Resistance

Optimism

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>OP crypto is trading above the key moving averages showcasing bullishness in a 4-hour time frame.</a> </li> 
 <li> <span>2</span> <a>Optimism crypto price is trading in a bullish territory.</a> </li> 
</ul> 
<p>Optimism price prediction suggests that OP crypto is presently moving on an uptrend after breaking out of the bearish stronghold. The price is trading above the critical EMAs on the daily timeframe. The volume is seeing a slight decline which indicates that there is a fall in buying and selling activity.</p> 
<p>If the price gains buyers’ support at the present level, it can see a surge in the next few weeks whereas the immediate support level for the OP crypto is $1.158. The price movements are relevantly more stable for OP crypto than other major cryptocurrencies.</p> 
<p>The buyers have an adequate probability of attaining the expected target if they are able to sustain the price above the 200 EMA which would put the anticipated outcomes in the bulls’ favor.</p> 
<p>The present value of OP is $1.318 and it has a market capitalization of around $1.16 Billion (press time)</p> 
<p>Optimism price has been trading in a bullish trend for the past few months. After making a breakout, OP crypto price has been finding consistent support from the bulls from the trendline. Observing the historical price action, it can be estimated that the 200 EMA level has been acting as a crucial supply zone.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-of-optimism-crypto-price-in-1-d-timeframe-strong"><strong>Technical Analysis of Optimism Crypto Price in 1-D Timeframe</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1272" height="577" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-663.png" alt="OP Crypto: Optimism Crypto Is In Bullish Grasp; What's Next?" class="wp-image-177738" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-663.png 1272w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-663-300x136.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-663-1024x465.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-663-768x348.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-663-750x340.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/10/image-663-1140x517.png 1140w" sizes="(max-width: 1272px) 100vw, 1272px">
  <figcaption class="wp-element-caption">
   Source: Optimism.1D.USD by TradingView
  </figcaption>
 </figure>
</div> 
<p>Optimism (USD: OP) has steadily seen its crypto price rise 1.85% in the last month. Currently, OP crypto is trading at $1.316 and has been trying to hold on to this level after an unexpected surge in price.</p> 
<p>If it can keep this level, the Optimism price could continue to go up and reach the first and second targets of $1.480 and $1.600. However, if the OP price cannot maintain this level and falls, then it might hit the closest support levels of $1.160 and $0.884.</p> 
<p>Currently, Optimism crypto (USD: OP) is trading above the 50 and 200-day SMAs (simple moving averages), which are supporting the price momentum.&nbsp;</p> 
<p>However, if buying volume adds up, then the price might support bullish momentum by making higher highs and new highs. Hence, the Optimism price is expected to move upward giving bullish views over the daily time frame chart.</p> 
<p>The current value of RSI is 53.057. The 14 SMA is above the median line at 65.88 points, indicating that the Optimism crypto is bullish.</p> 
<p>The MACD line at -0.013 and the signal line at -0.027 are heading towards the zero line. A bullish crossover is observed in the MACD indicator which signals strength in the momentum of the OP <a href="https://www.thecoinrepublic.com/2023/10/14/optimism-price-prediction-op-crypto-inside-an-interesting-range/" target="_blank" rel="noreferrer noopener">crypto </a>price.</p> 
<h4 class="wp-block-heading"><strong>Summary</strong></h4> 
<p>Optimism (USD: OP) technical oscillators support the bullish trend. The MACD, RSI, and EMA emphasize positive signs and imply that the uptrend may continue in the OP crypto price. Price action suggests that the investors and traders are bullish on the 1-Day time frame. The price action reflects a bullish perspective at the moment. However, Investors and traders should wait for proper setup for the next move and avoid FOMO.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p>Support Levels: $1.160 and $0.884.</p> 
<p>Resistance Levels: $1.480 and $1.600.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your own research before making any financial decisions</p>

OP Crypto: Optimism Crypto Is In Bullish Grasp; What’s Next?

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