NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

Optimism (OP) Flashes Double-digit Gains, Can Bulls Push Price To $2?

jamesobande
jamesobande
1 year ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The price of Optimism (OP) has struggled against tether (USDT) in recent weeks after seeing its price rejected from $2.5. Bitcoin’s (BTC) price showed some great strength bouncing off from a low of $18,500 to a high of $21,000. This movement has affected other altcoins as most cryptocurrencies produce double-digit gains, including Optimism (OP). (Data from Binance)

Related Reading: Helium Coin Price Bloats 30% – Can HNT Expand Past $5?

Optimism (OP) Price Analysis On The Weekly Chart 

The price of OP has had difficulty replicating its bullish move that saw the price rally to $2.5 in recent months as it rallied with a good bullish sentiment. 

After falling from an all-time high of $2.5, OP has struggled to stay afloat as the price fell to a low of $1. OP price has formed good support at $1 with what looks like an area of interest for buyers and investors.

The price of OP closed the week on a high with the new week looking more bullish; this shows strength to recover, and with this momentum from OP, we could see the price revisiting the $2 mark, where it will face resistance to trend higher.

The price of OP is faced with resistance at $2, and if the price of OP flips this region, we could see the price going to a region of $2.5 and even higher.

If the price of OP sustains this bullish bias, the price has a better chance of breaking past $2 and going higher with good buy volume.

Weekly resistance for the price of OP – $2.

Weekly support for the price of OP – $1.

Price Analysis Of OP On The Daily (1D) Chart

Daily OP Price Chart | Source: OPUSDT On Tradingview.com

OP saw its price rejected from $2.5 as the price fell to a low of $1; the price of OP bounced from this after form support to hold off sell orders.

The price of OP rallied from the low of $1 to $1.2, where it faced resistance as prices continued to range between $1 to $1.2. 

After forming a bullish symmetric triangle, the price of OP broke out with strong bias as the price could go from $1.5-$2. A close OP above $1.25 could see the price rally higher after showing bullish movements.

The price of OP trades at $1.28, trying to break and hold above the 50 Exponential Moving Averages (EMA) on the daily timeframe. The price at $1.2 corresponds to the 50 EMA acting as resistance to the price of OP.

OP needs to break above the 23.6% Fibonacci retracement value acting as resistance for the price of OP. If OP breaks and closes above this region, we could see the price going to $1,5.

Daily resistance for the OP price – $1.5-$2.

Daily support for the OP price – $1.2-$1.

OP Price Analysis On The Four-Hourly (4H) Chart

Four-Hourly OP Price Chart | Source: OPUSDT On Tradingview.com

The price of OP in the 4H timeframe continues to look bullish after breaking out of a symmetric triangle with bullish signs; the price retested above the 200 EMA bullish signs could be on the cards. 

OP price trades above the 50 EMA and 200 EMA, with the prices corresponding to $1.1 and $1.22 acting as support areas for the price of OP.

On the 4H chart, the Relative Strength Index (RSI) for OP is below 60, indicating high buy order volume for OP price.

Four-Hourly resistance for the OP price – $1.5.

Four-Hourly support for the OP price – $1.2.

Related Reading: Ethereum Liquidates Over 100 Million As The Price Crosses $1600 Mark
Featured Image From Coinx3, Charts From 
Tweet123Share196ShareSend
jamesobande
jamesobande

jamesobande

James is a blockchain writer and technical Analyst with more than five years of experience in the crypto space.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

ethereum eth

Ethereum Faces September Profit-Taking Risks Despite $638M ETF Boost

Ethereum (ETH) continues to capture institutional attention as strong inflows into spot ETFs highlight the growing demand. Related Reading: The...

James Halver 6 hours ago
dogecoin-previsions-maxi-doge-heritier-crypto

Dogecoin Price Could See Another Double-Digit Surge This Week As These Developments Take Place

The Dogecoin price is once again in the spotlight, with the popular token showing strong upward momentum. Its price has...

Sandra White 7 hours ago
etf-memecoins-etats-unis-reglementation-crypto

Les ETF memecoins aux États-Unis : quel impact pour la réglementation crypto ?

Depuis des années, les memecoins symbolisent la face la plus débridée de la crypto. Dogecoin, Shiba Inu ou encore Bonk...

guillaumev 7 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

SkinsLuck透明化改革引爆CS2賭場革命 黑箱時代結束玩家不再盲賭

Kelvin Lee 12 minutes ago
도지코인, 클린코어 1억 2,500만 달러 매입에 20% 급등… 맥시 도지까지 수혜 가능성

도지코인, 클린코어 1억 2,500만 달러 매입에 20% 급등… 맥시 도지까지 수혜 가능성

Soyeon Lee 36 minutes ago
hyperliquid-usdh-launch-hylq-emerges-key-crypto-investment-tw

HyperLiquid USDH發行權拍板 HYLQ布局成焦點加密投資概念

Peter Chow 1 hour ago

Premium Sponsors

Press Releases

  • 5 kryptoměn, které je třeba sledovat v listopadu kvůli potenciálnímu růstu o 5 000 %

    5 kryptoměn, které je třeba sledovat v listopadu kvůli...

    6 hours ago
  • Kterou kryptoměnu koupit nyní | Nejlepší kryptoměny k investování v roce 2025

    Kterou kryptoměnu koupit nyní – Nejlepší...

    6 hours ago
  • 5 kriptovaluta koje treba pratiti u studenom zbog potencijalnog rasta od 5.000%

    5 kriptovaluta koje treba pratiti u studenom zbog...

    6 hours ago
  • Nejlepší altcoiny k nákupu před rozhodnutím FEDu 17. září o úrokových sazbách

    Nejlepší altcoiny k nákupu před rozhodnutím FEDu 17...

    6 hours ago
  • Najlepšie kryptomeny na investíciu v roku 2025

    Ktorú kryptomenu kúpiť teraz | Najlepšie kryptomeny na...

    7 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.