Optimism (OP) Price Drops 17% Weekly as Analysts Watch for Bullish Divergence

The price of Optimism (OP) has experienced a sharp 17% drop over the past seven days, stirring concern among investors.

However, technical analysts are now closely watching for signs of a potential price reversal as the token tests historical support levels and forms a bullish divergence pattern on its chart. The token, as of press time, is trading at for now.

According to market analyst Michaël van de Poppe, Optimism is showing signs of forming a large bullish divergence. Significantly, its price has hovered around the 0.00000053 support level, suggesting a potential base is forming.

Break above 0.00000080 could invalidate the and trigger a bullish rally. Van de Poppe believes this turning point is imminent, suggesting OP could soon become a strong buy opportunity if momentum continues to build.

Currently, OP’s RSI stands at 38.76, just shy of oversold territory. If it continuesthe 50–60 range, it may confirm a shift in sentiment. Despite early signs of a reversal, the Moving Average Convergence Divergence (MACD) remains in negative territory.

With MACD values of 0.0396 and 0.0343, the indicator currently supports a bearish narrative. The histogram also remains below zero, underscoring the weak momentum. However, these values are relatively shallow, leaving room for a quick shift if volume increases and RSI strengthens further.

Recent capital flow data paints a nuanced picture. Between August 2024 and June 2025, OP saw fluctuating spot inflows and outflows. Interestingly, 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.