1. Summary

  • $OP is having a rise after the listing, but encountering resistance around 0.77 – a pullback is likely; watch for exploratory buying if retesting support. Price ~ 0.758 USDT

  • Listing on Upbit (late Jul) attracted large volume.

  • Volume/interest is clearly increasing, entering short-term capital.

2. Market Overview

Short-term capital is flowing into OP after the listing news; liquidity is booming in the spot/KRW markets causing strong volatility.

3. Technical Analysis

bullish but “tight” — price just touched the resistance area of 0.77–0.78 (MA99/zone on the chart). Action support: 0.709; Action resistance: 0.774–0.777. RSI(6) ~ 77 — indicating overbought, need to be cautious.

4. Fundamental Analysis

OP is the token of Optimism (Layer-2 Ethereum) — total supply ~4.294B, circulating ~1.75–1.8B; fundamentally still attractive thanks to the Superchain ecosystem.

Note on unlock/vesting: there is an unlock/vesting schedule worth monitoring (next unlock is listed in the vesting source).

5. Sentiment Analysis

Net sentiment is positive due to listing + volume, but there is short-term FOMO and profit-taking risk when RSI is overbought.

6. Strategy

Entry: buy lightly if retesting 0.73–0.75

Breakout entry: breakout and hold above 0.78 with confirming volume.

Stop-loss: below 0.70 (tight) or below 0.68.

TP1/TP2: TP1 0.84–0.85, TP2 0.95–1.00.

Early exit triggers: losing support at 0.71, or RSI sustaining >80 but volume decreasing.