Overview

• Upbit added Optimism’s native token trading pairs on July 28 at 16:30 KST, triggering a more than 13% price increase from $0.71 to $0.84.
• OP’s 24-hour trading volume climbed over 717% to more than $1.1 billion, marking the highest daily liquidity on record.
• Chart analysis shows OP broke out of a falling wedge pattern with rising RSI and bullish MACD readings signaling continuation potential.
• A scheduled unlock of 31.34 million OP tokens is expected to enter the market, which could exert short-term selling pressure.
• Analysts have updated price targets to about $2, suggesting up to 100% upside as retail and institutional demand grows.