CRYPTO

Is it too late to buy the reference? Predicting the optimism price

[ad_1]

Optimism (OP) was a ground trip in 2025. After declining to about $ 0.52 in April, it quickly wore, and climbed approximately $ 0.95. But this gathering did not last. OP PRICE has decreased since then, and it is now traded at $ 0.8315, an increase of about 3.28 % during the past day.

With the trading volume jumped over 15 %, a lot of eyes returned to OP. The big question? Is this just a temporary bounce, or is there something greater in the background? Traders dig in the plans and indicators to find out.

What the graph and indicators say

The optimism scheme shows a long -term declining trend that is still in play. The code reached its climax about $ 2.70 in January 2025 steadily before slipping. The simple moving average for 200 days (SMA), is currently at $ 1.383, turns to a decrease, which enhances the declining structure.

source: Tradingvief.com

However, the last basic procedure provides some hope for bulls. After reaching the lowest point per year near 0.52 dollars, the reference price was sharply bounced to the resistance test slightly less than $ 1.00. It has failed to penetrate, and has since returned to $ 0.83. Despite the rejection, the current region appears to range between $ 0.70 and $ 0.83 that holds as a support base.

The momentum also picked up in the short term, as daily indicators indicate the increasing interest of the buyer.

What the indicators tell us

Five main indicators flip up bullish signs:

indexvalueexplanation
MACD0.035The bullish intersection, the momentum turns into positive
CCI97.86A strong rising area, below the peak directly
The final oscillator58.57Time -up momentum
ROC14.27The strong upward trend moves over the past 14 days
Taurus power/bear0.166Buyers carry control near the current levels

These values ​​indicate that the bulls began to restore control. However, the resistance area, which ranges between $ 0.95 and $ 1.00, rejected the price twice in May, making it a basic level of viewing.

Also read: Jasmycoin (Jasmy) vs. Stellar (XLM): Where should you put $ 2000 now?

Optimistic price expectations (reference)

If OP keeps $ 0.70 to $ 0.73 and more than $ 1.00 is broken with a strong size, it may target $ 1.10 to $ 1.15 after that. A more rough scenario can see him test SMA for 200 days at $ 1.38.

On the downside, failure to retain more than $ 0.70 to re -test the $ 0.55 region, and break below that will display its lowest new annual levels.

So, is it too late to buy the reference?

Not exactly. Although the distinctive symbol has already recovered from the bottom, it is still trading without the main resistance and away from its highest levels in 2025. It may not be FOMO moment, but the OP price still provides a chance, Especially if the reflection of the trend is confirmed on the 1.00 dollar sign. Currently, the distinctive symbol remains in the waiting and vision area, where both bulls and bears are tested.

Follow us X (twitter)and Coinmarketcap and Binance Square For more daily encryption updates.
Read the recent encryption market updates, news and technical analysis here.

We recommend etoro

We recommend etoro

Do not invest unless you are ready to lose all the money you invest. This is a highly dangerous investment and you should not expect to protect it if something happens. Take two minutes to learn more

The community of active users and social features such as news extracts, and chats to obtain specific metal coins available for trading.
A wide range of assets: cryptocurrencies along with other investment products such as stocks and traded investment funds.
Trading copies: It allows users to copy prominent traders trading, for free.
Easy to use: ETORO web platform on the web -based etoro and the mobile application is easy to use and easy to move.

Smart encryption
How is it Ordinary people achieve the returns of up to 70 % a year without danger? By setting up BOT Pionex Grid for free – click the button to learn more.
Crypting arbitration is still working like magic, if you do it properly! Check the alphador, which leads the encryption arbitration robot to find out the best way to do so.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button