- Optimism captures crypto traders’ attention with a 5.95% price surge, trading at $1.60.
- Coincodex predicts a 3.5% price decline to $1.450433 by August 3.
- Long-term forecasts reveal a potential $6.41 by 2025 for OP, indicating a 301% gain.
Market data shows Optimism (OP), a prominent layer two scaling solution for the Ethereum blockchain, has been capturing the attention of crypto traders, with a more significant bullish trend in sight.
In the last 24 hours, CoinMarkeCap data shows that crypto traders bought and sold over $88 million worth of OP. This figure is particularly significant as it represents a 27.45% increase from the value obtainable in the last 24 hours, putting its price at $1.60, up by an impressive 5.95%.
Optimism Price Analysis
Meanwhile, according to a recent report from Coincodex, the price of Optimism (OP) is expected to decline 3.5% to $1.450433 by August 3. Its technical indicators suggest that the current market sentiment is neutral, with the Fear & Greed Index standing at 52, also indicating a neutral position.
One of the critical indicators considered in the analysis was the Relative Strength Index (RSI), a momentum oscillato…
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The post Optimism (OP) Price Analysis: Data Shows Feasible 300% Surge to $6.41 appeared first on Coin Edition.