According to Michaël van de Poppe (@CryptoMichNL), $TAO has maintained its value well, indicating stability and resilience in the current market. He identifies $OP as a crucial layer 2 solution, suggesting its potential for growth. His analysis emphasizes the added value of these coins within the ecosystem, suggesting a potential acceleration in their performance. This insight is crucial for traders focusing on coins with ecosystem impact. Source: [Michaël van de Poppe's Twitter](https://twitter.com/CryptoMichNL/status/1892190901113430270).

According to Michaël van de Poppe, Optimism ($OP) is currently in a consolidation phase but shows signs of waking up. A key confirmation for traders will be if it breaks through the $2 resistance level. Source: Michaël van de Poppe (@CryptoMichNL).

According to Michaël van de Poppe, on higher timeframes, the cryptocurrency market has not experienced significant corrections, which he considers healthy as it allows for 'reset days'. He notes that Optimism ($OP) has yet to achieve a breakout, implying potential for future upward movement.

According to CryptoMichNL, the cryptocurrency markets are poised for a breakout, with Layer 2 solutions expected to follow the significant movements seen in Layer 1 projects. Specifically, Optimism ($OP) is highlighted as a key asset likely to experience a substantial 60% price increase once it successfully breaks through its current resistance level.

According to CryptoMichNL, this week is showcasing massive weekly candles with deep wicks that quickly return, and some are even turning green. He believes there is a significant chance that the market has seen its low. Notably, $OP is showing a substantial candle.

According to @CryptoMichNL, many altcoins are currently entering a significant bear market. Specifically, Optimism ($OP) continues to hit new lows and is undergoing a double-bottom test after its recent collapse. It is likely to bottom out in the coming weeks, with a potential strong recovery in the latter part of Q3 and Q4.