cryptocurrency

Optimism (OP) Price Prediction 2022 – Will OP hit $5 soon?

  • The bullish OP price forecast is $1,464 to $3,259.
  • optimism (OP) The price may also hit $5 soon.
  • The bearish OP price prediction for 2022 is $0.437.

In Price Optimism (OP) for 2022, we use statistics, price patterns, RSI, RVOL, and other information about the OP to analyze the future movement of the cryptocurrency.

Optimism (OP) current market condition

according to Queen GekkoPrice of Optimism (OP) is $1.20 with a 24-hour trading volume of $338,357,381 at the time of writing. However, OP has increased by approximately 2.5% in the last 24 hours.

Furthermore, the Optimist (OP) has a circulating supply of 214,748,364 OP. Currently, Optimism (OP) is traded on cryptocurrency exchanges such as Binance, WhiteBIT, KuCoin, OKX and Gate.io.

What is optimism (OP)?

Optimism (OP) is a two-layer blockchain on top of Ethereum. Optimism takes advantage of the security of the Ethereum mainnet and helps scale the Ethereum ecosystem with the use of optimistic clusters. It is one of the largest Ethereum scaling solutions with over $300 million in TVL. Optimism is led by the Optimism Foundation, a nonprofit organization dedicated to growing the optimism ecosystem. Furthermore, it aims for a minimal number of moving parts while building a second layer solution for Ethereum.

Optimism (OP) forecast prices 2022

Optimism (OP) is at 145th place on CoinGecko at the moment. The OP 2022 price forecast is explained below with a daily time frame.

OP/USDT Falling Wedge Pattern (Source: TradingView)

The above chart for optimism (OP) plotted a falling wedge pattern. In a falling wedge pattern, the upper trend line connecting the highs and the lower trend line connecting the lows converge to the bottom. A wedge pattern generally indicates a trend reversal. In particular, a falling wedge indicates a bullish reversal. This pattern indicates a breakout in the upward trend of the price.

Currently, the optimism (OP) is in the $1,257 range. If the pattern continues, OP may reach the $1,595 and $2,062 resistance levels. If the trend reverses, the OP could drop to $1,100.

Optimism (OP) support and resistance levels

The chart below shows the support and resistance levels for optimism (OP).

OPUSDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, we can clearly interpret the following as the resistance and support levels for optimism (OP).

resistance level 1 $1,464
resistance level 2 $2,187
resistance level 3 3,259 USD
Support level 1 $0.978
Support level 2 $0.648
Support level 3 USD 0.437
OP . resistance and support level

The charts show that Optimism (OP) has taken an upward trend over the past month. If the trend continues, the OP may act in tandem with the bulls taking out the resistance at $3,259.

Accordingly, if investors turn against the cryptocurrency, the Price of Optimism (OP) could drop to close to $0.437, which is a bearish sign.

Optimism (OP) Price Prediction 2022 – RVOL, MA and RSI

The relative volume (RVOL) of optimism (OP) is shown in the chart below. It is an indicator of how the current trading volume has changed over a period of time from the previous trading volume. Currently, the RVOL of OP is above the cutoff line, indicating strong participants in the current trend.

OP/USDT RVOL, MA, RSI (Source: TradingView)

Also, the Moving Average (MA) of Optimism (OP) is shown in the above chart. Notably, the price of optimism (OP) is above the 50 MA (short term), so it is in an uptrend. Currently, the OP is in an uptrend. Therefore, there is a possibility of OP reversing at any time.

Meanwhile, the OP’s Relative Strength Index (RSI) is 43.00. This means that optimism (OP) is in an oversold condition. However, this does mean that a major OP price reversal may occur in the coming days. Therefore, traders need to trade carefully.

Optimism (OP) Price Prediction 2022 – ADX, RVI

Let us now look at the Average Directional Index (ADX) of Optimism (OP). It helps to measure the overall strength of a trend. The indicator is the average of the values ​​of the expanding price range. This system attempts to measure the strength of price action in positive and negative trends using DMI indicators with ADX.

OP/USDT ADX, RVI (Source: TradingView)

The chart above represents the ADX optimism (OP) indicator. Currently, OP’s ADX is in the range of 24.522 and therefore indicates a weak trend.

The chart above also represents the Relative Volatility Index (RVI) for Optimism (OP). RVI measures the continuous deviation of price changes over a period of time. OP’s RVI falls below 50, indicating low volatility. In fact, the Optimistic Relative Strength Index (OP) is at 43.00 confirming a possible buy signal.

Comparing OP with BTC and ETH

The chart below shows a price comparison between Bitcoin, Ethereum, and Optimism (OP).

BTC Price Comparison vs ETH Vs OP (Source: TradingView)

From the above chart, we can interpret that the price action of OP is different for BTC and ETH. This indicates that when the price of BTC and ETH goes up, the price of OP goes down. When the price of BTC and ETH decreases, the price of OP increases.

Optimism (OP) forecast prices 2023

If price action slows down in momentum and the trend reverses, optimism (OP) It could reach $10 by 2023.

Optimism (OP) forecast prices 2024

With several network upgrades, optimism (OP) may enter an upward trajectory. If the coin grabs the attention of major investors, the OP could rise to $15 by 2024.

Optimism (OP) forecast prices 2025

If optimism (OP) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next three years, OP will rise to $20.

Optimism (OP) forecast prices 2026

If optimism (OP) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next four years, the OP will rise to $25.

Optimism (OP) forecast prices 2027

If optimism (OP) maintains key resistance levels and continues to be recognized as a better investment option among investors over the next five years, the price of OP will rise to $30.

Optimism (OP) forecast prices 2028

If optimism (OP) holds a strong position as a better investment option for the next six years, it could see significant price hikes. Thus, by 2028, the price of OP will reach $35.

Optimism (OP) forecast prices 2029

If investors flock and continue to place their bets on optimism (OP), this will see major spikes. OP could reach $40 by 2029.

Optimism (OP) forecast prices 2030

With greater developments in the optimism ecosystem, the cryptocurrency community may continue to invest in optimism (OP) over the next eight years and drive the token into price spikes. Thus, optimism (OP) could reach $45 by 2030.

conclusion

With the continuous improvements in the optimism network, we can say that 2022 is a good year for the OP. For this reason, the bullish price forecast for optimism (OP) in 2022 is $3,259. On the other hand, the bearish price forecast for the Optimism (OP) price forecast for 2022 is $0.437.

Moreover, with developments and upgrades in the optimism ecosystem, it will help OP’s performance to reach all-time high (ATH) at $2.21 very soon. But, it could also be $5 if investors think OP is a good investment in 2022.

Instructions

1. What is optimism (OP)?

Optimism (OP) is a two-layer blockchain on top of Ethereum. Optimism takes advantage of the security of the Ethereum mainnet and helps scale the Ethereum ecosystem with the use of optimistic clusters.

2. Where to buy optimism (OP)?

Optimism (OP) is listed on several cryptocurrency exchanges including Binance, WhiteBIT, KuCoin, OKX, and Gate.io.

3. Will optimism (OP) Getting to a new ATH soon?

With the continuous developments and updates in the Optimism platform, Optimism (OP) has a high potential to reach ATH soon.

4. What is the current height at all (ATH) for optimism (OP)?

On August 4, 2022, optimism (OP) reached an all-time high (ATH) at $2.21.

5. Is optimism (OP) A good investment in 2022?

Optimism (OP) appears to be one of the most profitable cryptocurrencies this year. According to the optimism’s recorded achievements in the past few months, OP is a good investment in 2022.

6. Can optimism (OP) up to 5 bucks?

Optimism (OP) is one of the active cryptocurrencies that continues to maintain its bullish state. Finally, if this bullish trend continues, optimism (OP) will reach $5 soon.

7. What is the Price of Optimism (OP) by 2023?

The price of optimism (OP) is expected to reach $10 by 2023.

8. What is the Price of Optimism (OP) by 2024?

The price of optimism (OP) is expected to reach $15 by 2024.

9. What is the price of optimism (OP) by 2025?

The price of optimism (OP) is expected to reach $20 by 2025.

10. What will be the Price of Optimism (OP) by 2026?

The price of optimism (OP) is expected to reach $25 by 2026.

Disclaimer: The opinion expressed in this graph is that of the author only. It does not represent any investment advice. TheNewsCrypto team encourages everyone to do their own research before investing.

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