OP declines bearish sentiments persists

• Optimism has declined over the previous 24 hours by 8.67%.
• OP was dealing with robust downward stress, though analysts count on a rebound after the dip.

Since hitting $2.7 a month in the past, Optimism [OP] has skilled a sustained decline. On the time of writing, Optimism was buying and selling at $1.67.

This marked an 8.67% drop on every day charts. Additionally, it has dropped on weekly and month-to-month charts, dipping by 4.29% and 5.28% respectively.

This sustained decline has created pessimism and optimism in equal measures amongst market members. As such, two main questions come up; might we see a rebound, or the downtrend will proceed?

What OP’s charts recommend

In line with AMBCrypto’s evaluation, Optimism was experiencing robust downward momentum with sellers in management.

Supply: TradingView

For starters, this downward stress might be noticed via the current bearish crossovers on Stoch RSI and RVGI.

OP has made a bearish crossover on its Stoch, signaling that the downward momentum is strengthening whereas the upward is dwindling. 

That is additional confirmed by one other crossover on the Relative Vigor Index (RVGI). With a bearish crossover rising right here, it implies that the altcoin is making extra losses than beneficial properties.

Supply: IntoTheBlock

Trying additional, Optimism’s energetic addresses have skilled a pointy decline.

This exhibits that customers are disappearing inside the community. Such habits displays unfavourable sentiment because the market lacks new customers, additional driving its adoption fee down.

Supply: Santiment

That is additional evidenced by the truth that the altcoin’s Adjusted Worth DAA Divergence has turned unfavourable. When this turns unfavourable, it implies low community exercise and adoption fee.

Supply: IntoTheBlock

Lastly, Whole Netflows have spiked over the previous few days to show optimistic. When netflows flip optimistic, it implies that extra merchants are transferring their belongings into exchanges.

This might end in promoting stress, thus pushing costs additional down.

Is there a rebound forward for Optimism?

Whereas Optimism is experiencing robust downward stress, some analyst sees a possible rebound.

As such, Ali Martinez steered a possible rebound to $3.50. If this occurs, it might imply that OP has reached a neighborhood backside.

Supply: X

Learn Optimism’s [OP] Worth Prediction 2025–2026

Nonetheless, within the quick time period, Optimism remains to be dealing with large promoting stress and bearish sentiment.

Subsequently, primarily based on prevailing market circumstances, OP might drop to $1.58. Conversely, if a rebound emerges, the altcoin will try and reclaim $1.83.