Optimism (OP) Falls 0.02%, Underperforms the Crypto Market Sunday
Sunday, September 04, 2022 09:06 AM | InvestorsObserver Analysts
Optimism (OP) has been relatively average in terms of volatility when compared to other cryptocurrencies. So far Sunday, the crypto has dropped 1.85% to $1.17.
InvestorsObserver is giving Optimism a 70 Volatility Rank. Find out what this means to you and get the rest of the rankings on Optimism!
InvestorsObserver gives Optimism a moderate volatility rank of 70, placing it in the top 30% of cryptos on the market.
The Volatility Gauge tracks which means that one day won't define its volatility rank - a trend will.
OP's moderate volatility reading is paired 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 in a favorable position going forward. With support near $1.13 and resistance set at $1.2. This positions Optimism with room to run before facing selling pressures.
What is a Token?
Tokens are digital assets that exist on another cryptocurrency's blockchain.
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