Key takeaways
- By the end of 2024, OP is expected to have a minimum and maximum price of about $2.79 and $3.05, respectively.
- Optimism price prediction for 2027 suggests the token could reach a maximum value of $10.12.
- In 2030, OP tokens will range between $25.72 to $31.05 with an average value of $26.44.
Optimism’s (OP) commitment to innovation is highlighted by its support for Layer-3 solutions. These solutions enable the development of decentralized applications (dApps) on top of Layer-2 chains, which contributes to the expansive Optimism Superchain.
The platform’s initiatives, including introducing custom gas tokens and Plasma mode aimed at reducing onboarding and operational costs, make it more accessible for new users and developers. As the market closely watches the price movements and growth trajectory of the token, can Optimism reach $10 soon?
Overview
| Cryptocurrency | Optimism |
| Token | OP |
| Price | $1.69 |
| Market Cap | $1,585,995,327 |
| Trading Volume | $1,585,995,327 |
| Circulating Supply | 1,187,596,466 |
| All-time High | $4.85 (Mar 06, 2024) |
| All-time Low | $0.4005 (Jun 18, 2022) |
| 24- High | $1.81 |
| 24-h Low | $1.67 |
Optimism price prediction: Technical analysis
| Metric | Value |
| Volatility | 6.84% |
| 50-Day SMA | $1.540 |
| 14-Day RSI | 47.36 |
| Sentiment | Bearish |
| Fear & Greed Index | 27 (Fear) |
| Green Days | 13/30 (43%) |
| 200-Day SMA | $ 2.50 |
Optimism price analysis: Bearish spell lowers the price of OP to $1.69
TL;DR Breakdown
- Optimism shows a bearish trend.
- OP/USD is facing resistance at $1.81.
- Optimism faces support at $1.67.
Optimism price analysis for September 22 shows that the OP is currently on a bearish trend. The market sentiment has shifted from bullish to bearish over the past 24 hours, with the token declining significantly. The price has dropped from its 24-hour high of $1.81 to a low of $1.67, indicating a bearish trend. Bears and bulls are trying to take control of the market, but the bears have had the upper hand so far. At the time of writing, OP is trading at $1.69 and is down by 1.74 percent. The price action has been relatively volatile, and there could be further downside in the short term before a reversal takes place.
Optimism price analysis 1-day chart: OP flies away as the bears grab the lead
The 1-day Optimism Price analysis confirms that the OP price is trading below $1.70, which is currently trading at $1.69. The price has seen a steady decline over the past few days and could continue to slide further if selling pressure persists. The OP token shows that a move to the downside is more likely as the bulls have been unable to push price action any higher.
Looking at technical indicators, the RSI is at 61.34, suggesting the asset is in the overbought territory, which could lead to a short-term correction. The MACD displays a bullish trend, with the MACD line above the signal line, signaling a continuation of upward momentum, though the histogram shows some slowing in momentum.
OP/USD 4-hour price chart: Optimism consolidates after recent rally
In the 4-hour timeframe, Optimism (OP) shows a slight upward movement, closing at $1.690 with a 0.60% increase. The price action indicates consolidation after a recent price rally, with the asset trading within a narrow range as the market awaits a clearer direction.
The RSI stands at 58.12, indicating neutral momentum, though the previous highs show that OP was in overbought territory recently. The MACD shows a weak bullish signal, with the MACD line slightly above the signal line, but the momentum is fading, as seen by the declining histogram.
Optimism technical indicators: Levels and action
Daily simple moving average (EMA)
| Period | Value | Action |
| SMA 3 | $ 1.367 | SELL |
| SMA 5 | $ 1.369 | SELL |
| SMA 10 | $ 1.44 | SELL |
| SMA 21 | $ 1.43 | SELL |
| SMA 50 | $ 1.54 | SELL |
| SMA 100 | $ 1.76 | SELL |
| SMA 200 | $ 2.50 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 1.41 | SELL |
| EMA 5 | $ 1.39 | SELL |
| EMA 10 | $ 1.37 | SELL |
| EMA 21 | $ 1.412 | SELL |
| EMA 50 | $ 1.57 | SELL |
| EMA 100 | $ 1.86 | SELL |
| EMA 200 | $ 2.17 | SELL |
Optimism price analysis analysis
Optimism price analysis indicates that the OP/USD pair is currently in a bearish trend, and further downward movement can be expected. Both 4-hour and 1-day timeframe analysis suggests that the price could remain bearish in the near future, with further downside likely before any potential reversal is seen. The bearish trend is expected to continue in the market as the selling pressure remains high, and the technical indicators suggest that a bottom could soon be reached.
Is Optimism a good investment?
Optimism (OP) is a promising investment due to its role as a Layer 2 scaling solution for Ethereum, addressing transaction speed and cost issues. Its potential largely hinges on Ethereum’s growth and the rising demand for efficient scaling solutions. However, the cryptocurrency market’s volatility and increasing competition among Layer 2 solutions pose risks.
Will OP recover?
A recovery is possible, but we fear the overall bearish sentiment makes a short-term rebound unlikely. However, as the market consolidates, reduced volatility may lead to a breakout in either direction depending on market dynamics.
Will Optimism reach $10?
Yes, Optimism is projected to reach up to $10.12 by 2027.
Will OP reach $50?
Reaching $50 for Optimism (OP) would be an ambitious target, requiring a significant increase from its current price. This level would likely only be achievable in a highly favorable market environment, with substantial advancements in Ethereum adoption, widespread use of Layer 2 solutions, and strong overall market growth.
Will OP reach $100?
Reaching $100 for Optimism (OP) would be extremely ambitious and would require an unprecedented level of growth and adoption.
Does Optimism have a good long-term future?
Yes, Optimism shows strong potential for growth and sustained interest, indicating a positive long-term outlook.
Recent news/opinion on Optimism
- In a recent episode of the Paul Barron Network, Paul Barron and Evan Aldo highlighted several promising altcoins to watch as we approach 2025, potentially signaling the start of an altcoin season.
- Among the coins discussed were Jupiter, Hedera, Optimism, Uniswap, Stacks, Helium, and Brett, each with varying levels of growth potential and market challenges.
Optimism price prediction September 2024
For September 2024, Optimism price predictions suggest a potential low of $1.48, a potential average of $3.23, and a potential high of $4.98.
| Optimism price prediction | Potential Low | Potential Average | Potential High |
| Optimism price prediction September 2024 | $1.48 | $3.32 | $4.98 |
Optimism price prediction 2024
The price of Optimism is predicted to reach at a minimum value of $2.79 in 2024. The Optimism price could reach a maximum value of $3.05 with the average trading price of $2.89.
| Optimism price prediction | Potential Low | Potential Average | Potential High |
| Optimism price prediction 2024 | $2.79 | $2.89 | $3.05 |
Optimism price predictions 2025–2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $4.02 | $4.16 | $4.82 |
| 2026 | $5.88 | $6.05 | $6.94 |
| 2027 | $8.21 | $8.46 | $10.12 |
| 2028 | $12.47 | $12.90 | $14.16 |
| 2029 | $17.68 | $18.20 | $21.35 |
| 2030 | $25.72 | $26.44 | $31.05 |
Optimism price prediction 2025
In 2025 the price of Optimism is forecasted to be at around a minimum value of $4.02. The Optimism price value can reach a maximum of $4.82 with the average trading value of $4.16
Optimism price prediction 2026
In 2026, Optimism price prediction is projected to experience significant growth. The maximum forecasted price stands at $6.94, with an expected average trading price of $6.05 and a minimum of $5.88.
Optimism price prediction 2027
In the Optimism price forecast for 2027, we foresee the cryptocurrency potentially reaching a peak of $10.12. The average price is projected to stabilize around $8.46, with a minimum expected at $8.21.
Optimism price prediction 2028
For 2028, the Optimism price prediction suggests a peak value of $14.16. The minimum trading price is expected to be $12.47, providing a potential support level. The average market value is projected to be around $12.90.
Optimism price prediction 2029
The price of Optimism is expected to reach a minimum level of $17.68 in 2029. The OP price can reach a maximum level of $21.35 with the average price of $18.20
Optimism price prediction 2030
According to the Optimism price prediction for 2030, we foresee the cryptocurrency potentially reaching a maximum price of $31.05. The projected minimum price is expected to be $25.72, with an average value around $26.44.
Optimism market price prediction: Analysts’ OP price forecast
| Firm | 2024 | 2025 |
| Gate.io | $1.73 | $1.89 |
| CoinPedia | $5.80 | $11.21 |
| AMBCrypto | $2.37 | $5.32 |
Cryptopolitan’s Optimism (OP) price prediction
Cryptopolitan’s overall price prediction for Optimism (OP) suggests a positive and growing outlook for the cryptocurrency. Looking further into 2024, the forecasted range is between $2.79 and $3.05, reflecting moderate growth throughout the year. Optimism is projected to experience substantial appreciation, with prices anticipated to rise from a minimum of $25.72 to a maximum of $31.05 by 2030.
Optimism historic price sentiment
- The OP token was first introduced to the open market via the initial airdrop on May 31, 2022; it was valued at $4.57, as per CoinMarketCap. The token soon experienced a sharp decline in June due to the de-pegging of the UST stablecoin and the subsequent collapse of the associated LUNA cryptocurrency.
- However, OP made a slow recovery, ending June at $0.5434. Further price drops followed in July, and the token fell to $0.4147 by July 13, continuing its bearish trend.
- A bullish run followed in early August 2022, taking OP above $1.90. The price surge was short-lived, and OP fell to $0.70 by mid-October, triggered by the collapse of the FTX (FTT) exchange.
- Q1 2023 saw OP surpass the $3.00 mark owing to the broader crypto market bull run. The bear soon took control of the market, plunging OP’s price by 66%. A positive turnaround in the market saw OP exceed its March 2023 levels, surpassing $3.90 by December 30.
- The positive momentum from Q4 2023 pushed OP above $4.50 in Q1 2024, attaining its all-time high (ATH) of $4.85 on March 6, 2024.
- Subsequently, Optimism (OP) experienced a downward trend, declining below $2.30 by April 17, 2024. Crypto prices surged in May, and OP was not left behind, rising above $2.9 on May 21.
- In July 23 2024, Optimism (OP) was trading within the $1.82 – $1.96 range.
- In August, the trend has started out as bearish; however, there is potential for growth.
- In September 2024, the Optimism started with a decline and has settled at around $1.45.
