Optimism (OP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Thursday, the crypto has advanced 0.14% to $1.37.
InvestorsObserver is giving Optimism a 45 Volatility Rank. Find out what this means to you and get the rest of the rankings on Optimism!
Moderately Volatile
InvestorsObserver gives Optimism a moderate volatility rank of 45, placing it in the bottom 45% of cryptos on the market.The Volatility Gauge follows which means that one day won't define its volatility rank - a trend will. OP's moderate volatility reading is coupled with a low reading on the Risk/Reward Gauge, meaning that the token has moderate price swings and is well protected from price manipulation.
Optimism price is favorably positioned going forward. With support set at $1.3 and resistance near $1.46. This positions Optimism with room to run before facing selling pressures.