Optimistic price prediction for today, February 8th

adminFebruary 9, 2024

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Optimistic price forecasts show that operating profit prices are continuing their bullish trend by staying above the 9-day and 21-day moving averages.

Optimism Prices Could Fall 25%

Optimism’s price experienced significant volatility during the unlock event, surging 94% over the past week and nearly 25% in the last day alone. This behavior is consistent with the “buying the rumor” narrative, which suggests that a “selling the news” scenario could be unfolding.

Optimistic Forecast Statistical Data:

Current price of optimism – $3.43
Optimist market capitalization – $3.1 billion
Optimism Circulation Volume – 957.3 billion
Total supply of optimism – 4.2 billion
Optimism Coinmarketcap Ranking – 26th

OP/USD market

Main level:

Resistance levels: $5.0, $5.5, $6.0

Support levels: $2.0, $1.5, $1.0

Bullish Price Prediction for Today, February 8 - OP/USD Technical Analysis — OPUSD – daily chart

OP/USD is currently trading at $3.43 as the coin consolidates within the channel. OP price is heading towards the top of the channel. However, optimism will need to focus on a bullish move to counter downward pressure, with the closest support expected to be at the coin’s daily low of $2.0.

Optimism Price Prediction: Optimism May Rise

The price of the optimist remains above the 9-day and 21-day moving averages as a bearish move south could bring the coin towards support levels of $2.0, $1.5 and $1.0. However, OP/USD is trading at $3.43 and is still trading above the moving average. On the positive side, a continued move towards the upper boundary of the channel could give the bulls more power as they focus on moving the market towards the next resistance levels of $5.0, $5.5, and $6.0 respectively.

As of now, the 9-day moving average is likely to be above the 21-day moving average, indicating that the market could be facing an uptrend. Looking at the daily chart, support may need to form around $3.2 to provide close protection for buyers to focus on provocative action to the north.

OP/BTC consolidates above moving average

The bullish price for Bitcoin is hovering above the 9-day moving average and the 21-day moving average. This is because sellers can drive the price down to the lower boundary of the channel, while the 9-day MA remains below the 9-day moving average. 21st MA.

However, if the bulls succeed in breaking the upper channel, the OP price is likely to reach potential resistance above 1000 SAT. Conversely, a bearish move below the lower boundary of the channel could push the price down to support levels below 500 SAT.

On his X account, Crypto Rover shared with his 670,000 followers that Optimism (OP) is one of his top #Altcoin holdings. He believes the stock is currently at a solid support level that could push it higher. If there is a breakdown, he notes the next support level at $1.9. but, @rovercrc I’m bullish on the potential for bullishness and predict the next bull market will see a 30x increase from where we are today.

$OP
this is one of my best #altcoin I have it.
I think we are at a good support level for another leap forward.
If it breaks down, the next support is $1.9.
However, I believe that optimism has the potential to deliver a 30x performance in the next bull market. https://t.co/qypzKYyoQa pic.twitter.com/es9Ef91irx
— Crypto Rover (@rovercrc) January 29, 2024

Optimism Alternative

Optimism (OP) price is approaching the upper boundary of the channel, signaling potential bullish momentum. However, traders expect strength to continue if the trend continues. Meanwhile, the 9-day moving average crossing above the 21-day moving average indicates the emergence of another resistance line.

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