op-price-prediction-2024-adx-rvi">Optimism (OP) Price Prediction 2024 — ADX, RVI</h2> 
<p>In the below chart, we analyze the strength and volatility of Optimism (OP) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/A9M6K0MI/" alt="">
  <figcaption class="wp-element-caption">
   <em>OP/USDT ADX, RVI (Source: </em><a href="https://www.tradingview.com/symbols/OPUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>From the readings on the chart above, we can make the following inferences regarding the price momentum of Optimism (OP).</p> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>INDICATOR</strong></td>
    <td><strong>PURPOSE</strong></td>
    <td><strong>READING</strong></td>
    <td><strong>INFERENCE</strong></td>
   </tr>
   <tr>
    <td>Average Directional Index (ADX)</td>
    <td>Strength of the trend momentum</td>
    <td>27.796</td>
    <td>Weak Trend</td>
   </tr>
   <tr>
    <td>Relative Volatility Index (RVI)</td>
    <td>Volatility over a specific period</td>
    <td>43.77<br><br><em>&lt;50 = Low</em><em><br></em><em>&gt;50 = High</em></td>
    <td>Low volatility</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h2 class="wp-block-heading" id="comparison-of-op-with-btc-eth">Comparison of OP with BTC, ETH</h2> 
<p>Let us now compare the price movements of Optimism (OP) with that of Bitcoin (BTC), and Ethereum (ETH).</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" src="https://www.tradingview.com/x/rGt8RfOG/" alt="">
  <figcaption class="wp-element-caption">
   <em>BTC Vs ETH Vs OP Price Comparison (Source: </em><a href="https://www.tradingview.com/symbols/OPUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow"><em>TradingView</em></a><em>)</em>
  </figcaption>
 </figure>
</div> 
<p>From the above chart, we can interpret that the price action of OP is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of OP also increases or decreases respectively.</p> 
<h2 class="wp-block-heading" id="optimism-op-price-prediction-2024-2025-2030">Optimism (OP) Price Prediction 2024, 2025 – 2030</h2> 
<p>With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Optimism (OP) between&nbsp; 2025, 2026, 2027, 2028, 2029, and 2030.</p> 
<figure class="wp-block-table is-style-stripes">
 <table>
  <tbody>
   <tr>
    <td><strong>Year&nbsp;</strong></td>
    <td><strong>Bullish Price&nbsp;</strong></td>
    <td><strong>Bearish Price</strong></td>
   </tr>
   <tr>
    <td>Optimism (OP) Price Prediction 2025</td>
    <td>$7</td>
    <td>$1.5</td>
   </tr>
   <tr>
    <td>Optimism (OP) Price Prediction 2026</td>
    <td>$9.4</td>
    <td>$1.4</td>
   </tr>
   <tr>
    <td>Optimism (OP) Price Prediction 2027</td>
    <td>$4.2</td>
    <td>$1.3</td>
   </tr>
   <tr>
    <td>Optimism (OP) Price Prediction 2028</td>
    <td>$6.9</td>
    <td>$1.2</td>
   </tr>
   <tr>
    <td>Optimism (OP) Price Prediction 2029</td>
    <td>$10</td>
    <td>$1.1</td>
   </tr>
   <tr>
    <td>Optimism (OP) Price Prediction 2030</td>
    <td>$12</td>
    <td>$1</td>
   </tr>
  </tbody>
 </table>
</figure> 
<h3 class="wp-block-heading" id="conclusion">Conclusion</h3> 
<p>If Optimism (OP) establishes itself as a good investment in 2024, this year would be favorable to the cryptocurrency. In conclusion, the bullish Optimism (OP) price prediction for 2024 is $2.954. If unfavorable sentiment is triggered, the bearish Optimism (OP) price prediction for 2024 is $0.752.&nbsp;</p> 
<p>If the market momentum and investors’ sentiment positively elevate, then Optimism (OP) might hit $5. Furthermore, with future upgrades and advancements in the Optimism ecosystem, OP might surpass its current all-time high (ATH) of $4.57 and mark its new ATH.</p> 
<h2 class="wp-block-heading" id="faq">FAQ</h2> 
<h4 class="wp-block-heading">1. What is Optimism (OP)?</h4> 
<p>Optimism is a fast, stable, and scalable L2 blockchain designed by Ethereum developers for Ethereum developers.</p> 
<h4 class="wp-block-heading">2. Where can you buy Optimism (OP)?</h4> 
<p>Traders can trade Optimism (OP) on the following cryptocurrency exchanges such as Binance, WEEX, LBank, Bybit, and OKX.</p> 
<h4 class="wp-block-heading">3. Will Optimism (OP) record a new ATH soon?</h4> 
<p>With the ongoing developments and upgrades within the Optimism platform, Optimism (OP) has a high possibility of reaching its ATH soon.</p> 
<h4 class="wp-block-heading">4. What is the current all-time high (ATH) of Optimism (OP)?</h4> 
<p>Optimism (OP) hit its current all-time high (ATH) of $4.85 on March 06, 2024.</p> 
<h4 class="wp-block-heading">5. What is the lowest price of Optimism (OP)?</h4> 
<p>According to CoinMarketCap, OP hit its all-time low (ATL) of $0.4005 On June 19, 2022<strong>.</strong></p> 
<h4 class="wp-block-heading" id="h-6-will-optimism-op-hit-5">6. Will Optimism (OP) hit $5?</h4> 
<p>If Optimism (OP) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $5 soon.</p> 
<h4 class="wp-block-heading">7. What will be the Optimism (OP) price by 2025?</h4> 
<p>Optimism (OP) price might reach $12 by 2025.</p> 
<h4 class="wp-block-heading">8. What will be the Optimism (OP) price by 2026?</h4> 
<p>Optimism (OP) price might reach $14 by 2026.</p> 
<h4 class="wp-block-heading">9. What will be the Optimism (OP) price by 2027?</h4> 
<p>Optimism (OP) price might reach $16 by 2027.</p> 
<h4 class="wp-block-heading">10. What will be the Optimism (OP) price by 2028?</h4> 
<p>Optimism (OP) price might reach $18 by 2028.</p> 
<p><strong><br></strong><strong> Top Crypto Predictions</strong></p> 
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<p class="has-medium-font-size"><em><strong>Disclaimer: </strong>The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.</em></p>

Optimism (OP) Price Prediction 2024, 2025, 2026-2030

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