TLDR:Optimism price jumped to $0.8322 following a new spot listing on South Korea’s Upbit exchange.Trading volume soared over 717% in 24 hours, topping $1.1 billion.OP broke out of a falling wedge, signaling a potential bullish continuation.A token unlock of 31.34M OP may cause short-term selling pressure.Optimism (OP) is on the move again. The token reached a two-month high after being listed on a top Korean exchange. The volume exploded as traders rushed in, pushing momentum even further. Analysts say the move could set the tone for other Layer 2 tokens. However, upcoming token unlocks may lead to volatility in the short term.Upbit Listing Pushes OP Price to Two-Month HighAccording to Coinpedia data, OP jumped to $0.8322 earlier this week after Upbit added it to its spot trading lineup. According to CoinGecko data, OP gained 12.49% in 24 hours and is now priced at $0.824. In just one day, trading volume soared over 717%, hitting more than $1.1 billion.This sharp uptick pushed OP beyond its recent resistance levels. According to the weekly chart by Coinpedia, OP has broken out of a falling wedge pattern, a move that traders view as a bullish shift. Bullish: $OP surged to a two-month high at $0.8322 in the past 24HR as Upbit listed #Optimism for spot trading. The trading volume also skyrocketed 437% to $681.5 million.What’s Next? #OP has broken out from a falling wedge pattern in the weekly time frame. With… pic.twitter.com/gJ6sF8sxXc— Coinpedia Markets (@MarketCoinpedia) July 28, 2025Key resistance points are now at $0.96, $1.45, and $2.11, with support holding near $0.82.Technical analyst CryptoBull_360 suggested OP may be leading the charge in a broader Layer 2 rally. He pointed out that momentum is building not only in OP but also in other tokens like ARB, LDO, and ETHFI.Volume is rising, and chart indicators show room to move higher. The RSI reading stands at 47.71, leaving space before the asset hits overbought territory. The MACD histogram, now at -0.0023, reflects consolidation before any fresh breakout.Traders Cautious as Token Unlock LoomsDespite the rally, not all signs point upward. OP has a scheduled token unlock of 31.34 million tokens. Such events often trigger short-term selling pressure as fresh supply enters the market.Still, market participants seem optimistic. Trader sentiment, as noted by several online posts, suggests confidence in OP’s long-term outlook. But in the short term, some expect volatility before any sustained rally.As OP gains traction, some view this as a broader shift in the crypto space. One trader described the move as more than just a price bump; it could signal renewed market strength.$OP is up 18% today, reaching $0.851.Starting the week with this kind of momentum really brings confidence to the market.I don’t see this as just a price move; it feels like the market is regaining its strength. Seeing strong projects like $OP kick off the week like this could… pic.twitter.com/egjNiQZUFs— 𝙎𝙐𝘿𝙀𝙇𝙔𝙏𝙄𝘾 (@Sudelytic) July 28, 2025While the market remains sensitive to supply dynamics, OP’s technical setup and rising volume may keep bulls interested. Whether the momentum holds depends on how it handles the coming token unlock and resistance levels above.OP is currently trading around $0.824, but all eyes are on whether it can push past $0.96 and head toward $1.45. The post Optimism Surges: OP Price Climbs on Volume Spike, Bullish Pattern Confirmed appeared first on Blockonomi.