Optimism Price Prediction for Today, February 8

The Optimism value prediction reveals that the OP value stays above the 9-day and 21-day shifting averages to proceed the bullish motion.

Optimism Value Might Drop 25%

The value of Optimism has skilled important volatility throughout the unlocks occasion, surging 94% over the previous week and practically 25% within the final day alone. This habits aligns with the “buy-the-rumor” narrative, suggesting {that a} “sell-the-news” state of affairs is perhaps unfolding.

Optimism Prediction Statistics Knowledge:

Optimism value now – $3.43
Optimism market cap – $3.1 billion
Optimism circulating provide – 957.3 billion
Optimism whole provide – 4.2 billion
Optimism Coinmarketcap rating – #26

OP/USD Market

Key Ranges:

Resistance ranges: $5.0, $5.5, $6.0

Help ranges: $2.0, $1.5, $1.0

OP/USD is at present exchanging arms at $3.43 because the coin consolidates inside the channel. The OP value is heading towards the higher boundary of the channel. Nevertheless, Optimism must give attention to the bullish motion to information towards the downward strain whereas the closest help expects the coin at $2.0, which could possibly be the every day low.

Optimism Value Prediction: The Optimism Might Transfer Upward

The Optimism value stays above the 9-day and 21-day shifting averages as a result of any bearish motion to the south might convey the coin to the help ranges of $2.0, $1.5, and $1.0. Nevertheless, OP/USD is buying and selling at $3.43 and nonetheless buying and selling above the shifting averages. On the upside, a sustained transfer towards the higher boundary of the channel might create extra energy for the bulls with the give attention to shifting the market to the following resistance ranges of $5.0, $5.5, and $6.0 respectively.

In the mean time, the 9-day shifting common is more likely to cross above the 21-day shifting common, which signifies that the market might face the upside. Wanting on the every day chart, there could also be a necessity for help to be fashioned round $3.2 to supply tight safety which might permit the patrons to focus on stirring motion to the north.

OP/BTC Consolidates Above the Transferring Averages

In opposition to Bitcoin, the Optimism value is hovering above the 9-day and 21-day shifting averages because the sellers purpose to convey the worth to the draw back which might fall towards the decrease boundary of the channel, whereas the 9-day MA stays beneath the 21-day MA.

Nevertheless, if the bulls succeeded in breaking towards the higher boundary of the channel, the OP value might possible hit the potential resistance stage at 1000 SAT and above. Quite the opposite, any bearish motion beneath the decrease boundary of the channel might convey the worth to the help stage of 500 SAT and beneath.

On his X account, Crypto Rover shared along with his 670k followers that Optimism (OP) ranks amongst his high #Altcoin holdings. He believes they at present sit at a stable help stage poised for additional upward motion. Ought to a breakdown happen, he notes the following help stage at $1.9. Nevertheless, @rovercrc is optimistic about Optimism’s potential, foreseeing a 30x enhance within the subsequent bull run from its present place.

$OP

That is considered one of my high #Altcoin holds.

I believe we’re at a superb help stage for an additional move-up.

If we see a breakdown, the following help is $1.9

However I consider Optimism has the potential to do a 30x within the subsequent bull run from right here. https://t.co/qypzKYyoQa pic.twitter.com/es9Ef91irx

— Crypto Rover (@rovercrc) January 29, 2024

Optimism Alternate options

The Optimism (OP) value is approaching the higher boundary of the channel, signaling potential bullish momentum. Nevertheless, merchants anticipate a bullish continuation if the development persists. In the meantime, the 9-day shifting common nearing a crossover above the 21-day shifting common signifies the emergence of one other resistance stage.

Regardless of the Optimism (OP) established place because the Twenty sixth-ranked cryptocurrency with a market cap of $3.1 billion, the up-and-coming Bitcoin Minetrix ($BTCMTX) token, with over $10.5 million in its presale stage, presents buyers with a promising development alternative. Choosing $BTCMTX funding might result in greater returns given its early-stage development trajectory.

$10M Milestone Reached: Bitcoin Minetrix ICO Emerges as High Contender for 10X Development!

Traders, seize the chance with the Bitcoin Minetrix ($BTCMTX) token! With a staggering $10.5 million raised throughout its presale part, $BTCMTX presents a profitable avenue for development. Investing in $BTCMTX now might pave the best way for important returns, using on its promising early-stage trajectory. Don’t miss out on the possibility to be a part of this dynamic journey in the direction of monetary success!

You’ll be able to profit from Bitcoin Minetrix immediately.

Associated Information

New Crypto Mining Platform – Bitcoin Minetrix

Audited By Coinsult
Decentralized, Safe Cloud Mining
Earn Free Bitcoin Each day
Native Token On Presale Now – BTCMTX
Staking Rewards – Over 50% APY