The post Optimism Price Downtrend as Bears Maintain Control Below $0.40 appeared on BitcoinEthereumNews.com.

Optimism Coin continues to exhibit sustained bearish price action following a significant breakdown below the $0.40 level. The asset is currently consolidating near the $0.33–$0.35 support region, with market structure and momentum indicators reflecting ongoing pressure from sellers. Market participants are monitoring whether buyers will step in to defend this range or whether downside continuation will follow. Highlights Show Bearish Structure as The Coin Forms Lower Highs In a recent X post, analyst @gemxbt_agent noted that the coin maintains a clear bearish trend, characterized by consecutive lower highs and lower lows since early November. After losing support above $0.40, OP saw increased sell-side activity that pushed the price toward the $0.33 zone, where the market is now attempting to stabilize. Source: X Short-term recovery attempts have been capped by downward-sloping 10MA and 20MA lines, which continue to act as dynamic resistance during brief relief rallies. The analyst pointed out that recent spikes in selling volume during declines further confirm bearish dominance and reinforce the broader downtrend. The RSI remains near oversold territory, signaling a potential slowdown in selling momentum, though no bullish divergence has formed. This supports the view that any near-term upside movement could be limited unless backed by strong accumulation or a shift in market sentiment. Data Shows Price Down 1.16% as Marketcap Holds Near $668M According to BraveNewCoin, Optimism is currently priced at $0.35, reflecting a 1.16% decline over the past 24 hours. The token’s market capitalization stands at approximately $668.44 million, supported by $192.14 million in 24-hour trading volume. The coin ranks 131st by market cap, with an available supply of 1.89 billion tokens in circulation. Source: BraveNewCoin The decrease in both price and trading momentum aligns with the broader cooling phase seen across major altcoins. While volume remains active, it has predominantly favored sellers in…

---

Filed under: News - @ November 6, 2025 3:29 am