Optimism OP: Accumulation Phase Begins
Optimism $OP token enters accumulation after 2025 bear market, with trader Michaël van de Poppe holding strong amid altcoin recovery signals.
SourceCrypto trader Michaël van de Poppe highlights how altcoins like Optimism's $OP endured massive destruction since 2024, with 2025 marking a full bear market year that hammered prices. Yet, the downward correction has slowed, and many altcoins—including $OP—have shifted into accumulation over recent months, signaling potential recovery in the crypto market crash aftermath. Van de Poppe remains bullish, still holding $OP in his portfolio as layer-2 scaling solutions on Ethereum like Optimism, launched in 2021, regain footing amid broader altcoin trends echoing Bitcoin (BTC) movements.
On the 4-hour chart, $OP trades at $0.13 in a bullish trend structure, hugging both the EMA50 at $0.12 and EMA200 at $0.12 as firm long-term support levels that could anchor any dips. Momentum sits neutral with RSI(14) at 56.81, while MACD(12,26) flashes a bullish golden cross at 0.0, pointing to strengthening upside conviction. Volatility remains contained inside the Bollinger Bands, with price testing the upper resistance at $0.13 and lower support at $0.12—confluence here suggests exhaustion at the top band could trigger a quick pullback to EMA confluence around $0.12 before resuming the grind higher, ideal for positioning in this OP price prediction cycle.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast