When analyzing the price of Optimism to form a price prediction for the short or long term, taking both technical and fundamental analysis into account is essential.The recent official news of Optimism reveals its plan to issue a native token “OP” and announce an economic model. The cryptocurrency market is extremely volatile and hard to predict in the long term so researching the fundamentals and progress of Optimism is an essential task before deciding to invest any amount of funds for the long term with the aim of holding for months or years. Using horizontal resistance and support levels, moving averages, various indicators and other techniques, you can make an educated price prediction on whether the price will go up or down in the next few days, weeks and months. Long term we think OP will appreciate based on the fundamentals of the Optimism project and the progress the Team is making towards their roadmap goals and milestones.īy using Technical Analysis we are able to predict what the price of OP may be in the short term and calculate our investment sizes accordingly. We can predict the price of OP both in the short term and long term, but expectations need to be reasonable for each. When deciding on if Optimism (OP) is a good investment for you, taking into account risk and reward is crucial. Using prior price data, predictive modelling and Investor sentiment scraped from various sources online, a Optimism (OP) price prediction of around $25.00 – $100 USD is what our data shows could be possible in 2023-2025 given the fundamentals of Optimism and prior price data of the OP token. Creating a Optimism price prediction from collated data is an overall useful step in determining whether a long term investment is expected to be profitable. You’ll need to keep track of newsletters, social media, upcoming events, overall Investor sentiment and market conditions as they change over time to determine when to buy or sell at the right time. Long term trends determined by technical analysis from years of historic price data will assist in predicting the years ahead, but fundamental analysis is key. This OP price prediction is based on several data sets and predictive modelling which assumes the current long term trend driving the price of OP continues in an upwards direction with no major setbacks.įundamental analysis of Optimism is crucial when predicting the price of the OP token in the long term. Through current trends, Investor sentiment and the overall direction of the cryptocurrency market, we think Optimism (OP) has a good chance of visiting the $5.00 – $15.00 USD mark in 2022 as long as the trend continues and the Team continues to work on their products and partnerships.įrom 2023 to 2025 we think the price of OP to visit the $25.00 – $100 USD area as the Team continues to develop their products and those products receive adoption from the target audience. Technical analysis holds more weight against fundamental analysis in determining short term OP price movements but it’s important to acknowledge upcoming events in the coming weeks and months. Researching what the Optimism Team is doing in the next few months can help you determine whether or not an investment will be profitable after certain events, roadmap goals or milestones are met. We think that price could reach somewhere around the $5.00 – $15.00 USD mark in the next few months.įundamental analysis should be a part of your analysis when creating your own Optimism price prediction.

Using support/resistance, trendlines, moving averages and simple indicators like the RSI, you can create a reasonably accurate Optimism price prediction for 3, 6 and 12 months ahead of time.

From this data you may be able to create your own OP price prediction and trade accordingly. Seeing as price has interacted with these marked areas many times in the past, Traders can use these areas in which to setup buy or sell orders depending on what they believe will happen. In the following chart we can see that price has had many interactions with the areas marked in yellow, specifically at points marked by green arrows.

Predicting the price of OP can also be useful for determining sell targets if you’re already holding OP and wondering where to sell for the highest profit. Horizontal support levels can be identified by counting the amount of times a a price tests and bounces from a particular price on the way down. Horizontal resistance levels can be identified by counting the amount of times a price is tested and rejected on an attempt upwards. Identifying levels of support and resistance are often all it takes to start creating a OP price prediction, at least in the short to mid-term.

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