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 | $2.31 |
| Market Cap | $2,013,141,835.26 |
| Trading Volume | $283,161,744.10 |
| Circulating Supply | 1,255,070,491 OP |
| All-time High | $4.85 (Mar 06, 2024) |
| All-time Low | $0.4005 (Jun 18, 2022) |
| 24- High | $2.55 |
| 24-h Low | $2.30 |
Optimism price prediction: Technical analysis
| Metric | Value |
| Volatility | 6.21% |
| 50-Day SMA | $1.638 |
| 14-Day RSI | 48.02 |
| Sentiment | Bearish |
| Fear & Greed Index | 69 (Greed) |
| Green Days | 14/30 (47%) |
| 200-Day SMA | $1.880 |
Optimism price analysis: OP bounces back to $2.31 as bearish momentum continues
TL;DR Breakdown
- Optimism price analysis shows negative market sentiment
- Optimism price is facing immediate resistance at the $2.55 level
- Support for OP price is present at $2.30
Optimism’s price analysis for November 28 favors bears, with the price at $2.31, down 1.93%, and unable to break the $2.55 resistance. The ongoing downtrend reflects negative market sentiment. If the price falls below $2.30, it may test $2.25 support. Conversely, a rebound above $2.40 could retest the $2.50-$2.55 resistance, signaling a potential bullish reversal.
Optimism price analysis 1-day chart: Bears maintain lead at $2.31
According to the Optimism 1-day price analysis, a bearish signal is observed as the price has been decreasing steadily for the past few hours. The digital asset confirms a bearish price movement for today, as the price has decreased to the $2.31 level, which is a strong support level and is likely to stop this bearish momentum.
The RSI (Relative Strength Index) is at 62.39, indicating the market is slightly overbought but nearing neutral levels after the pullback. The MACD (Moving Average Convergence Divergence) shows bullish momentum, with the MACD line (0.191) above the signal line (0.132), although the narrowing gap suggests waning upward pressure.
OP/USD 4-hour price chart: Optimism shows consolidation phase
In the 4-hour timeframe, Optimism’s price has shown moderate volatility, with the current level at $2.317 following a slight increase of 1.09%. The price has maintained stability above the support level of $2.29 while facing resistance near $2.33. Recent trading activity highlights an upward attempt that lost steam as it approached resistance, indicating buyers are hesitant to drive the price further.
The RSI is currently at 53.50, indicating a neutral market stance with a slight tilt toward a bullish recovery. Meanwhile, the MACD displays a narrow bullish crossover with the signal line at 0.053 and the MACD line at 0.059. However, the histogram is diminishing, reflecting reduced bullish momentum.
Optimism technical indicators: Levels and action
Daily simple moving average (SMA)
| Period | Value | Action |
| SMA 3 | $ 1.6307 | SELL |
| SMA 5 | $ 1.6545 | SELL |
| SMA 10 | $ 1.6058 | BUY |
| SMA 21 | $ 1.6052 | BUY |
| SMA 50 | $ 1.638 | SELL |
| SMA 100 | $ 1.564 | BUY |
| SMA 200 | $ 1.880 | SELL |
Daily exponential moving average (EMA)
| Period | Value | Action |
| EMA 3 | $ 1.653 | SELL |
| EMA 5 | $ 1.673 | SELL |
| EMA 10 | $ 1.681 | SELL |
| EMA 21 | $ 1.673 | SELL |
| EMA 50 | $ 1.635 | SELL |
| EMA 100 | $ 1.691 | SELL |
| EMA 200 | $ 1.913 | SELL |
What to expect from Optimism price analysis next?
Overall, Optimism price analysis suggests that the bearish momentum will continue unless bulls can break above the key resistance level of $2.55 soon. Support for OP can be found at around $2.30, which might prove critical in limiting any huge downside risks. The price may show bullish sentiment if the bears are not able to break below the support level.
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, 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 2028.
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
- Arena- z launches one of the largest Web3 games, boasting over 5 million users. Powered by the Optimism OP Stack.
Optimism price prediction November 2024
For November 2024, Optimism price predictions suggest a potential low of $1.38, a potential average of $1.77, and a potential high of $2.69.
| Optimism price prediction | Potential Low | Potential Average | Potential High |
| Optimism price prediction November 2024 | $1.38 | $1.77 | $2.69 |
Optimism price prediction 2024
The price of Optimism is predicted to reach a maximum value of $2.91 in 2024. Traders can anticipate a minimum price of $2.91 and an average trading price of $2.81.
| Optimism price prediction | Potential Low | Potential Average | Potential High |
| Optimism price prediction 2024 | $2.69 | $2.81 | $2.91 |
Optimism price predictions 2025–2030
| Year | Minimum Price | Average Price | Maximum Price |
| 2025 | $3.83 | $3.97 | $4.73 |
| 2026 | $5.38 | $5.54 | $6.62 |
| 2027 | $8.07 | $8.29 | $9.19 |
| 2028 | $11.63 | $12.05 | $14.13 |
| 2029 | $17.54 | $18.02 | $20.25 |
| 2030 | $25.03 | $25.93 | $30.96 |
Optimism price prediction 2025
In 2025 the price of Optimism is forecasted to be at around a minimum of $3.83. OP’s value can reach a maximum of $4.73 and an average trading value of $3.97.
Optimism price prediction 2026
In 2026, Optimism price prediction suggests a maximum price of $6.62, an average trading price of $5.54, and a minimum price of $5.38.
Optimism price prediction 2027
Per the Optimism price forecast for 2027, OP could reach a peak price of $9.19. The average price is projected to stabilize around $8.29, with a minimum expected at $8.07.
Optimism price prediction 2028
For 2028, the Optimism price prediction suggests a peak value of $14.13. The minimum trading price is expected to be $11.63. The average market value is projected to be around $12.05.
Optimism price prediction 2029
The Optimism forecast for 2029 suggests a minimum price of $17.54, a maximum price of $20.25, and an average price of $18.02.
Optimism price prediction 2030
According to the Optimism price prediction for 2030, OP could potentially reach a maximum price of $30.96, a minimum price of $25.03, and an average value of around $25.93.
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 outlook for the cryptocurrency. For 2024, the forecasted range is between $2.69 and $2.91, 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 $25.03 to a maximum of $30.96 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.
- In November 2024, OP is currently trading between $2.29-$2.60.
