As of the time of writing, Optimism (OP) has surged over 17% in just 24 hours, marking a clear breakout above a prolonged accumulation triangle.
Notably, OP has surpassed the declining resistance level at $0.60 — an important barrier that had previously restrained its upward momentum multiple times. With this trend, the token has now reached its highest level since mid-June, opening up prospects for 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 indicating that capital is flowing strongly into the market, reinforcing confidence in bullish momentum.
However, this upward momentum still needs to be monitored closely. If OP cannot maintain the $0.60 level and turns downward, the support area at $0.55 will become a critical boundary to determine whether the upward trend can be sustained.
Conversely, if OP continues to surpass and hold above $0.75, bullish signals will be further strengthened, paving the way for higher levels in the near future.
Capital inflow and transaction volume surge
Although OP is showing signs of recovery, trading volume over the past week has surged past $1.56 billion – reflecting increasing interest from investors.
However, according to data from IntoTheBlock, only about 4% of OP holders are currently profitable, while up to 94% are still experiencing losses, with the remaining nearly breaking even — as of the time of writing. This suggests that the majority of investors are currently holding unrealized losses or have bought in at higher price levels, reflecting long-term confidence in OP's growth potential despite short-term volatility.
Trading activity has also recorded significant growth, especially on major exchanges like Binance and Coinbase, with volume increasing by 84% in just one week. However, price movements remain 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 distinct breakthrough.
Although the number of high-value transactions is increasing, the majority of investors have yet to realize profits, reflecting a defensive mentality and a lack of sustainable bullish momentum. The current capital flow is insufficient to establish a stable price base, and many investors may still be waiting for stronger market pushes to break even or take profits.
The significance of the increasing holding time of OP
Additionally, 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 growing investor confidence in OP's profit potential.
Notably, the acceptance rate of Optimism has also doubled, from 13% to 26%, indicating that this ecosystem is gradually expanding and attracting capital accumulation for long-term strategies.
Interest from the community has also surged, evidenced by over 40,000 recorded transactions, particularly active in the Eastern and Western regions.
In the context of OP's price being stagnant for several months, the combination of growing acceptance levels, longer holding times, and strong interaction suggests that investors may be quietly preparing for a new breakout.
Nevertheless, like all financial markets, the final outcome remains a surprising unknown.