- Optimism price prediction indicates the token is trading at the verge of the symmetrical triangle pattern over the daily time frame chart.
- OP crypto has recovered above 20, 50, 100 and 200-days Daily Moving Average.
- The pair of OP/BTC was at 0.00008499 BTC with an intraday gain of 8.51%.
Optimism price prediction suggests the token’s strong uptrend momentum towards the breakout from the symmetrical triangle pattern. Meanwhile, buyers are trying to provide the push for the OP token to register its breakout from the upper trendline of the symmetrical triangle over the daily time frame chart. However, sellers’ are still present in the trade to pull OP crypto back inside the pattern.
Optimism price needs to maintain the current accumulation rate in order to sustain at the neckline of the symmetrical triangle pattern. Moreover, OP crypto price is trying to maintain itself above the 20, 50, 100 and 200-days Daily Moving Average and register the token’s breakout.
Optimism price was at $2.61 and has gained 7.52% of its market capitalization during the day’s trading session. Trading volume has increased by 91% showcasing the accumulation rate of bulls during the intraday trading session. Volume to market cap ratio was at 0.2982.
Optimism Price Gained 186% Year To Date!
Optimism price prediction indicates the recovery phase of OP token from the symmetrical pattern over the daily time frame chart. Meanwhile, OP crypto must maintain the current accumulation rate of bulls in order to sustain at the neckline of the symmetrical triangle pattern. Trading volume is above average showcasing the accumulation rate.
Optimism price has gained around 15.65% in a week and 64.55% in the last three months. OP crypto has recovered around 281.80% in six months. Moreover, Optimism cryptocurrency has soared 186.04% year to date suggesting the maximum recovery of OP cryptocurrency during 2023.
Technical indicators suggest the upward momentum of Optimism price. Relative strength index showcases the uptrend momentum of OP token. RSI was at 61 and is straight towards the overbought territory.
MACD exhibits a strong upside trend of Optimism crypto. The MACD line is above the signal line after a positive crossover. Investors in OP crypto need to wait until the OP crypto price sustains and breaks out from the symmetrical triangle pattern.
Summary
Optimism price prediction suggests the token’s strong uptrend momentum towards the breakout from the symmetrical triangle pattern. Optimism crypto needs to maintain the current accumulation rate in order to sustain at the neckline of the symmetrical triangle pattern. Trading volume is above average showcasing the accumulation rate. Technical indicators suggest the upward momentum of Optimism price. Investors in OP crypto need to wait until the OP crypto price sustains and breaks out from the symmetrical triangle pattern.
Technical Levels
Resistance Level: $2.75 and $3.15
Support Level: $2.40 and $2.30
Disclaimer-
The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
Source: https://www.thecoinrepublic.com/2023/04/14/optimism-price-prediction-op-gained-near-10-breakout-expected/