spot_img
spot_img
spot_img
spot_img
ThecoinrepublicCryptoOptimism Price Prediction: OP Gained Near 10%...
google-news-img

Trending

Hamster

Hamster

notco

Notcoin

mogutou

Mogutou

Premium Partners

immersion
spot_img

Optimism Price Prediction: OP Gained Near 10% Breakout Expected?

    • Optimism price prediction indicates the token is trading at the verge of the symmetrical triangle pattern over the daily time frame chart.
    • OP crypto has recovered above 20, 50, 100 and 200-days Daily Moving Average.
    • The pair of OP/BTC was at 0.00008499 BTC with an intraday gain of 8.51%.

Optimism price prediction suggests the token’s strong uptrend momentum towards the breakout from the symmetrical triangle pattern. Meanwhile, buyers are trying to provide the push for the OP token to register its breakout from the upper trendline of the symmetrical triangle over the daily time frame chart. However, sellers’ are still present in the trade to pull OP crypto back inside the pattern. 

Optimism price needs to maintain the current accumulation rate in order to sustain at the neckline of the symmetrical triangle pattern. Moreover, OP crypto price is trying to maintain itself above the 20, 50, 100 and 200-days Daily Moving Average and register the token’s breakout. 

Optimism price was at $2.61 and has gained 7.52% of its market capitalization during the day’s trading session. Trading volume has increased by 91% showcasing the accumulation rate of bulls during the intraday trading session. Volume to market cap ratio was at 0.2982.

Optimism Price Gained 186% Year To Date!

Optimism Price
Source: OP/USD by TradingView

Optimism price prediction indicates the recovery phase of OP token from the symmetrical pattern over the daily time frame chart. Meanwhile, OP crypto must maintain the current accumulation rate of bulls in order to sustain at the neckline of the symmetrical triangle pattern. Trading volume is above average showcasing the accumulation rate. 

Optimism price has gained around 15.65% in a week and 64.55% in the last three months. OP crypto has recovered around 281.80% in six months. Moreover, Optimism cryptocurrency has soared 186.04% year to date suggesting the maximum recovery of OP cryptocurrency during 2023.

Technical indicators suggest the upward momentum of Optimism price. Relative strength index showcases the uptrend momentum of OP token. RSI was at 61 and is straight towards the overbought territory.

MACD exhibits a strong upside trend of Optimism crypto. The MACD line is above the signal line after a positive crossover. Investors in OP crypto need to wait until the OP crypto price sustains and breaks out from the symmetrical triangle pattern.

Summary

Optimism price prediction suggests the token’s strong uptrend momentum towards the breakout from the symmetrical triangle pattern. Optimism crypto needs to maintain the current accumulation rate in order to sustain at the neckline of the symmetrical triangle pattern. Trading volume is above average showcasing the accumulation rate. Technical indicators suggest the upward momentum of Optimism price. Investors in OP crypto need to wait until the OP crypto price sustains and breaks out from the symmetrical triangle pattern.

Technical Levels

Resistance Level: $2.75 and $3.15

Support Level: $2.40 and $2.30

Disclaimer

The contents of this page are intended for general informational purposes and do not constitute financial, investment, or any other form of advice. Investing in or trading crypto assets carries the risk of financial loss. The forecasted data (also called “price prediction”) on this page are subject to change without notice and are not guaranteed to be accurate.

Our Newsletter

Subscribe to our newsletter to get the latest news and promotions.

Andrew Smith
Andrew Smith
Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing
spot_img
spot_img

Related News

South Korea
Kelvin Munene

South Korea Launches First Crypto Regulatory Framework

Worldcoin
Kelvin Munene
SkyBridge Crypto
Maxwell Mutuma
Crypto
Kelvin Munene
Hong Kong Crypto Exchange
Maxwell Mutuma

Hong Kong Identifies 7 Crypto Exchanges as Unlicensed

Lazarus Group Crypto
Maxwell Mutuma

Lazarus Group Tied to $35M Laundering in Cambodia: Report

spot_img