OP price targets $0.45 after rising over 9%

Over the past week, the price of Optimism (OP) recorded the strongest increase among Layer 2 (L2) chains, with a rise of over 9%. Notably, OP's trading volume also surged by more than 140%, surpassing $200 million. The trading volume to market capitalization ratio reached 29%, reflecting abundant liquidity and attractiveness for investors.

Currently, OP ranks fifth in performance among the top 100 coins by market capitalization. Activity on Optimism's Superchain is also trending positively, aligning with the bullish trend.

Optimism Network Activity Accelerates Significantly

Since the beginning of 2025, activity on the Optimism network has continuously increased and has become more vibrant as 2026 begins.

According to data from Token Terminal, the number of daily transactions has exceeded 2.5 million, and OP has maintained this growth rate from the start of the year. The total number of transactions on the network has approached 1 billion, reaching 921.9 million at the time of reporting.

Source: Token Terminal Optimism is also among the largest-cap Layer 2 projects. Mantle leads with 39.8% market share, while Arbitrum One and OP Mainnet account for 13.6% and 9%, respectively.

Notably, the fully diluted market capitalization of OP Mainnet has surpassed $1.3 billion.

Source: Token Terminal Will OP's price sustain its position in the reversal pattern?

OP Establishes an Important Reversal Trend

On the technical chart, OP has broken above the neckline of the inverse head and shoulders pattern at the price level of $0.3388, indicating that the market structure has shifted from a downtrend to an uptrend—a clear sign of reversal.

Technical indicators such as MACD and Stochastic RSI both confirm this transition. MACD is signaling bullish momentum, with the signal line above the neutral line, while RSI is trading around oversold levels, demonstrating buying strength.

Maintaining the uptrend will depend on OP's ability to stay above the breakout zone at $0.3388. The ideal scenario is for the price to retest this zone and hold, laying the groundwork for a rally toward the $0.45 mark.

Source: TradingView Conversely, if the price fails to hold above the neckline, the bullish structure will be broken, and the price could revert to support levels around $0.28 (shoulder) or $0.25 (head).

If the uptrend continues, OP's rally could be further boosted by a proposed 12-month token buyback, as reported by AMBCrypto. Such buybacks often reduce supply, helping to strengthen the bullish trend if demand for the token remains sustained.

Mr. Teacher