#OP

Current price and market data ( as of May 11, 2025):
* The live price of Optimism (OP) is currently around $0.73 - $0.92. Prices may vary slightly on different exchanges.
* Optimism ranks #57 - 61 by market capitalization.
* The 24-hour trading volume is significant, ranging from about 87 million dollars to 540 million dollars, indicating active trading.
* Optimism has a circulating supply of about 1.65 billion - 1.66 billion OP coins, while the maximum supply is 4.29 billion OP coins.
Price efficiency:
* 24 hours: Shows positive growth ranging from approximately +0.02% to +16.89%.
* 7 days: Shows a significant increase ranging from approximately +6.74% to +18.19%. * 1 month: Shows positive growth of approximately +14.46% to +26.49%.
* 1 year: Shows a significant decrease of approximately -0.77% to -70.64%. This long-term decline should be viewed in the context of broader market cycles and the launch and distribution of Optimism tokens.
Technical analysis:
* Moving averages: On the 4-hour time frame, OP shows a bullish crossover with the 50-day moving average, which is sloping upwards. However, on the daily time frame, the 200-day moving average is sloping downwards, indicating long-term weakness.
* RSI (Relative Strength Index): The RSI is currently in the neutral zone on the daily chart, indicating a lack of oversold or overbought conditions. On the 4-hour chart, it is in the overbought zone. * Breakout from a descending wedge: Some analysts have noted a potential breakout from a long-term descending wedge pattern on the daily chart, indicating bullish momentum.
News and Development:
* Optimism continues to be an important Layer 2 solution on Ethereum with a significant total locked capital (TVL) in its ecosystem.
* The recent release of the "Istmus" hard fork has become part of the Ethereum Pectra upgrade, which aims to enhance user experience, validator transactions, and layer two scaling.
* The tokenized treasury fund BUIDL from BlackRock is now available on Optimism, indicating a growing institutional interest in the network.
* The market is dominated by a general positive sentiment, which has helped Bitcoin rise above 100,000 dollars and potentially influence the prices of other cryptocurrencies, such as OP.
Prospects (Based on forecasts):
* Price forecasts for Optimism vary. Some suggest a possible rise to $1.12 – $3.82 by the end of 2025.
* Long-term forecasts (2030) vary significantly, with some suggesting potential highs in the range of $14.26 to $39.70.
* It is important to note that these estimates are speculative and depend on various market factors, as well as the further development and adoption of Optimism.
Overall mood:
Short-term sentiment towards Optimism looks positive, driven by recent price increases and positive events in the Ethereum ecosystem. However, the long-term trend is still significantly declining compared to last year, indicating that the token is still recovering from its previous highs.