Key takeaways
- By the end of 2024, OP is expected to have a minimum and maximum price of about $2.69 and $2.91, respectively.
- Optimism price prediction for 2027 suggests the token could reach a maximum value of $9.19.
- In 2030, OP tokens will range between $25.03 to $30.96 with an average value of $25.93.
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 | $1.794 |
| Market Cap | $3.1B |
| Trading Volume | $431.53M |
| Circulating Supply | 1.25B OP |
| All-time High | $4.85 (Mar 06, 2024) |
| All-time Low | $0.4005 (Jun 18, 2022) |
| 24- High | $1.80 |
| 24-h Low | $1.70 |
Optimism price prediction: Technical analysis
| Metric | Value |
| Volatility | 18.73% |
| 50-Day SMA | $1.7984 |
| 14-Day RSI | 70.60 |
| Sentiment | Bearish |
| Fear & Greed Index | 78 |
| Green Days | 18/30 (60%) |
| 200-Day SMA | $1.924071 |
Optimism price analysis: OP shows bearish momentum with potential for recovery
TL;DR Breakdown
- Optimism OP trades near $1.794.
- Key support lies at $1.70
- The resistance level for OP is currently at $1.80.
The Optimism price analysis for December 22 illustrates fluctuation between approximately $1.70 and $1.80 over a short period. The current price of $1.794 suggests a recovery phase and a bullish sentiment as it approaches its recent high.
Optimism 1-day price chart: OP shows signs of recovery amid bearish trend
The 1-day chart indicates that Optimism (OP) has been experiencing a notable decline from its peak near $2.50, falling to a support zone around $1.78. Despite the bearish momentum, the price has seen a 9.30% intraday recovery, signaling potential buying interest near the current support level. Volume data suggests moderate trading activity, with the recent bounce possibly driven by short-term buyers aiming to capitalize on oversold conditions.
The MACD (Moving Average Convergence Divergence) shows bearish momentum, with the MACD line (blue) below the signal line (orange) and a negative histogram indicating continued downward pressure. However, the narrowing gap suggests waning bearish momentum, which could lead to a reversal. The RSI (Relative Strength Index), currently at 35.32, indicates oversold conditions, meaning the asset is likely undervalued and could see a short-term price rebound. These indicators together suggest that while Optimism is in a bearish trend, it is showing signs of recovery.
Optimism 4-hour price chart: Bearish momentum eases with signs of stabilization
The 4-hour chart of Optimism (OP) shows a persistent downtrend, with the price declining from a high of around $2.50 to its current level near $1.78. The bearish sentiment remains evident, as the price struggles to hold above key support levels. Despite the overall downtrend, there has been a minor recovery after hitting a recent low, suggesting short-term buyers are stepping in to stabilize the price. However, the downward movement of -2.75% in the current session signals that selling pressure still dominates, limiting any significant upward momentum.
The MACD on the 4-hour chart shows weak bearish momentum, with the MACD line (blue) slightly below the signal line (orange) and a nearly flat histogram. This suggests that while bearish sentiment persists, the momentum is waning, indicating a potential consolidation phase.
The RSI, currently at 38.24, is approaching oversold territory but remains above the critical 30 level. This indicates that the asset is undervalued but not yet fully oversold, leaving room for a possible rebound if buying interest strengthens. Both indicators suggest that while the broader trend is bearish, the asset may be preparing for a stabilization or short-term reversal.
Optimism technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $2.23 | BUY |
| SMA 5 | $2.32 | BUY |
| SMA 10 | $2.28 | BUY |
| SMA 21 | $2.07 | BUY |
| SMA 50 | $1.798 | BUY |
| SMA 100 | $ 1.6948 | BUY |
| SMA 200 | $ 1.9240 | BUY |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $2.04 | BUY |
| EMA 5 | $1.9205 | BUY |
| EMA 10 | $1.8111 | BUY |
| EMA 21 | $1.7389 | BUY |
| EMA 50 | $1.667 | BUY |
| EMA 100 | $1.7043 | BUY |
| EMA 200 | $1.9131 | BUY |
What to expect from Optimism price analysis next?
Optimism (OP) is in a downtrend, dropping from highs near $2.50 but showing signs of stabilization around $1.78. While bearish momentum persists, indicators like the MACD and RSI hint at possible consolidation or short-term recovery. Future moves depend on sustained buyer momentum or renewed selling pressure.
Is Optimism a good investment?
Optimism (OP) could be a good investment if you believe in Ethereum scaling and the growth of Layer 2 solutions. Developer activity has surged by 45.6% over the past year, indicating strong ecosystem momentum.
However, like all crypto, it’s risky and its value depends on adoption and market trends. Only invest what you’re willing to lose!
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, we expect reduced volatility may lead to a breakout in either direction depending on market dynamics.
Will Optimism reach $10?
Yes, Optimism is projected to close up on $10 by 2027.
Will OP reach $50?
Reaching $50 for Optimism (OP) would be an ambitious target, requiring a significant increase in the price of OP. 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
- Optimism ranks second on the list of L2s that raked in the most fees over the last 3 months
- Optimism introduces SuperChain Registry, an official GitHub repository that lists members of the Superchain ecosystem and their chain modifications.
Optimism price prediction December 2024
For December 2024, Optimism price predictions suggest a potential low of $2.58, a potential average of $2.74, and a potential high of $3.02.
| Optimism price prediction | Potential Low | Potential Average | Potential High |
| Optimism price prediction December 2024 | $2.58 | $2.74 | $3.02 |
Optimism price prediction 2024
The price of Optimism is predicted to reach a maximum value of $2.70 in 2024. Traders can anticipate a minimum price of $2.37 and an average trading price of $2.62.
| Optimism price prediction | Potential Low | Potential Average | Potential High |
| Optimism price prediction 2024 | $2.37 | $2.62 | $2.70 |
Optimism price predictions 2025–2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $3.78 | $3.89 | $4.38 |
| 2026 | $5.28 | $5.43 | $6.55 |
| 2027 | $7.77 | $8.04 | $9.38 |
| 2028 | $11.40 | $11.80 | $13.55 |
| 2029 | $17.24 | $17.83 | $20.13 |
| 2030 | $25.44 | $26.15 | $29.79 |
Optimism price prediction 2025
In 2025 the price of Optimism is forecasted to be at around a minimum of $3.78. OP’s value can reach a maximum of $4.38 and an average trading value of $3.89.
Optimism price prediction 2026
In 2026, Optimism price prediction suggests a maximum price of $6.55, an average trading price of $5.43, and a minimum price of $5.28.
Optimism price prediction 2027
Per the Optimism price forecast for 2027, OP could reach a peak price of $9.38. The average price is projected to stabilize around $8.04, with a minimum expected at $7.77.
Optimism price prediction 2028
For 2028, the Optimism price prediction suggests a peak value of $13.55. The minimum trading price is expected to be $11.40. The average market value is projected to be around $11.80.
Optimism price prediction 2029
The Optimism forecast for 2029 suggests a minimum price of $17.24, a maximum price of $20.13, and an average price of $17.83.
Optimism price prediction 2030
According to the Optimism price prediction for 2030, OP could potentially reach a maximum price of $29.79, a minimum price of $25.44, and an average value of around $26.15.
Optimism market price prediction: Analysts’ OP price forecast
| Firm | 2024 | 2025 |
| Gate.io | $3.50 | $3.67 |
| CoinPedia | $5.80 | $11.21 |
| AMBCrypto | $2.53 | $3.54 |
Cryptopolitan’s Optimism (OP) price prediction
Cryptopolitan’s overall price prediction for Optimism (OP) suggests a positive outlook for the cryptocurrency. For 2024, the forecasted range is between $2.37 and $2.70, reflecting moderate growth in the remainder of the year. Optimism is projected to experience substantial appreciation, with prices anticipated to rise from a minimum of $25.44 to a maximum of $29.79 by 2030.
Optimism historic price sentiment
- OP launched with an initial value of $4.57 on May 31 but dropped sharply in June due to the UST stablecoin de-pegging and LUNA collapse, closing June at $0.5434. It further declined to $0.4147 by mid-July. In August, OP briefly surged above $1.90, but by mid-October, it dropped to $0.70 following the FTX collapse.
- In Q1 2023, OP surged past $3.00 during a crypto bull run but lost 66% shortly after. A recovery saw it close the year at $3.90. The momentum continued into Q1 2024, pushing OP to an all-time high of $4.85 on March 6, before it fell below $2.30 by mid-April.
- After reaching over $2.9 in May, OP settled into the $1.82–$1.96 range by July and began a bearish trend. By October 2024, it was trading between $1.54 and $1.62 following a steady September decline.
- By November 2024, it was trading between $2.29 and $2.60, while In December 2024, OP is currently trading between $1.71-$1.82.
