Optimism Token Drops 17% Amid Bullish Divergence Hopes

Optimism (OP) has experienced a notable 17% price decline over the past week, raising concerns among investors. Despite this downturn, technical analysts are closely monitoring the token for potential signs of a price reversal. The token is currently trading at $0.5612, and analysts are particularly interested in a bullish divergence pattern that could signal a shift in market sentiment.

Market analyst Michaël van de Poppe has observed that Optimism is forming a large bullish divergence, with its price hovering around the 0.00000053 support level. This suggests that a potential base is forming, and a break above 0.00000080 could invalidate the downtrend and trigger a bullish rally. Van de Poppe believes that this turning point is imminent, suggesting that OP could soon become a strong buy opportunity if momentum continues to build.

Currently, the Relative Strength Index (RSI) for OP stands at 38.76, just shy of oversold territory. If the RSI continues to rise toward the 50–60 range, it may confirm a shift in sentiment. However, the Moving Average Convergence Divergence (MACD) remains in negative territory, with values of 0.0396 and 0.0343, supporting a bearish narrative. The histogram also remains below zero, underscoring the weak momentum. Despite these bearish indicators, the values are relatively shallow, leaving room for a quick shift if volume increases and RSI strengthens further.

Recent capital flow data provides a nuanced picture of the market dynamics. Between August 2024 and June 2025, OP experienced fluctuating spot inflows and outflows. Notably, there appears to be an inverse correlation between large net inflows and price action. For instance, sharp outflows in late January 2025 coincided with steep price declines. On June 20, 2025, a net inflow of $278.77K was recorded alongside a mild price uptick to $0.563. This modest rebound suggests growing buyer interest and early signs of accumulation, hinting at a potential rebound in the near future.