Optimism Rises 13%: Is $0.45 the Next Target for OP?

Summary: Optimism has seen a significant price increase, leading other Layer 2 (L2) solutions with a 13% rise in the past 24 hours. With a notable surge in trading volume and user activity, analysts are speculating whether the price could reach $0.45.

Key Takeaways

Price Surge: OP increased by over 13% in the last 24 hours.
Volume Growth: Trading volume soared past $200 million, highlighting strong liquidity.
Transaction Activity: Over 2.5 million transactions occurred in a single day, nearing a total of 1 billion since the year's start.
Market Position: OP ranked fifth among the top 100 cryptocurrencies by market cap.
Bullish Indicators: Technical analysis shows OP has broken above a key reversal pattern, suggesting potential upward movement if it maintains support at $0.3388.

Optimism Rises 13%: Is $0.45 the Next Target for OP?

Optimism Chain Activity on the Rise

Optimism's chain activity has shown a significant upward trend since the beginning of 2025, with even more momentum as 2026 began. According to data from Token Terminal, the daily transaction count exceeded 2.5 million. Since the start of the year, OP has consistently operated in this range, bringing the total transaction count close to 1 billion, recorded at 921.9 million at the time of writing.

Optimism Chain Activity Source: Token Terminal

Among L2 projects, Optimism holds a prominent position. Mantle currently leads with a significant 39.8% market share, while Arbitrum One and OP Mainnet follow with 13.6% and 9%, respectively. The OP Mainnet's fully diluted market cap stood at over $1.3 billion as of this article’s publication.

OP Market Cap Source: Token Terminal

OP Breaks Above Key Reversal Pattern

On the charts, OP has successfully broken above the neckline of an inverted heads-and-shoulders pattern at $0.3388, signaling a shift from a bearish market structure to a bullish one. Technical indicators such as the MACD are showing bullish signs with the signal line above the neutral area, and the RSI suggests that OP is entering oversold conditions.

For the price increase to continue, OP must hold above the breakout level of $0.3388. Ideally, a retest and sustained movement above this level could pave the way for the price to reach $0.45.

OP Chart Source: TradingView

Conversely, failing to maintain support at the neckline could invalidate the current bullish structure, possibly leading to a drop back to earlier levels around $0.28 or $0.25. If the bullish trend continues, it may be further supported by the anticipated 12-month buyback proposal mentioned earlier by AMBCrypto. These buybacks typically create a supply shortage, which can drive the price up further if demand persists.

Final Insights

Optimism is gaining traction in the cryptocurrency market, driven by strong transaction volumes and bullish technical indicators. Whether OP can sustain this momentum and approach the $0.45 target will depend on market conditions and ongoing developments within the Optimism ecosystem.