Optimism (OP) Price Prediction 2024, 2025–2030

Explore short and medium-term Optimism price prediction analysis and check long-term Optimism forecasts for 2025, 2030, and beyond

5-Day Prediction
$?1.940854
1-Month Prediction
$?4.84
3-Month Prediction
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6-Month Prediction
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1-Year Prediction
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2025 Prediction
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2030 Prediction
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2040 Prediction
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2050 Prediction
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Current Price $?1.541902
Price Prediction $?4.84  (222.95%)
Fear & Greed Index 39 (Fear)
Sentiment Bearish
Volatility 7.06%
Green Days 14/30 (47%)
50-Day SMA $?1.57561
200-Day SMA $?2.32
14-Day RSI 42.53

According to our current Optimism price prediction, the price of Optimism is predicted to rise by 222.95% and reach $?4.84 by November 9, 2024. Per our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 39 (Fear). Optimism recorded 14/30 (47%) green days with 7.06% price volatility over the last 30 days. Based on the Optimism forecast, it's now a bad time to buy Optimism.

Disclaimer: This is not investment advice. The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Long-term Optimism price prediction for 2025, 2026, 2027, 2028, 2029 and 2030

Based on the historical price movements of Optimism and the BTC halving cycles, the yearly low Optimism price prediction for 2025 is estimated at $?1.498496. Meanwhile, the price of Optimism is predicted to reach as high as $?6.96 next year. Using the same basis, here is the Optimism price prediction for each year up until 2030.

YearYearly LowYearly High
2025 $?1.498496 $?6.96
2026 $?2.53 $?5.93
2027 $?1.255469 $?3.04
2028 $?1.373165 $?2.89
2029 $?2.33 $?4.70
2030 $?4.18 $?9.19

Optimism price prediction 2025

The Optimism price prediction for 2025 is currently between $?1.498496 on the lower end and $?6.96 on the high end. Compared to today’s price, Optimism could gain 351.13% by 2025 if OP reaches the upper price target.

Optimism price prediction 2030

The Optimism price prediction for 2030 is currently between $?4.18 on the lower end and $?9.19 on the high end. Compared to today’s price, Optimism could gain 495.74% by 2030 if it reaches the upper price target.

Optimism Price Forecast Based on Technical Analysis

Sentiment

Bearish

Based on data from October 10, 2024 at 17:54, the general Optimism price prediction sentiment is bearish , with 11 technical analysis indicators signaling bullish signals, and 18 signaling bearish signals.

OP price prediction was last updated on October 10, 2024 at 17:54.

Optimism's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strength Index - RSI (14)

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Based on our technical indicators, Optimism's 200-day SMA will drop in the next month and will hit $?2.32 by Nov 09, 2024. Optimism's short-term 50-Day SMA is estimated to hit $?2.45 by Nov 09, 2024.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 42.53, which indicates that the OP market is in a neutral position.

Popular OP Moving Averages and Oscillators for Thu, Oct 10, 2024

Moving averages (MA) are a popular indicator in all financial markets, designed to smooth price action over a certain amount of time. They are a lagging indicator which means they are influenced by historical price activity. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).

Daily Simple Moving Average (SMA)

PeriodValueAction
SMA 3$?1.525489BUY
SMA 5$?1.549878SELL
SMA 10$?1.609537SELL
SMA 21$?1.70646SELL
SMA 50$?1.57561SELL
SMA 100$?1.581487SELL
SMA 200$?2.32SELL

Daily Exponential Moving Average (EMA)

PeriodValueAction
EMA 3$?1.627748SELL
EMA 5$?1.577405SELL
EMA 10$?1.500612BUY
EMA 21$?1.470036BUY
EMA 50$?1.578471SELL
EMA 100$?1.842453SELL
EMA 200$?2.14SELL

Weekly Simple Moving Average (SMA)

PeriodValueAction
SMA 21-$?3.95BUY
SMA 50$?1.200803BUY
SMA 100$?0.481484BUY
SMA 200--

Weekly Exponential Moving Average (EMA)

PeriodValueAction
EMA 21$?1.906698SELL
EMA 50$?2.03SELL
EMA 100$?0.639537BUY
EMA 200--

Optimism Oscillators

An oscillator is a technical analysis tool that constructs high and low bands between two extreme values, and then builds a trend indicator that fluctuates within these bounds. Traders use the trend indicator to discover short-term overbought or oversold conditions.

PeriodValueAction
RSI (14)42.53NEUTRAL
Stoch RSI (14)3.94BUY
Stochastic Fast (14)11.77BUY
Commodity Channel Index (20)-66.67NEUTRAL
Average Directional Index (14)11.42NEUTRAL
Awesome Oscillator (5, 34)0.02NEUTRAL
Momentum (10)-0.37NEUTRAL
MACD (12, 26)-0.02NEUTRAL
Williams Percent Range (14)-88.23BUY
Ultimate Oscillator (7, 14, 28)43.11NEUTRAL
VWMA (10)1.62SELL
Hull Moving Average (9)1.64SELL
Ichimoku Cloud B/L (9, 26, 52, 26)1.67NEUTRAL

Optimism Key Price Levels

Based on today's classical pivot point (P1) with the value of $?1.573208, Optimism has support levels of $?1.483341, $?1.43356, and the strongest at $?1.343693. Similarly, Optimism resistance levels are at $?1.622988, $?1.712855, and $?1.762636.

Support Levels

#PriceStrength
S1$?1.483341  
S2$?1.43356  
S3$?1.343693  

Resistance Levels

#PriceStrength
R1$?1.622988  
R2$?1.712855  
R3$?1.762636  

Optimism Correlation

Over the past 7 days, Optimism price was most positively correlated with the price of Bitcoin (BTC), Wrapped Bitcoin (WBTC), Solana (SOL), NEAR Protocol (NEAR) and Mina Protocol (MINA) and most negatively correlated with the price of TRON (TRX), UNUS SED LEO (LEO), EigenLayer (EIGEN), Chiliz (CHZ) and Kaspa (KAS).

Positively Correlated Currencies

NameCorrelation
0.962
0.961
0.935
0.933
0.930

Negatively Correlated Currencies

NameCorrelation
-0.333
-0.246
-0.026
-0.009
0.090

Optimism price is positively correlated with the top 10 coins by market cap with a price of 0.664, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.651.

Currencies that are positively correlated with Optimism indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Optimism, a move in one direction for Optimism would translate into a move in the opposite direction for the negatively correlated coin.

Optimism Price Prediction for Tomorrow and Next Week

DatePriceChange
Oct 11, 2024 $?1.498496 0.00%
Oct 12, 2024 $?1.577297 5.26%
Oct 13, 2024 $?1.678783 12.03%
Oct 14, 2024 $?1.802733 20.30%
Oct 15, 2024 $?1.940854 29.52%
Oct 16, 2024 $?2.08 38.67%
Oct 17, 2024 $?2.21 47.46%
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The Optimism price forecast for the next 30 days is a projection based on the positive/negative trends in the past 30 days. Based on these Optimism projections, OP will be changing hands at $?2.21 on Oct 17, 2024, gaining 47.46% in the process.

Optimism Historical Price Performance

Change1H24H7D1M3M6MYTD1Y3Y5YALL
OptimismUS Dollar OP/USD 0.31%0.46%1.85%-4.19%-8.94%-20.94%-59.87%24.64%----1.84%
OptimismBitcoin OP/BTC 0.24%1.49%2.87%-8.30%-12.84%-18.41%-71.60%-44.68%-----46.11%
OptimismEthereum OP/ETH 0.22%0.16%0.47%-4.22%19.82%-3.25%-61.22%-17.86%-----16.25%
OptimismTether OP/USDT 0.31%0.46%1.85%-4.19%-8.94%-20.94%-59.87%24.64%----1.84%

To get a better idea of what could happen to the Optimism price in the future, it’s helpful to also explore Optimism’s price history. In the last month, the OP/USD pair is down .

DateOpenHighLowCloseVolumeMarket Cap
Oct 10, 2023$?1.228207$?1.251421$?1.218786$?1.242744$?249.73M$?265.21M
Oct 10, 2022$?0.844467$?0.850996$?0.756412$?0.756412$?83.56M$?0.00

Optimism Price Prediction FAQ

What is Optimism's price prediction today?

Based on our Optimism prediction chart, the price of Optimism will increase by 0.00% and reach $?1.498496 by Oct 11, 2024

What is Optimism price prediction for tomorrow?

Optimism is predicted to gain 0.00% and reach a price of $?1.498496 tomorrow.

What is the Optimism price prediction for this week?

According to our Optimism price prediction, OP is forecasted to trade within a price range of $?1.498496 and $?1.802733 this week. Optimism will increase by 20.30% and reach $?1.802733 by Oct 14, 2024 if it reaches the higher value target.

What is the Optimism price prediction for next week?

The Optimism price prediction for next week is between $?1.802733 on the lower end and $?2.18 on the high end. Based on our OP price prediction chart, the price of Optimism will increase by 20.89% and reach $?2.18 by Oct 21, 2024 if it reaches the upper price target.

What is the Optimism price prediction for 2024?

Optimism is forecasted to trade within a range of $?1.498496 and $?6.96. If it reaches the upper price target, OP could increase by 351.13% and reach $?6.96.

What is the Optimism price prediction for 2025?

According to our Optimism price prediction, OP is forecasted to trade within a price range of $?1.498496 and $?6.96 next year. Optimism will increase by 351.13% and reach $?6.96 if it reaches the higher value target for 2025.

What is the Optimism price prediction for 2030?

The Optimism price prediction for 2030 is between $?4.18 on the lower end and $?9.19 on the high end. Based on our OP price prediction chart, the price of Optimism could gain 495.74% and reach $?9.19 if it reaches the upper price target.

Will Optimism reach $10?

Optimism would need to gain 548.55% to reach $10.  According to our Optimism prediction algorithm, Optimism will hit $10 in November 2032.

Will Optimism reach $100?

Optimism would need to gain 6,385.50% to reach $100.  According to our Optimism prediction algorithm, the price of Optimism will not reach $100. The highest expected price our algorithm estimates is $?55.47 by Jan 1, 2048.

Will Optimism reach $1,000?

Optimism would need to gain 64,754.98% to reach $1,000.  According to our Optimism prediction algorithm, the price of Optimism will not reach $1,000. The highest expected price our algorithm estimates is $?55.47 by Jan 1, 2048.

What is the current Optimism sentiment?

The current Optimism sentiment is bearish according to our technical analysis. The majority of technical indicators are showing sell.

What is the Optimism Fear & Greed Index and what does it indicate?

Currently, the Optimism Fear & Greed Index stands at 39, which means that investors’ sentiment is in the so-called Fear zone.

The Fear & Greed Index combines several market and investment indicators, including 30- and 90-day volatility, trading volume, social media activity, and Google Trends data. The Fear & Greed Index can be a useful measure of Optimism investors’ sentiment, and is based primarily on Bitcoin-related market data.

Overall, the Fear & Greed Index indicates the current sentiment of the market, as follows: 0-24 extreme fear, 25-49 fear, 50 neutral, 51-75 greed, and 76-100 extreme greed. Some traders interpret a prevalent negative sentiment as a good buying opportunity, while a prevalent positive sentiment can be a good opportunity to sell.

Is it profitable to invest in Optimism?

Over the last 30 days, Optimism had 14/30 (47%) green days. According to our historical data, it is currently not profitable to invest in Optimism. The price of Optimism increased by 24.64% in the last 1 year.

Is Optimism a good buy in 2024?

Based on multiple technical quantitative indicators, the current forecast for Optimism in 2024 is bearish. This could be an indication that Optimism is a bad buy in 2024. However, it’s important to consider both technical factors (price history) and fundamental factors (on-chain activity and development) before making the decision to buy Optimism or not.

What will the price of Optimism be next week?

According to our Optimism forecast, the price of Optimism will increase by 29.52% over the next week and reach $?1.940854 by October 15, 2024.

What will the price of Optimism be next month?

According to our Optimism forecast, the price of Optimism will increase by 222.95% over the next month and reach $?4.84 by November 9, 2024.

What is Optimism's 50-Day SMA and what does it indicate?

Optimism’s 50-day SMA (simple moving average) is currently $?1.57561. The 50-day SMA indicates the average price of Optimism over a 50-day period. The 50-day SMA is commonly used to gauge the price trend of an asset over an intermediate period of time. A rising 50-day SMA indicates a positive OP price trend in the medium term, while a dropping SMA indicates the opposite.

The 50-day SMA is calculated by adding together Bitcoin’s closing prices in the last 50 days, and dividing the total by 50.

What is Optimism's 200-Day SMA and what does it indicate?

Optimism’s 200-day is currently $?2.32. The 200-day SMA is a popular indicator that’s used to determine an asset’s long-term price trend. A rising Optimism 200-day SMA indicates a positive long-term trend. Meanwhile, a falling 200-day SMA shows that OP has been trending downwards over the long term.

Many cryptocurrency traders pay close attention to the markets when the current Optimism price crosses an important moving average like the 200-day SMA.

The 200-day SMA is calculated by taking Optimism’s closing prices in the last 200 days, adding them together, and dividing the total by 200.

What is Optimism's 14-day RSI and what does it indicate?

Optimism’s 14-day RSI is at 42.53, indicating that OP is currently neutral.

The RSI (Relative Strength Index) is a very popular technical indicator used to analyze prices of a variety of assets, including Optimism. Most commonly, the RSI is used on a 14-day time frame. The RSI is used to gauge momentum in the market. The readings produced by the RSI indicator range from 0 to 100, with 30 and 70 being important levels. An RSI reading under 30 indicates that the asset is currently undervalued, while an RSI reading above 70 indicates that the asset is currently overvalued.

Will Optimism go back up?

Based on our algorithmically generated price prediction for Optimism, the price of OP is expected to decrease by 222.95% in the next month and reach $?4.84 on Nov 9, 2024. Additionally, Optimism’s price is forecasted to gain 176.22% in the next six months and reach $?4.14 on Apr 8, 2025. Finally, Optimism is expected to trade at $?3.94 on Oct 10, 2025, following a 162.70% value decrease in one year.

How does our price prediction for Optimism work?

The Optimism price prediction on CoinCodex is calculated using the historical Optimism price dataset, accounting for past volatility and market movements. In addition, the algorithm uses the cyclical nature of Bitcoin halvings, which introduce extra supply-side pressure on BTC every 4 years. This has historically played a pivotal role in cryptocurrency markets and is a major component of creating a realistic Optimism prediction.

Optimism Price Analysis

How to read and predict Optimism price movements?

Optimism traders use a variety of tools to try and determine the direction in which the OP market is likely to head next. These tools can roughly be divided into indicators and chart patterns. When trying to predict the Optimism price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall.

Optimism Price Prediction Indicators

Moving averages are among the most popular Optimism price prediction tools. As the name suggests, a moving average provides the average closing price for OP over a selected time frame, which is divided into a number of periods of the same length. For example, a 12-day simple moving average for OP is a sum of OP’s closing prices over the last 12 days which is then divided by 12.

In addition to the simple moving average (SMA), traders also use another type of moving average called the exponential moving average (EMA). The EMA gives more weight to more recent prices, and therefore reacts more quickly to recent price action.

50-day, 100-day and 200-day moving averages are among the most commonly used indicators in the crypto market to identify important resistance and support levels. If the OP price moves above any of these averages, it is generally seen as a bullish sign for Optimism. Conversely, a drop below an important moving average is usually a sign of weakness in the OP market.

Traders also like to use the RSI and Fibonacci retracement level indicators to try and ascertain the future direction of the OP price.

How to read Optimism charts and predict price movements?

Most traders use candlestick charts, as they provide more information than a simple line chart. Traders can view candlesticks that represent the price action of Optimism with different granularity – for example, you could choose a 5-minute candlestick chart for extremely short-term price action or choose a weekly candlestick chart to identify long-terms trends. 1-hour, 4-hour and 1-day candlestick charts are among the most popular.

Let’s use a 1-hour candlestick chart as an example of how this type of price chart gives us information about opening and closing prices. The chart is divided into “candles” that give us information about Optimism’s price action in 1-hour chunks. Each candlestick will display OP’s opening price, closing price, as well as the highest and lowest prices that Optimism reached within the 1-hour period.

It’s also important to pay attention to the color of the candle – a green candle means that the closing price was higher than the opening price, while a red candle tells us the opposite. Some charts will use hollow and filled candlestick bodies instead of colors to represent the same thing.

What affects the price of Optimism?

Just like with any other asset, the price action of Optimism is driven by supply and demand. These dynamics can be influenced by fundamental events such as block reward halvings, hard forks or new protocol updates. Regulations, adoption by companies and governments, cryptocurrency exchange hacks, and other real-world events can also affect the price of OP. The market capitalization of Optimism can change significantly in a short period of time.

When trying to make a Optimism forecast, many traders also try to monitor the activity of OP “whales”, which are entities and individuals that control large amounts of OP. Since the Optimism market is relatively small compared to traditional markets, “whales” can single-handedly have a big influence on Optimism’s price movements.

Bullish and bearish price prediction patterns

Some traders try to identify candlestick patterns when making cryptocurrency price predictions to try and get an edge over the competition. Some candlestick formations are seen as likely to forecast bullish price action, while others are seen as bearish.

Here are some of the most commonly followed bullish candlestick patterns:

Here are some common bearish candlestick patterns:

  • Hammer
  • Bullish Engulfing
  • Piercing Line
  • Morning Star
  • Three White Soldiers
  • Bearish Harami
  • Dark Cloud Cover
  • Evening Star
  • Shooting Star
  • Hanging Man
DISCLAIMER: Not Investment Advice
The information provided is for general information purposes only. No information, materials, services and other content provided on this page constitute solicitation, recommendation, endorsement or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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