Optimism Price Prediction 2024–2030: Will OP Token Gain Momentum?

Key takeaways

  • By the end of 2024, OP is expected to have a minimum and maximum price of about $3.04 and $3.56, respectively.
  • Optimism price prediction for 2027 suggests the token could reach a maximum value of $11.53.
  • In 2030, OP tokens will range between $30.22 to $34.10 with an average value of $31.23.

Optimism (OP), a prominent Layer-2 scaling solution for Ethereum, has recently made headlines by leading total bridge net inflows over the past seven days, surpassing even Ethereum. This achievement underscores Optimism’s growing influence in crypto market and efficiency in facilitating cross-chain transactions. The platform’s commitment to innovation is further highlighted by its support for Layer-3 solutions, enabling the development of decentralized applications (dApps) on top of Layer-2 chains, which contributes to the expansive Optimism Superchain.

The platform’s initiatives, including the introduction of 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 of the token, can Optimism reach $10 soon?


Market Cap$2,322,630,565
Trading Volume$334,805,184
Circulating Supply1,086,889,963 OP
All-time High$4.85 (Mar 06, 2024)
All-time Low$0.4005 (Jun 18, 2022)
24 High$2.07
24 Low$1.90

Optimism Price Prediction: Technical Analysis

Price Prediction$ 6.71  (229.62%)
50-Day SMA$ 2.51
14-Day RSI33.46
Fear & Greed Index74 (Greed)
Green Days10/30 (33%)
200-Day SMA$2.92

Optimism price analysis: OP price recovers after initial drop, closing bullish above 2.05

TL; DR Breakdown

  • Optimism price analysis shows a bullish bias trend
  • OP support is found at $1.90
  • Resistance for OP is present at $2.07

The price trend of Optimism (OP) over the observed period for 15 June shows initial bearish movement, with the price falling sharply from approximately $2.05 early in the morning to a low near $1.875. This decline indicates a strong bearish sentiment. However, after reaching this low point, the price gradually recovers throughout the day, showing consistent upward movement and closing at around $2.05. This recovery and upward trend towards the end of the period signify a shift to a bullish sentiment. Overall, despite the initial drop, the closing price above the starting point indicates a bullish trend for Optimism.

Optimism price analysis 1-day chart: Bullish momentum propels toward $2.05

The price action in the 1-day Optimism chart suggests that the price may be forming a triangle pattern, which is generally considered to be a bullish sign. The coin is now supported by a buying pressure and has further surged to a new all-time high of $2.05, indicating that the buyers are still in control.

OP/USD 1-day price chart, Source: TradingView

The EMA (blue line) is currently positioned above the latest closing price, indicating a bearish trend as the price is trading below the EMA. The RSI, shown at the bottom of the chart, has recently dipped below the 30 level, indicating oversold conditions. It currently stands at 35.73, suggesting that the selling pressure might be easing and a potential reversal or consolidation could occur if the RSI continues to rise.

OP/USD 4-hour price chart: Latest development

The hourly chart for Optimism has formed an ascending triangle pattern on the 24-hour chart, which indicates that the buyers have taken control of the market and are likely to push the coin toward higher levels. The short-term outlook for Optimism remains bullish as the coin is trading above its crucial support level of $1.90.

OP/USD 4-hour price chart, Source: TradingView

The Relative Strength Index (RSI) score is increasing at a faster pace and has reached an index of 48.63, which indicates that the market is currently in a bullish state. The exponential moving averages (EMA) in the higher time frames, such as the 4-hour chart, suggest that the price action is highly bullish and is likely to sustain gains above $2.06 in the near term.

Optimism Technical Indicators: Levels And Action

Daily Simple Moving Average (SMA)

SMA 3$2.19SELL
SMA 5$2.18SELL
SMA 10$2.25SELL
SMA 21$2.37SELL
SMA 50$2.51SELL
SMA 100$2.91SELL
SMA 200$2.92SELL

Daily Exponential Moving Average (EMA) 

EMA 3$2.34SELL
EMA 5$2.40SELL
EMA 10$2.57SELL
EMA 21$2.46SELL
EMA 50$2.51SELL
EMA 100$2.83SELL
EMA 200$2.77SELL

Optimism Price Analysis Conclusion

Optimism price analysis is well-positioned for further gains in the near term. Bulls need to break above the $2.07 level of resistance to sustain their momentum and reach new highs. Despite this, there are signs of a potential bearish recovery towards the end of the observed period, with prices closing below $2.05, suggesting some market optimism.

Is Optimism a good investment?

Optimism (OP) offers an attractive investment opportunity as a Layer-2 solution enhancing Ethereum’s scalability by improving transaction speeds and reducing costs. With a recent 30% surge in active addresses, investor confidence seems to be growing. The observed increase in user activity alongside a price drop suggests OP is currently undervalued, highlighting a potential investment opportunity for those looking to invest in scalable blockchain solutions.

Optimism Recent News/Opinion

  • Alchemy Joins Optimism’s newtwork of RaaS partners

Optimism Price Prediction June 2024

In June, a market shift to the upside could result in OP token trading at a minimum price of $2.44, an average price of $2.47, and a maximum price of $2.51.

Optimism Price PredictionPotential LowPotential AveragePotential High
Optimism Price Prediction June 2024$2.44$2.47$2.51

Optimism Price Prediction 2024

A sustained positive market shift in Q4 could result in Optimism trading at a minimum price of $3.04, an average price of $3.16, and a maximum price of $3.56.

Optimism Price PredictionPotential LowPotential AveragePotential High
Optimism Price Prediction 2024$3.04$3.16$3.56

Optimism Price Predictions 2025–2030

YearMinimum PriceAverage PriceMaximum Price
Optimism Price Prediction

Optimism Price Prediction 2025

In 2025, the price of Optimism is predicted to reach a minimum level of $4.51. The OP price can reach a maximum level of $5.43 with an average trading price of $4.64.

Optimism Price Prediction 2026

In 2026, the price of Optimism is predicted to reach at a minimum value of $6.64, a maximum value of $8.04 and an average price of $6.87.

Optimism  Price Forecast 2027

Optimism (OP) is expected to reach a lowest possible level of $9.84 in 2027. The maximum expected price of the token is $11.53, with an average forecast price of $10.18.

Optimism Price Prediction 2028

Optimism (OP) might trade at a minimum price of $14.10 in 2028. The maximum expected price is $16.78, with an average price of $14.51.

Optimism Price Prediction 2029

Optimism’s price is predicted to reach at a minimum value of $19.55 in 2029. Investors can anticipate a maximum value of $24.43 and average trading price of $20.28 if the bulls back the token.

Optimism (OP) Price Prediction 2030

In 2030, the price of Optimism is predicted to reach a minimum of $30.22. The OP price can reach a maximum level of $34.10, and an average trading price of $31.23.

Optimism Market Price Prediction: Analysts’ OP Price Forecast


Cryptopolitan’s Optimism (OP) Price Prediction

According to our Optimism price forecast, the coin’s market price might reach a maximum value of $5.24 by the end of 2024. Looking forward to 2026, the value of OP could surge to $7.68, making it a potentially profitable investment tool. Note that this is not investment advice. Always do your own research before making investment decisions.

Optimism Historic Price Sentiment

Source: Coinmarketcap
  • When 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 de-pegging of the UST stablecoin and the subsequent collapse of the associated LUNA cryptocurrency.
  • However, OP made a slow recovery, ending the month of 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 soon 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 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.
  • At the time of writing, June 15 2024, Optimism (OP) is trading within the $2.00 – $2.22 range.


What is an Optimistic Rollup?

Optimistic rollups operate on a principle similar to ZK-rollups, but with a key difference: they presume transactions to be valid unless proven otherwise. Computations are only executed if a transaction's integrity comes under question.

What is the purpose of Optimism?

Optimism is a swift, reliable, and expandable L2 blockchain, crafted by Ethereum developers specifically for their peers. Designed as a modest augmentation to the current Ethereum software, Optimism's architecture, equivalent to EVM, enhances the scalability of your Ethereum applications without any unexpected outcomes. Any application that functions on Ethereum will operate on Optimism, but at a significantly reduced cost.

What is the function of Optimism?

Optimism is a layer 2 chain, meaning it functions on top of Ethereum mainnet (layer 1). Transactions take place on Optimism, but the data about transactions get posted to the mainnet where they are processed.

Is Optimism EVM-compatible?

Absolutely! Optimism is entirely compatible with all Solidity smart contracts and Ethereum libraries. Given that Optimism functions as a second layer atop the primary Ethereum network, it can employ the Ethereum Virtual Machine in the same way as Ethereum does.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

Share link:

Most read

Loading Most Read articles...

Stay on top of crypto news, get daily updates in your inbox

Related News

arbitrum price prediction
Subscribe to CryptoPolitan