Optimism's (CRYPTO: OP) price has decreased 8.1% over the past 24 hours to $1.51, continuing its downward trend over the past week of -12.0%, moving from $1.73 to its current price.

The chart below compares the price movement and volatility for Optimism over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Optimism's trading volume has climbed 36.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has increased 5.5%. This brings the circulating supply to 1.26 billion, which makes up an estimated 29.22% of its max supply of 4.29 billion. According to our data, the current market cap ranking for OP is #49 at $1.90 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.