Captured By Tracy D'souza / 7:34 pm on 28 July 2025
Optimism (OP) surged to a two-month high of $0.858 after South Korea’s largest exchange, Upbit, announced its listing with KRW, BTC, and USDT trading pairs. The announcement triggered a 10–15% price increase and a massive 300%+ jump in trading volume. Technical charts showed a bullish breakout from a falling wedge, supported by strong RSI and MACD signals. Analysts now eye targets between $1.49 and $2.94, with long-term potential reaching $5. However, a July 31 token unlock event releasing 31.34 million OP (1.79% of supply) may lead to short-term sell pressure, potentially slowing the recent bullish momentum temporarily.
