Optimism (OP) Price Prediction 2024, 2025, 2026-2030
Bullish OP price prediction for 2024 is $4.224 to $6.448.. Optimism (OP) price might reach $10 soon.. Bearish OP price prediction for 2024 is $1.985.. In this Optimism (OP) price prediction 2023, 2024-2030, we will analyze the price patterns of OP by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency.. TABLE OF CONTENTS. INTRODUCTION. Optimism (OP) Current Market Status. What is Optimism (OP)?. Optimism (OP) 24H Technicals. OPTIMISM (OP) PRICE PREDICTION 2024. Optimism (OP) Support and Resistance Levels. Optimism (OP) Price Prediction 2024 — RVOL, MA & RSI. Optimism (OP) Price Prediction 2024 — ADX, RVI. Comparison of OP with BTC, ETH. OPTIMISM (OP)PRICE PREDICTION 2025, 2026, 2027-2030. CONCLUSION. FAQ. Current Price $3.92. 24 – Hour Trading Volume $213,591,719. Market Cap $3,754,108,345. Circulating Supply 957,378,568 OP. All – Time Low $0.4005 (On Jun 19, 2022). OP Current Market Status (Source: CoinMarketCap). TICKEROP. BLOCKCHAINOptimism blockchain. CATEGORYPublic blockchain platform. LAUNCHED ONMay 2022. UTILITIESGovernance, Fast Transactions, gas fees & rewards. Optimism (OP) is a layer-two blockchain 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 Ethereum 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.. (Source: TradingView). Optimism (OP) ranks 28th 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.. OP/USDT Ascending Triangle Pattern (Source: TradingView). 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.. If the trend breakout at the resistance level, the price will continue to move up in this ascending triangle pattern.. At the time of analysis, Optimism (OP) was recorded at $3.92. If the pattern trend continues, then the price of OP might reach the resistance levels of $3.988 and $6.037. If the trend reverses, then the price of OP may fall to the support of $3.482, $2.991, and $2.623.. The chart given below elucidates the possible resistance and support levels of Optimism (OP) in 2024.. OP/USDT Resistance and Support Levels (Source: TradingView). From the above chart, we can analyze and identify the following as resistance and support levels of Optimism (OP) for 2024.. Resistance Level 1$4.224. Resistance Level 2$6.448. Support Level 1$2.948. Support Level 2$1.985. OP Resistance & Support Levels. 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.. OP/USDT RVOL, MA, RSI (Source: TradingView). From the readings on the chart above, we can make the following inferences regarding the current Optimism (OP) market in 2024.. INDICATORPURPOSEREADINGINFERENCE. 50-Day Moving Average (50MA)Nature of the current trend by comparing the average price over 50 days50 MA = $3.379Price = $3.846(50MA