- Optimism has declined over the past 24 hours by 8.67%.
- OP was facing strong downward pressure, although analysts expect a rebound after the dip.
Since hitting $2.7 a month ago, Optimism [OP] has experienced a sustained decline. At the time of writing, Optimism was trading at $1.67.
This marked an 8.67% drop on daily charts. Also, it has dropped on weekly and monthly charts, dipping by 4.29% and 5.28% respectively.
This sustained decline has created pessimism and optimism in equal measures among market participants. As such, two major questions arise; could we see a rebound, or the downtrend will continue?
What OP’s charts suggest
According to AMBCrypto’s analysis, Optimism was experiencing strong downward momentum with sellers in control.
Source: TradingView
For starters, this downward pressure can be observed through the recent bearish crossovers on Stoch RSI and RVGI.
OP has made a bearish crossover on its Stoch, signaling that the downward momentum is strengthening while the upward is dwindling.
This is further confirmed by another crossover on the Relative Vigor Index (RVGI). With a bearish crossover emerging here, it implies that the altcoin is making more losses than gains.
Source: IntoTheBlock
Looking further, Optimism’s active addresses have experienced a sharp decline.
This shows that users are disappearing within the network. Such behavior reflects negative sentiment as the market lacks new users, further driving its adoption rate down.
Source: Santiment
This is further evidenced by the fact that the altcoin’s Adjusted Price DAA Divergence has turned negative. When this turns negative, it implies low network activity and adoption rate.
Source: IntoTheBlock
Finally, Total Netflows have spiked over the past few days to turn positive. When netflows turn positive, it implies that more traders are transferring their assets into exchanges.
This could result in selling pressure, thus pushing prices further down.
Is there a rebound ahead for Optimism?
While Optimism is experiencing strong downward pressure, some analyst sees a potential rebound.
As such, Ali Martinez suggested a potential rebound to $3.50. If this happens, it could mean that OP has reached a local bottom.
Source: X
Read Optimism’s [OP] Price Prediction 2025–2026
However, in the short term, Optimism is still facing massive selling pressure and bearish sentiment.
Therefore, based on prevailing market conditions, OP could drop to $1.58. Conversely, if a rebound emerges, the altcoin will attempt to reclaim $1.83.
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