{"id":377452,"date":"2023-02-24T07:42:03","date_gmt":"2023-02-24T12:42:03","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=377452"},"modified":"2023-02-27T13:34:26","modified_gmt":"2023-02-27T18:34:26","slug":"op-price-prediction-optimism-rises-13-1-to-2-9-is-op-set-to-surpass-its-3-2-resistance-after-coinbase-partnership","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/op-price-prediction-optimism-rises-13-1-to-2-9-is-op-set-to-surpass-its-3-2-resistance-after-coinbase-partnership","title":{"rendered":"OP Price Prediction: Optimism Rises 13.1% to $2.9, Is OP Set to Surpass Its $3.2 Resistance After Coinbase Partnership?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Over the past week, OP has been on an upward trend, with its price increasing from $2.5 to $2.9. This represents a significant gain of 13.1%, which is impressive considering the cryptocurrency market&rsquo;s volatility. Additionally, the trading volume for OP has also increased, indicating that there is renewed interest in cryptocurrency.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Optimism Partners With Coinbase as a Core Developer for the Open-source Op Stack<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Coinbase, a well-known cryptocurrency exchange, revealed that it had built a foundation L2 network utilizing Optimism&rsquo;s OP Stack. Coinbase recently partnered with Optimism as a core developer for the open-source OP Stack, a developer toolkit created for the Optimism network.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/coinbase-is-not-giving-up-on-nft-marketplace\"><span style=\"font-weight: 400\">Coinbase&rsquo;s involvement<\/span><\/a><span style=\"font-weight: 400\"> in the project isn&rsquo;t limited to Ethereum alone. The company intends to offer users secure and convenient entry to L2 networks like Optimism and other blockchain ecosystems, including Solana.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Today, we welcome a new entrant to our ecosystem: <a href=\"https:\/\/twitter.com\/coinbase?ref_src=twsrc%5Etfw\">@Coinbase<\/a>.<\/p>\n<p>They are launching a new L2 blockchain called 'Base'<\/p>\n<p>Built on the OP Stack &#128308;_&#128308;<\/p>\n<p>Coinbase also joins <a href=\"https:\/\/twitter.com\/OPLabsPBC?ref_src=twsrc%5Etfw\">@OPLabsPBC<\/a> as core contributors to the most OverPowered public good in the game.<a href=\"https:\/\/t.co\/H1CRC6E1YB\">https:\/\/t.co\/H1CRC6E1YB<\/a><\/p>\n<p>&mdash; Optimism (@Optimism) <a href=\"https:\/\/twitter.com\/Optimism\/status\/1628762307567185927?ref_src=twsrc%5Etfw\">February 23, 2023<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span style=\"font-weight: 400\">The OP Stack seeks to break down these silos and create a unified layer that enables various L2 solutions to interact seamlessly. This integration will result in a more efficient and effective overall system, allowing for better scalability and innovation.<\/span><\/p>\n<p><span style=\"font-weight: 400\">So, what can we expect for OP&rsquo;s future price movements? Based on the current market trends and the growing demand for layer 2 solutions, it is likely that OP will continue to experience positive price movements in the coming weeks. If the bullish sentiment in the market continues, we could see OP&rsquo;s price <\/span><a href=\"https:\/\/insidebitcoins.com\/news\/optimism-op-price-prediction-is-the-3-price-level-sustainable\"><span style=\"font-weight: 400\">surpass its resistance level of $3.2.<\/span><\/a><\/p>\n<h2><span style=\"font-weight: 400\">OP Price Prediction: OP Market Price Analysis<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Optimism (OP) has witnessed a surge in its trading price over the last 24 hours. At the time of writing, <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/optimism\"><span style=\"font-weight: 400\">OP is trading at $3.01<\/span><\/a><span style=\"font-weight: 400\">, reflecting a 6.50% increase in value. OP has seen an impressive 13.10% price hike in the past week. As a result of this recent price surge, Optimism&rsquo;s market capitalization has reached an impressive $639,179,352.<\/span><\/p>\n<p><img decoding=\"async\" class=\"alignnone size-full wp-image-377454\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/OP.jpeg\" alt=\"OP price chart according to CoinGecko. 24th Feb\" width=\"868\" height=\"522\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/OP.jpeg 868w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/OP-300x180.jpeg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/OP-768x462.jpeg 768w\" sizes=\"(max-width: 868px) 100vw, 868px\"><\/p>\n<p><span style=\"font-weight: 400\">The total circulating supply of Optimism (OP) is around 210 million units. According to the latest data, the trading volume for this digital currency over the last 24 hours stands at $807,124,261.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Optimism (OP) stands out in the world of cryptocurrencies with a notable 13.20% increase in price over the last seven days. This performance is remarkable, especially compared to the global cryptocurrency market, which has experienced a decline of -2.00% during the same period.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, Optimism (OP) is outperforming similar cryptocurrencies in the Optimism Ecosystem, which has seen a modest increase of 2.90% in the last seven days. This indicates that Optimism (OP) is experiencing strong investor confidence and has an upward growth trajectory.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">OP\/USD Daily Chart Analysis: The Resistance Retest<\/span><\/h2>\n<figure id=\"attachment_377453\" aria-describedby=\"caption-attachment-377453\" style=\"width: 1280px\" class=\"wp-caption alignnone\"><img decoding=\"async\" class=\"wp-image-377453 size-full\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/OP-TRADING-VIEW.jpeg\" alt=\"OP\/USD Daily Chart Analysis\" width=\"1280\" height=\"595\" srcset=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/OP-TRADING-VIEW.jpeg 1280w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/OP-TRADING-VIEW-300x139.jpeg 300w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/OP-TRADING-VIEW-1024x476.jpeg 1024w, https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/02\/OP-TRADING-VIEW-768x357.jpeg 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\"><figcaption id=\"caption-attachment-377453\" class=\"wp-caption-text\">OP\/USD Daily Chart Analysis. Source: Tradingview.com<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">OPUSD is trading upward along the ascending channel, creating higher highs and lows. The price of OP is trading above the 200-day and 50-day moving averages. The 50-day moving average is acting as a support below the channel. After hitting the resistance level at $3.2, OP&rsquo;s price shows a retracement that sent it to its former support at $2.2. However, the price is now approaching the resistance level. Can it surpass the resistance level?<\/span><\/p>\n<p><span style=\"font-weight: 400\">The moving average crossover at $1.06 shows that the price of OP might be testing new highs soon. Additionally, the RSI, which shows the overbought and oversold regions, is trading above the 50-level mark at 62, which indicates a neutral position between buyers and sellers.&nbsp;<\/span><\/p>\n<p><span style=\"font-weight: 400\">The partnership between Coinbase and Optimism might catapult the prices above the resistance level. It remains to be seen how strong the resistance level is. However, should the price break above, we expect the OP price to hit $4.5 by the end of March.<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Related<\/span><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/dogecoin-price-prediction-doge-remains-unchanged-despite-musks-tweets\"><span style=\"font-weight: 400\">Dogecoin Price Prediction: DOGE Remains Unchanged Despite Musks Tweets<\/span><\/a><\/li>\n<li style=\"font-weight: 400\"><a href=\"https:\/\/insidebitcoins.com\/news\/flare-token-price-prediction-for-today-february-23-is-flare-flr-a-good-investment-in-2023\"><span style=\"font-weight: 400\">Flare Token Price Prediction for Today, February 23: Is Flare (FLR) a Good Investment in 2023?<\/span><\/a><\/li>\n<\/ul>\n                                        <div class=\"inContentProviderSingle inContentColor--insidebitcoins fc-row\">\n                        <div class=\"inContentProviderSingle--wrapper\">\n                            <div class=\"container\">\n                                <div class=\"row mb-lg-3\">\n                                    <div class=\"col-12 col-md-8\">\n                                        <p class=\"inContentProviderSingle--title\">Most Searched Crypto Launch - Pepe Unchained<\/p>\n                                    <\/div>\n                                    <div class=\"col-12 col-md-4\">\n                                        <div class=\"inContentProviderSingle--rating\">\n                                            <div class=\"rating--holder\">\n                                                <p class=\"rating--text\">Rating<\/p>\n                                                <div class=\"rating--star-container\">\n                                                    <div class=\"rating--star\" style=\"width: 100%;\"><\/div>\n                                                <\/div>\n                                            <\/div>\n                                        <\/div>\n                                    <\/div><!--\/.col-md-4-->\n                                <\/div><!--\/.row-->\n                                <div class=\"row\">\n                                    <!-- *******  Desktop Provider Logo ********** -->\n                                    <div class=\"col-12 col-md-12 text-center d-block d-sm-block d-md-none d-lg-none\">\n                                        <img decoding=\"async\" class=\"inContentProviderSingle--img mb-3\" src=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2024\/08\/pepu.svg\" alt=\"Pepe Unchained\" width=\"125\" height=\"60\">\n                                    <\/div>\n\n                                    <div class=\"col-12 col-md-8\">\n                                                                                    <ul class=\"inContentProviderSingle--list\">\n                                                                                                    <li>Layer 2 Meme Coin Ecosystem<\/li>\n                                                                                                    <li>Featured in Cointelegraph<\/li>\n                                                                                                    <li>SolidProof &amp; 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This represents a significant gain of <a class=\"read-more-link\" href=\"https:\/\/insidebitcoins.com\/in-content-providers\/a-default-box\" title=\"A Default Box\">[&#8230;]<\/a><\/div>","protected":false},"author":1907,"featured_media":377989,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[13458,13459,12079],"class_list":["post-377452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-op","tag-op-price-prediction","tag-optimism"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.8 (Yoast SEO v23.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>OP Price Prediction: Optimism Rises 13.1% to $2.9, Is OP Set to Surpass Its $3.2 Resistance After Coinbase Partnership? - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"Will the new Optimism partnership with Coinbase push its price past the $3.2 resistance level? 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