March 6, 2025 OP – Optimism Daily Analysis OP – Optimism Daily Analysis
OP – Optimism Daily Analysis
Outlook
OP current price is 1.02 USDT and the current market cap is 25.696.272 USDT. This chart period started 210 days ago (09 August 2024) with a total of 102 days closing above the opening price and 107 days closing below the opening price. The lowest price was 0.786 USDT on 03 February 2025, and the highest price was 2.77 USDT on 07 December 2024. The current price is 29.26% above the lowest price and 63.36% below the highest price.
Moving Average
Moving Averages (Closing Prices):5-Day Moving Average: 1.0222-Day Moving Average: 1.0950-Day Moving Average: 1.27100-Day Moving Average: 1.70250-Day Moving Average: 1.65500-Day Moving Average: 2.21
Moving Average Analysis
The current price is %0.35 lower than the 5-Day moving average and has been below it for 4 days.The current price is %7.21 lower than the 22-Day moving average and has been below it for 4 days.The current price is %20.26 lower than the 50-Day moving average and has been below it for 33 days.The current price is %40.28 lower than the 100-Day moving average and has been below it for 41 days.The current price is %38.38 lower than the 250-Day moving average and has been below it for 41 days.The current price is %53.94 lower than the 500-Day moving average and has been below it for 79 days.
Trends
The longest uptrend in the 210 day period is 6 days. It started at 1.75 USDT on 31 December 2024 and ended by increasing by 20.37% to 2.11 USDT on 06 January 2025.The longest downtrend is 6 days. It started at 2.54 USDT on 15 December 2024 and ended by decreasing -31.23% to 1.75 USDT on 21 December 2024.
Support & Resistance
This review was made for the last 7 daysLast 7 days support levels: Support: 0.961 USDT on 03-03-2025 Support: 0.874 USDT on 04-03-2025Last 7 days resistance levels: Resistance: 1.18 USDT on 02-03-2025 Resistance: 1.01 USDT on 05-03-2025 Resistance: 1.02 USDT on 06-03-2025The lowest support level is 0.874 USDT on 04-03-2025, and the highest resistance level is 1.18 USDT on 02-03-2025. The percentage difference between these levels is approximately 35.0%.
Volume
The previous trading day’s volume (05-03-2025) 26,075,818.41 USDT. Highest volume in the last 210 days is 196,289,795.04 USDT on 03-02-2025. Lowest volume in the last 210 days is 3,865,981.47 USDT on 19-10-2024. Difference between highest and lowest volume is 4977.36%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 32,298,441.12 USDT22-day Moving Average Volume: 27,795,357.74 USDT50-day Moving Average Volume: 31,489,147.38 USDT100-day Moving Average Volume: 29,775,818.55 USDT250-day Moving Average Volume: 22,352,328.83 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 26,075,818.41 USDT
Previous day’s volume is 19.27% lower than the 5-day moving average.Previous day’s volume is 6.19% lower than the 22-day moving average.Previous day’s volume is 17.19% lower than the 50-day moving average.Previous day’s volume is 12.43% lower than the 100-day moving average.Previous day’s volume is 16.66% higher than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is 16.20% higher than the 22-day moving average.22-day moving average is -11.73% lower than the 50-day moving average.50-day moving average is 5.75% higher than the 100-day moving average.100-day moving average is 33.21% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 14-09-2024 with a volume of 5,634,672.48 USDT and ended on 20-09-2024 with a volume of 15,831,471.16 USDT, lasting for 6 days and representing a 180.97% increase.The longest consecutive volume decrease started on 27-08-2024 with a volume of 17,608,818.49 USDT and ended on 31-08-2024 with a volume of 5,168,866.00 USDT, lasting for 4 days and representing a 70.65% decrease.
Price Volume Coorelation
During the longest volume increasing period price increase from 1.57 USDT to 1.68 USDT, which represents a 7.21% change.During the longest volume decreasing period price increase from 1.37 USDT to 1.42 USDT, which represents a 3.20% change.
Strategy
There is no trend formation at the moment. We should wait until a trend forms.
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
