OP surged 17% – Is the bounce back strong enough to reach $0.75?

As of the time of writing, Optimism (OP) has surged more than 17% in just 24 hours, marking a clear breakout above the extended accumulation triangle pattern.

Notably, OP has surpassed the descending resistance line at the $0.60 mark — an important barrier that had previously hindered the upward momentum multiple times. With this momentum, the token has now reached its highest level since mid-June, opening up the prospect of a continued upward trend in the short term. The next target is identified around the resistance area of $0.75.

Supporting this trend is the Chaikin Money Flow (CMF) indicator, currently recording a level of +0.16 — a signal that money is flowing strongly into the market, reinforcing confidence in the bullish momentum.

Daily OP/USDT chart | Source: TradingViewHowever, this upward momentum still needs to be closely monitored. If OP cannot maintain the $0.60 mark and turns to decrease, the support area at $0.55 will become an important boundary to determine whether the bullish trend can be sustained.

On the contrary, if OP continues to break through and hold above the level of $0.75, the bullish signal will be further strengthened, paving the way for higher milestones in the near future.

Capital inflow and transaction volume surge

Although OP is showing signs of recovery, the trading volume over the past week has surged past the 1.56 billion USD mark – reflecting increasing interest from investors.

However, according to data from IntoTheBlock, only about 4% of OP holders are in profit, while up to 94% are still experiencing losses and the remainder are nearly breaking even – as of the time of writing. This indicates that the majority of investors are currently "holding" unrealized losses, or have purchased at higher price levels, reflecting long-term confidence in the growth potential of OP despite short-term volatility.

Source: IntoTheBlockThe trading activity has also recorded significant growth, especially on major exchanges like Binance and Coinbase, with volume increasing by up to 84% in just one week. However, the price movement remains quite cautious, continuously facing resistance at key resistance zones – indicating that while the capital flow is abundant, it is not yet strong enough to create a notable breakout.

Although the number of large-value transactions is increasing, the majority of investors have not yet realized profits, reflecting a defensive mentality and the absence of sustainable bullish momentum. The current capital flow is not enough to establish a stable price base, and many investors may still be waiting for stronger pushes from the market to have the opportunity to break even or take profits.

The significance of the increasing holding time of OP

In addition, the average holding time of traded OP tokens has increased by about 20% in just one week and surged to 70% within a month — a clear signal indicating the growing confidence of investors in the profitability potential of OP.

Notably, the acceptance rate of Optimism has also doubled, from 13% to 26%, indicating that this ecosystem is gradually expanding and attracting accumulation capital for long-term strategies.

Source: IntoTheBlockCommunity interest has also surged, as evidenced by more than 40,000 recorded transactions, particularly active in the Eastern and Western regions.

In the context of OP prices moving sideways for several months, the combination of increasing acceptance, longer holding times, and strong interaction suggests that investors may be quietly preparing for a new breakout.

However, like all financial markets, the final outcome remains an unexpected mystery.

SN_Nour