Optimism Price Analysis 29 July 2025: Price Spike and New Listing

The price of Optimism (OP) is back in the spotlight today, soaring over 13% within 24 hours. This sudden price surge comes after the announcement of new OP trading pairs on a major South Korean exchange, helping to drive fresh momentum for the Ethereum Layer 2 token.

With trading volume spiking and sentiment leaning bullish, investors are asking if this could be the start of a larger breakout.

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Key Takeaways

1. OP price jumps 13%: New listing news sent the OP token from $0.71 to $0.84.

2. Trading volume soars 420%: Over $700 million in volume boosts market activity.

3. Bulls eye $1 breakout: Technical indicators suggest growing buying pressure.

What Is Driving the Optimism (OP) Price Surge?

The main catalyst behind OP’s recent price action is the introduction of new trading pairs on a major South Korean exchange, Upbit.

The exchange confirmed trading would begin today at 16:30 KST, a move that has already generated a spike in both price and trading activity.

Given South Korea’s position as one of the most active crypto markets globally, this listing is a big deal.

The announcement sent OP from a local low of $0.71 to $0.84 in just hours. That’s a 13% gain, and it came with a 420% increase in trading volume, reaching over $700 million.

For traders, this kind of surge in volume is usually a strong signal that momentum is building fast. What’s even more important is that this new listing could introduce OP to a large group of new users.

The exchange is known for its low trading fees and high liquidity, which can attract both retail and institutional investors.

Additional Catalysts

Besides the exchange news, OP also got a lift earlier this month when global asset manager Hamilton Lane brought its SCOPE fund to the Optimism and Ethereum networks.

This kind of institutional activity helps reinforce Optimism’s long-term value as a scaling solution for Ethereum.

Put together, the timing of these developments couldn’t be better. OP has been consolidating for weeks, and this breakout could be just the beginning.

Read Also: Optimism Crypto Development Plan: Latest Update from the Founders

Technical Analysis: Is OP Ready for a Breakout?

Looking at Optimism’s chart, the technical indicators are lining up in favor of the bulls. First, the Relative Strength Index (RSI) has been climbing steadily, which suggests that buying pressure is increasing.

When RSI moves above 50 and continues rising, it’s usually a sign that traders are accumulating. Then there’s the MACD, or Moving Average Convergence Divergence.

This indicator just flashed a bullish crossover, meaning that short-term momentum is gaining strength. These two signs together point to a possible breakout from current levels.

Price Levels to Watch

As of now, OP is hovering near $0.82. The next resistance is psychological, the $1 mark. If bulls manage to push past that, the token could revisit its April highs around $1.20. After that, the year-to-date peak of $2.10 becomes the next big target.

But as always, there’s another side to the coin. If profit-taking kicks in or market sentiment shifts, OP may struggle to hold onto its gains.

In that case, support lies around $0.74 and deeper at $0.68. These levels have acted as recent floors and could give bulls time to regroup.

So while the chart looks positive, keeping an eye on volume, price action, and broader market trends will be key in the coming days.

Read Also: Optimism Airdrop: OP Claims Are Now Open!

What Could Come Next for Optimism?

The big question now is whether OP can build on this momentum or if this is just a short-term pump. Given the volume increase and favorable technical setup, the odds do favor another leg upward, especially if Bitcoin and the wider crypto market continue to hold steady or rise.

Another reason for cautious optimism is the growing belief that an altcoin season could be approaching.

If that happens, coins like OP that are already showing strength could be among the first to benefit. Add in more trading access and increasing adoption, and the setup looks compelling.

Retail and Institutional Interest

Retail traders often follow volume, and the listing on a major exchange opens the door to more retail investors getting involved.

At the same time, institutions may find Optimism more appealing thanks to its connections to real-world asset tokenization platforms like the SCOPE fund.

The bigger picture here is that Optimism is one of Ethereum’s most widely used Layer 2 solutions. It helps reduce fees and increase speed for Ethereum-based apps, which makes it attractive for developers and users alike. That gives OP long-term utility beyond price action.

If demand keeps rising and trading access expands further, we may see Optimism push toward its previous highs, or even set new ones.

Read Also: Upbit Partners with Naver: A Strategic Move Toward a Korean Won-Based Stablecoin Future

Optimism (OP) Current Price

As of now, Optimism (OP) is trading at $0.744 per token, with a market capitalization of approximately $1.43 billion. The circulating supply stands at 1.75 billion OP tokens, and the 24-hour trading volume is around $460,610.

In the past 24 hours, OP has dropped by about 8.03%, and it’s down 7% over the last 7 days. 

These short-term losses come after recent price spikes, showing some cooling in momentum. Price updates for OP to USD are available in real-time on platforms like Bitrue.

Read Also: South Korea New Bill: Can Companies Make Their Own Stablecoins Now?

Conclusion

Optimism (OP) is having a strong day, driven by new trading pairs and a major bump in trading volume. The double-digit price gain shows how quickly sentiment can turn in the crypto market, especially when strong catalysts are in play.

With technical indicators pointing upward and new investors likely to enter the market, OP’s next moves will be closely watched.

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FAQ

What is Optimism (OP)?

Optimism is a Layer 2 scaling solution for Ethereum that helps reduce transaction fees and speeds up processing. Its native token, OP, is used for governance and various platform functions.

Why did OP price go up today?

The price of OP rose sharply after a major South Korean exchange announced the launch of new trading pairs for the token, sparking a wave of interest and higher trading volume.

Is it a good time to buy Optimism?

That depends on your goals. OP is showing bullish signals, but as always in crypto, prices can be volatile. It’s best to research, assess your risk, and consider using platforms like Bitrue to trade.

What are the risks with buying OP now?

Short-term risks include a potential pullback if the hype fades or sellers take profits. Support levels to watch are around $0.74 and $0.68 in case of a reversal.

How can I buy Optimism?

You can buy OP on exchanges like Bitrue by signing up, depositing funds, and trading against supported pairs like USDT or ETH. Bitrue also offers advanced tools for tracking your positions.

Disclaimer: The views expressed belong exclusively to the author and do not reflect the views of this platform. This platform and its affiliates disclaim any responsibility for the accuracy or suitability of the information provided. It is for informational purposes only and not intended as financial or investment advice.