Tue, May 21

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

Optimism (OP) Price Prediction 2023, 2024, 2025-2030 Crypto Price Prediction
  • 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

Optimism (OP) Current Market Status

Current Price $2.36
24 – Hour Price Change 4.31% Down
24 – Hour Trading Volume $297,002,479
Market Cap $297,002,479
Circulating Supply 1,045,379,867 OP
All – Time High $4.85 (On March 06, 2024)  
All – Time Low $0.4005 (On Jun 19, 2022)  
OP Current Market Status (Source: CoinMarketCap)

What is Optimism (OP)

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.  

Optimism 24H Technicals

(Source: TradingView)

Optimism (OP) Price Prediction 2024

Optimism (OP) ranks 46th 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 $2.36. 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.

Optimism (OP) Resistance and Support Levels

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

Optimism (OP) Price Prediction 2024 — RVOL, MA, and RSI

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<Price)
Bullish/Uptrend
Relative Strength Index (RSI)Magnitude of price change;Analyzing oversold & overbought conditions61.918
<30 = Oversold
50-70 = Neutral>70 = Overbought
Neutral
Relative Volume (RVOL)Asset’s trading volume in relation to its recent average volumesBelow cutoff lineWeak volume

Optimism (OP) Price Prediction 2024 — ADX, RVI

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).

OP/USDT ADX, RVI (Source: TradingView)

From the readings on the chart above, we can make the following inferences regarding the price momentum of Optimism (OP).

INDICATORPURPOSEREADINGINFERENCE
Average Directional Index (ADX)Strength of the trend momentum25.469Strong Trend
Relative Volatility Index (RVI)Volatility over a specific period61.81

<50 = Low
>50 = High
High volatility

Comparison of OP with BTC, ETH

Let us now compare the price movements of Optimism (OP) with that of Bitcoin (BTC), and Ethereum (ETH).

BTC Vs ETH Vs OP Price Comparison (Source: TradingView)

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.

Optimism (OP) Price Prediction 2024, 2025 – 2030

With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Optimism (OP) between  2025, 2026, 2027, 2028, 2029, and 2030.

Year Bullish Price Bearish Price
Optimism (OP) Price Prediction 2025$12$1.5
Optimism (OP) Price Prediction 2026$14$1.4
Optimism (OP) Price Prediction 2027$16$1.3
Optimism (OP) Price Prediction 2028$18$1.2
Optimism (OP) Price Prediction 2029$20$1.1
Optimism (OP) Price Prediction 2030$22$1

Conclusion

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 $6.448. If unfavorable sentiment is triggered, the bearish Optimism (OP) price prediction for 2024 is $1.985. 

If the market momentum and investors’ sentiment positively elevate, then Optimism (OP) might hit $10. Furthermore, with future upgrades and advancements in the Optimism ecosystem, OP might surpass its current all-time high (ATH) of $4.85 and mark its new ATH. 

FAQ

1. What is Optimism (OP)?

Optimism is a fast, stable, and scalable L2 blockchain designed by Ethereum developers for Ethereum developers.

2. Where can you buy Optimism (OP)?

Traders can trade Optimism (OP) on the following cryptocurrency exchanges such as Binance, WEEX, LBank, Bybit, and OKX.

3. Will Optimism (OP) record a new ATH soon?

With the ongoing developments and upgrades within the Optimism platform, Optimism (OP) has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Optimism (OP)?

Optimism (OP) hit its current all-time high (ATH) of $4.85 on March 06, 2024.

5. What is the lowest price of Optimism (OP)?

According to CoinMarketCap, OP hit its all-time low (ATL) of $0.4005 On June 19, 2022.

6. Will Optimism (OP) hit $10?

If Optimism (OP) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $10 soon.

7. What will be the Optimism (OP) price by 2025?

Optimism (OP) price might reach $12 by 2025.

8. What will be the Optimism (OP) price by 2026?

Optimism (OP) price might reach $14 by 2026.

9. What will be the Optimism (OP) price by 2027?

Optimism (OP) price might reach $16 by 2027.

10. What will be the Optimism (OP) price by 2028?

Optimism (OP) price might reach $18 by 2028.


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Disclaimer: 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.

A dedicated writer who shows her interest in writing all sorts of content about the cryptocurrency market in NewsCrypto. She is an enthusiastic reader and writer with passion for sharing crypto news and trends.