Optimism’s addresses jump 28%, but can OP escape the 0.57 USD trap?

Optimism’s active addresses have surged by 28%, outpacing other Layer 2 networks, indicating an increase in user engagement despite OP’s price struggling around 0.57 USD.

With low volatility and balanced capital flows, traders remain cautious about significant price movements. The NVT ratio suggests OP may be overvalued unless transaction volumes improve.

Liquidation clusters indicate volatility risks around the 0.55 to 0.58 USD range, as traders await clearer market signals to determine the next major price direction.