The OP coin started trading in May of last year. The volatility was high in the last 7 months, as they went like a roller coaster for OP investors. However, with the ascend of January, the coin finally started rising above. The OP coin made an all-time high of $3.29 during the bullish phase of February. However, since then, the trend is negative.
At press time, the OP coin is trading at a slight uptrend, as can be seen in the weekly graph. The current trading price is $1.409. The current support level is at $1.248, while the relative strength index is trading in a sideways trend. In addition to this, RSI has made a bullish crossover with its simple moving average (SMA) line which can result in a further uptrend.
OP Price Prediction 2024-2027
| Price Prediction | Potential Low ($) | Average Price ($) | Potential High ($) | Growth in % | Volatility change |
| 2024 | 1.343 | 1.711 | 2.079 | 47.34% | 155% |
| 2025 | 1.83 | 2.191 | 2.552 | 22.75% | 139% |
| 2026 | 2.207 | 3.166 | 4.125 | 61.64% | 187% |
| 2027 | 4.961 | 6.2335 | 7.506 | 81.96% | 151% |
OP Price Prediction 2024
According to the prediction for OP coin price in 2024, the digital currency may witness a substantial increase of up to 47% from its current value. The increase is not too high considering the coin is already on an uptrend since the start. A detailed analysis of the weekly chart patterns has revealed some optimistic indications for 2024 which can come in handy for investors. It is predicted that OP could reach a potential high of $2.079 by the year 2024.
OP Price Prediction 2025
By the time 2025 arrives, the OP coin might be filled with investors. Despite this, the bulls might face strong rejections as the coin will be near its all-time high levels. The prediction level for 2025 is below the all-time high, with OP projected to reach $2.552 and the average price to be around $2.191.
OP Price Prediction 2026
In 2026, the coin is primarily expected to break past the current all-time high. Therefore, the forecasted potential high price for the OP coin is 4.125, and the average volatility for the year 2026 will be highest at 187%.
OP Price Prediction 2027
As per the OP price prediction for the year 2027, it appears that the market sentiment will be bullish and there is a likelihood of an upward trend. The top cryptocurrencies are expected to gain from the growing acceptance of digital currencies and blockchain. Based on the projection, OP may potentially reach a peak of $7.506 by 2025 which will be a surge of 81.96% from the previous year’s high.
Conclusion
Since the start of 2022, the value of OP coin has been highly volatile. Despite the volatility, the coin is still on an uptrend. The Optimism price prediction indicates a high demand for digital currency acceptance which will benefit the cryptocurrencies, including the OP coin.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks, cryptos or related indexes comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast and believes that cryptocurrencies inspire people to be their own banks and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning.
Source: https://www.thecoinrepublic.com/2023/11/02/op-price-prediction-2024-to-2027-will-op-reach-10-soon/