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- 1 Optimism price prediction shows the consolidation of OP crypto over the daily time frame chart.
- 2 OP crypto is trying to sustain at 20-EMA to reach the 50, 100, and 200-days daily moving average.
- 3 Optimism cryptocurrency has surged around 46.67% year to date.
Optimism price prediction showcases the struggle of OP crypto to gain significantly from the current level. OP crypto has been stuck inside the consolidation phase after slipping from the $1.823 mark. Meanwhile, buyers need to come forward for the rescue of OP cryptocurrency. However, volume change can be seen below average, which signifies the continuous consolidation of OP crypto.
Optimism price needs to attract buyers in order to revert the current slipping trend inside the horizontal range-bound area over the daily time frame chart. Meanwhile, OP crypto has been struggling to gain significantly over the charts as, in between the battle of bulls and bears, OP couldn’t maintain constant momentum. Now buyers need to come forward for the rescue of OP crypto for OP to initiate its recovery phase.
Optimism price was at $1.340 and lost 3.53% of its market capitalization during the day trading session. However, trading volume increased by 32.10% during the intraday trading session. This demonstrates that buyers are still present in the trade to save OP crypto from falling significantly. The volume to market cap ratio was 8.02%.
Will Optimism Price Register Its Breakout?
Optimism price prediction showcases the slippage of OP crypto inside the consolidation phase over the daily time frame chart. Volume change can be seen below average and needs to grow in favor of buyers during the intraday trading session. Meanwhile, OP crypto is trying to sustain at 20-EMA to reach the 50, 100, and 200-days daily moving averages.
Optimism cryptocurrency declined slightly by 0.44% in a week and 11.98% in a month. Moreover, OP crypto decreased slightly in the last three months by 0.88% and fell significantly, around 40.80%, in the last three months. Nevertheless, OP crypto managed to gain around 46.67% year to date.
Technical indicators suggest Optimism price is in a downtrend. The relative strength index and moving average convergence divergence both show the decline of OP crypto.
RSI was at 44 and is moving towards oversold territory. The MACD line is moving towards the signal line for a negative crossover. Investors in Optimism cryptocurrency need to wait for any directional change over the daily time frame chart.
Summary
Optimism price prediction showcases the struggle of OP crypto to gain significantly from the current level. Meanwhile, OP crypto has been struggling to gain significantly over the charts as, in between the battle of bulls and bears, OP couldn’t maintain constant momentum. Volume change can be seen below average and needs to grow in favor of buyers during the intraday trading session. Technical indicators suggest Optimism crypto is in a downtrend.
Technical Levels
Support Levels: $1.318 and $1.286
Resistance Levels: $1.440 and $1.500
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
