Optimism Surges 7.21% Amid USDT Contract Swap Upgrade Plans

Optimism (OP) has seen a 7.21% price increase on the day, trading at $0.0981 as of now. The asset's price remains above its key moving averages, indicating continued positive short-term momentum.

The USDT contract swap upgrade on Optimism is expected to take place on September 17, 2026, with Bitget announcing support for the update. This move aims to maintain seamless asset transfers and user access by suspending deposits and withdrawals of USDT on the network before the upgrade.

The discontinuation of old USDT-Optimism token support following the contract swap is set to prevent fragmentation and reinforce trust in the updated protocol. The technical analysis suggests that Optimism's price action will consolidate within a specific range, with a 73% probability assigned to a bullish breakout above this upper bound.