- The OPTI coin price is currently trading at $0.1964 while observing a decline of 4.45% during intraday.
- It gave a huge return of 38.04% during the weekly trading session.
Optimus AI (OPTI) is a decentralized Ethereum-based blockchain project. It was made on the birth of the official Optimus Twitter. Optimus AI offers to provide exposers and resources to some of these innovations and has a goal of building and fostering the largest AI community.
Past Actions of the OPTI Coin
In May 2023, the OPTI coin price gave a breakdown of a major support level at $0.2829, which played an important role in declining 50% of its value. Subsequently, the price fell to a $0.1307 support level and became a second support level.
From that level, the coin price surged almost 124% toward the breakdown level of $0.2829. After retesting that level, the coin price fell again over 70% to the $0.0.781 support level, causing bearish sentiments.
However, rather than falling from the level, the OPTI coin price consolidated between the $0.1606 upper and $0.0586 lower levels. The coin price formed a huge bullish candle on 27 October 2023, which gave a breakout from the upper range.
The OPTI token price has a total circulating supply value of $17,240,182. It is currently decreasing by 20.41% during the last 24 hours.
The OPTI coin price is currently performing above the 50-day EMA and the 200-day EMA and showing an uptrend. In a closer look, the price took support on the 200-day EMA slope which is preventing the price from falling. At present, both the EMAs are at $0.1266 and $0.1668 levels respectively.
At press time, the OPTI coin price is trading at the $0.1964 level after breaking above the consolidation ranges. Subsequently, it took support from the upper consolidation range of the $0.1606 level. In the last three trading sessions, the OPTI coin price faced resistance from the $0.2518 immediate level, reflecting the strong bears’ presence at that level. If the price closes below the $0.1307 support level, it may be seen falling toward the $0.0781 support level.
According to the relative strength index (RSI), the OPTI coin price is overcoming the over-bought area by showing a small bearish divergence. At present, the RSI is sloping at 62.33 toward the 50-mark middle band.
Conclusion
The OPTI coin price is currently performing in an uptrend. It recently formed some impulsive bullish candles, which led to the breakout of the upper consolidation range. The 50-day EMA and the 200-day EMA are moving below the current coin price also indicating an uptrend. So, If the price closes below the $0.1307 support level, it may be seen falling toward the $0.0781 support level. However, for the continuation of the bullish trend, it should break above the $0.3161 resistance level.
Technical Levels
- Resistance levels: $0.2518 and $0.3161
- Support levels: $0.1307 and $0.0586
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or any other advice. Investing in or trading crypto assets comes with the risk of financial loss.