Based on today's classical pivot point (P1) with the value of $0.1310, Optimism has support levels of $0.1289, $0.1257, and the strongest at $0.1236. Similarly, Optimism resistance levels are at $0.1342, $0.1362, and $0.1395.
| # | Price | Strength |
|---|---|---|
| S1 | $0.1289 | |
| S2 | $0.1257 | |
| S3 | $0.1236 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.1342 | |
| R2 | $0.1362 | |
| R3 | $0.1395 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 48.06 | NEUTRAL |
| Stoch RSI (14) | 14.22 | BUY |
| Stochastic Fast (14) | 14.62 | BUY |
| Commodity Channel Index (20) | -47.19 | NEUTRAL |
| Average Directional Index (14) | 20.82 | NEUTRAL |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.02 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -85.38 | BUY |
| Bull Bear Power (13) | -0.01 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 44.13 | NEUTRAL |
| VWMA (10) | 0.14 | SELL |
| Hull Moving Average (9) | 0.12 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.15 | NEUTRAL |
Over the past 7 days, Optimism price was most positively correlated with the price of Bonk (BONK), Floki Inu (FLOKI), Artificial Superintelligence Alliance (FET), Immutable X (IMX) and Tezos (XTZ) and most negatively correlated with the price of DeXe (DEXE), Kaia (KAIA), TRON (TRX), Venice Token (VVV) and Cosmos (ATOM).
| Name | Correlation |
|---|---|
| Bonk | 0.985 |
| Floki Inu | 0.979 |
| Artificial Superintelligence Alliance | 0.974 |
| Immutable X | 0.973 |
| Tezos | 0.972 |
| Name | Correlation |
|---|---|
| DeXe | -0.725 |
| Kaia | -0.646 |
| TRON | -0.476 |
| Venice Token | -0.455 |
| Cosmos | -0.384 |
Optimism price is positively correlated with the top 10 coins by market cap with a price of 0.668, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.634.
Currencies that are positively correlated with Optimism indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Optimism, a move in one direction for Optimism would translate into a move in the opposite direction for the negatively correlated coin.
