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 | $1.46 |
| 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 | $1.56 |
| 24-h Low | $1.44 |
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: OP enters correction at $1.46 as a bearish wave takes over
TL;DR Breakdown
- Optimism price analysis is bearish today.
- Optimism price is facing resistance at $1.56.
- OP price has set key support at $1.44.
Optimism price analysis for September 16 reveals that following a protracted period of significant bearishness, the token entered a correction phase at $1.46. OP’s bearishness will continue as volatility remains high, with prices ranging between key support levels of $1.44 and resistance levels of $1.56. This has been caused by intense trading in the market, with bears surging in and driving the price down.
Optimism price analysis 4-hour chart: Bears disrupt the upward trend
The 4-hour price chart for Optimism price analysis shows that the market has been in a bearish trend today. The head and shoulders pattern is also visible on the chart, indicating buyers attempting to reverse the trend. Market sentiment is bearish and can be expected to remain so in the near term.
The MACD indicator also shows that the market is bearish, indicating that more downward movement could be expected soon.
OP/USD 1-day price chart: Bears retain control
The 1-day Optimism price analysis demonstrates that the market is in a bearish trend. The price has been falling for two days, and the trend is likely to continue as bears retain control over the market. The OP token is currently trading at $1.46, down by 6.74 percent at the time of writing.
The MACD indicator also shows a bearish trend, indicating that further downward movement could be expected. The RSI has dipped below 48.94, suggesting that there could be some upside potential in the near term.
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 suggests that the token could remain in a bearish trend for some time as bears retain control over the market. Investors should be cautious and closely monitor their positions to avoid unexpected losses. The key support level for OP is currently at $1.44, while resistance is seen at $1.56. A break above this level could signal a reversal of the bearish trend and provide some upside potential for investors.
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.
