Optimism OP
Current Price
$0.1220 -6.40%
$0.0129 Daily Range (10.54%)
$0.1183$0.1311
$89.18M Daily Volume
1,072 BTC
Vol/MktCap: 31.79%
Market Performance
0.23% Relative BTC Volume
The total volume of Optimism is $89.18M over the past 24 hours, compared to $38.72B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.1202 +1.48%
13 SMA $0.1201 +1.58%
21 SMA $0.1213 +0.54%
55 SMA $0.1293 -5.68%
144 SMA $0.1313 -7.08%
Price Performance
-0.43% 1 Hour Change
$0.1220 from $0.1225
-6.61% 7 Day Change
-$0.0081 from $0.1300
-1.79% 14 Day Change
-$0.0022 from $0.1242
+9.60% 30 Day Change
$0.0117 from $0.1103
All Time High
March 6, 2024
$4.84 -97.48%
-$4.72 vs. now
24H Change
-19.60M USD -6.53%
-235 BTC
Volume and Supply
Total Supply: 4.29B OP 
2.30B OP Available53.54% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
213.73 x BTC Supply214:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
715.10M OP
traded over past 24 hours
31.10% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Optimism AI Market Analysis
OP’s current price is $0.118406, down 11.06% over 24 hours, and close to the reported daily low of $0.118641. However, the quoted current price is actually below that low, so the price data contain a small inconsistency; the sharp daily decline remains the clearest immediate signal.
All five hourly moving averages are above the current price: the 8-hour SMA is $0.1203, while the 144-hour SMA is $0.1316. The price is 1.57% below the shortest average and 10.06% below the longest, a consistent bearish alignment indicating weakness across the supplied hourly trend measures.
The 1-hour RSI of 7 signals extremely oversold short-term conditions, which raises the possibility of a sharp bounce and argues against treating the decline as one-way. But the 7-day RSI is 46, not similarly extreme, and the data provide no confirmation that selling pressure has ended; the hourly reading is therefore a caution against chasing the move, not a bullish trend signal.
Momentum is negative over the recent week and two weeks, with declines of 10.50% and 10.72%, respectively. The 30-day change is positive at 6.65%, creating a meaningful timeframe conflict, but recent losses have erased much of that longer-period strength and are reinforced by the price’s position below every listed moving average.
Reported 24-hour volume is 80.7 million, and volume relative to market capitalization is 29.64%. These figures show substantial turnover relative to the stated market capitalization, but without a comparison to prior volume or information about trade direction, they do not establish whether buyers or sellers dominated.
OP is roughly 97.6% below its $4.84 all-time high, a stark long-term price context that does not by itself identify a near-term floor or forecast recovery. On balance, the recent price collapse, uniformly overhead moving averages, and negative 7- and 14-day returns outweigh the oversold hourly RSI and positive 30-day return.
The rating is Sell. The primary evidence is the 11.06% daily loss combined with price below all five hourly moving averages and continued negative weekly and biweekly momentum; the possibility of a short-term oversold bounce is real, but is not supported by broader reversal evidence in the supplied data.
All five hourly moving averages are above the current price: the 8-hour SMA is $0.1203, while the 144-hour SMA is $0.1316. The price is 1.57% below the shortest average and 10.06% below the longest, a consistent bearish alignment indicating weakness across the supplied hourly trend measures.
The 1-hour RSI of 7 signals extremely oversold short-term conditions, which raises the possibility of a sharp bounce and argues against treating the decline as one-way. But the 7-day RSI is 46, not similarly extreme, and the data provide no confirmation that selling pressure has ended; the hourly reading is therefore a caution against chasing the move, not a bullish trend signal.
Momentum is negative over the recent week and two weeks, with declines of 10.50% and 10.72%, respectively. The 30-day change is positive at 6.65%, creating a meaningful timeframe conflict, but recent losses have erased much of that longer-period strength and are reinforced by the price’s position below every listed moving average.
Reported 24-hour volume is 80.7 million, and volume relative to market capitalization is 29.64%. These figures show substantial turnover relative to the stated market capitalization, but without a comparison to prior volume or information about trade direction, they do not establish whether buyers or sellers dominated.
OP is roughly 97.6% below its $4.84 all-time high, a stark long-term price context that does not by itself identify a near-term floor or forecast recovery. On balance, the recent price collapse, uniformly overhead moving averages, and negative 7- and 14-day returns outweigh the oversold hourly RSI and positive 30-day return.
The rating is Sell. The primary evidence is the 11.06% daily loss combined with price below all five hourly moving averages and continued negative weekly and biweekly momentum; the possibility of a short-term oversold bounce is real, but is not supported by broader reversal evidence in the supplied data.
Updated 410 minutes ago. AI can make mistakes. Do not use this information to make actual financial or investment decisions.