Token

Render

Optimism

Rekt

<p>Crypto analyst Rekt Capital has <a href="https://newsletter.rektcapital.co/altcoin-market-update-27/" target="_blank" rel="noopener noreferrer nofollow">highlighted key technical developments</a> for Optimism (OP) and Render Token (RNDR) in his newsletter. Both assets are currently testing critical support levels, which could determine their short-term price trajectories.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">New edition of the Rekt Capital Newsletter is live<br><br>I share an Altcoin Market Update <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"><br><br>Features analysis on the following Altcoins: <a href="https://twitter.com/search?q=%24OP&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$OP</a> <a href="https://twitter.com/search?q=%24RNDR&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$RNDR</a> <a href="https://twitter.com/search?q=%24ONDO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ONDO</a> <a href="https://twitter.com/search?q=%24VANRY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$VANRY</a> <a href="https://twitter.com/search?q=%24TRU&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$TRU</a> <a href="https://twitter.com/search?q=%24BONK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BONK</a><br><br>Sign up to read it here:<a href="https://t.co/3NUiPu7ekd" target="_blank" rel="noopener noreferrer nofollow">https://t.co/3NUiPu7ekd</a><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Bitcoin</a></p>— Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1810947488632668547?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="strong-optimism-struggles-to-maintain-macro-higher-low-strong"><strong>Optimism Struggles to Maintain Macro Higher Low</strong></h2>
<p>Optimism’s price has slipped below its macro higher low support level. This development has raised concerns among traders and investors. However, Rekt Capital notes that this could still be part of a volatile retest.</p>
<p>The analyst points out that similar retests have occurred in OP’s price history. If successful, this retest could protect the macro technical uptrend. Consequently, it might mark the bottom of the current correction and set the stage for a potential price reversal.</p>
<h2 class="wp-block-heading" id="strong-render-token-mirrors-bitcoin-s-recent-performance-strong"><strong>Render Token Mirrors Bitcoin’s Recent Performance</strong></h2>
<p>Render Token has been consolidating within a macro range for four consecutive months. During this period, RNDR successfully retested its range low as support. The asset’s price action has closely mirrored that of Bitcoin in recent weeks.</p>
<p>RNDR is now retesting a higher low that connects the downside wicks in its monthly candles. A successful retest at this level could be bullish for the token. It may pave the way for a rally back to the recently lost range low.</p>
<div class="wp-block-rehub-colortitlebox rh-colortitlebox" style="text-align:left;border-radius:5px;box-shadow:0 10px 10px #00000007;background-color:#fafafa;color:">
 <div class="rh-colortitle-inbox" style="background-color:var(--rehub-main-color);color:#fbfbfb;border-radius:5px 5px 0 0"><i class="rhicon rhi-bolt-regular rh-colortitlebox-icon" style="color:"></i>
  <div class="rh-colortitle-inbox-label">
   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW
  </div>
 </div>
 <div class="rh-colortitlebox-text">
  <style scoped>.rh-toggler-open{height:auto !important}
.rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important}
.rh-toggler-open .rh-tgl-hide{display:block !important}
.rh-tgl-show, .rh-tgl-hide{cursor:pointer}
.rh-contenttoggler *{box-sizing: border-box !important}
.rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;}
.rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}</style>
  <div class="wp-block-rehub-contenttoggler rh-contenttoggler" data-height="100px">
   <div class="rh-toggler-wrapper" style="height:100px">
    <p><strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">Milei Moneda</a></strong> is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president&nbsp;known for his libertarian and pro-Bitcoin stance. You have an opportunity with the <strong><a href="https://mileimoneda.io/?utm_source=marketing&amp;utm_medium=inarticle&amp;utm_campaign=cap&amp;utm_id=s1" target="_blank" rel="noopener noreferrer nofollow">ongoing low presale price</a></strong> to get in early!</p>
    <p><em>Sponsored</em></p> <span class="rh-tgl-trigger" style="text-align:center;position:absolute;z-index:2;bottom:0;left:0;width:100%;color:"><span class="rh-tgl-show" style="display:block">Show more +</span><span class="rh-tgl-hide" style="display:none">Show less –</span></span><span class="rh-tgl-grad" style="background-image:linear-gradient(to bottom,rgba(255,255,255,0) 0,#ffffff 100%);display:block;position:absolute;height:100px;bottom:0;left:0;z-index:1;width:100%"></span>
   </div>
  </div>
 </div>
</div>
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-kaspa-kas-is-not-the-next-bitcoin-btc/" target="_blank" rel="noopener noreferrer nofollow"><strong><em>Here’s Why Kaspa (KAS) Is Not the Next Bitcoin (BTC)</em></strong></a></p>
<h2 class="wp-block-heading" id="strong-critical-reclamation-needed-for-bullish-outlook-strong"><strong>Critical Reclamation Needed for Bullish Outlook</strong></h2>
<p>For RNDR to maintain a bullish outlook, it must reclaim the lost range low. Failure to do so could confirm this level as new resistance. This scenario is not unique to RNDR, as many altcoins face similar challenges in the current market climate.</p>
<p>Rekt Capital emphasizes that the key question for these assets is whether lost supports will become new resistances. Alternatively, these levels could be reclaimed, confirming recent breakdowns as false signals. The coming weeks will be crucial in determining the direction of these trends.</p>
<p><em><strong>Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community?<br>Get all our future calls by joining our&nbsp;<a href="https://t.me/captainaltcoincom" target="_blank" rel="noopener noreferrer nofollow">FREE Telegram group.</a></strong></em></p>
<div class="bigofferblock margincenter mb30 pt20 pl20 pr20 " style="">
 <div class="col_wrap_two mb0">
  <div class="offerbox_big_wrap flowhidden">
   <div class="image position-relative text-center col_item mobileblockdisplay img-maxh-350 img-width-auto"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <img decoding="async" class="lazyload" data-skip-lazy="" data-src="https://captainaltcoin.com/wp-content/uploads/thumbs_dir/REBEL-SATOSHI-RECQ-MEME-COIN-qndahijqjwle5mml7gg8my30uqig0eo11vxmtat25a.png" width="500" alt="Check $RECQ Meme Coin" src="https://captainaltcoin.com/wp-content/themes/rehub-theme/images/default/blank.gif"> </a>
   </div>
   <div class="product-summary col_item mobileblockdisplay">
    <h3 class="product_title entry-title font150 lineheight25 mb30" id="a-class-re_track_btn-href-https-captainaltcoin-com-go-ll_bottom-target-_blank-rel-noopener-noreferrer-nofollow-span-check-recq-meme-coin-span-a"><a class="re_track_btn" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> <span>Check $RECQ Meme Coin</span> </a></h3>
    <div class="rev_disclaimer font70 greencolor lineheight15 mb20">
     Sponsored: Invest Responsibly, Do Your Own Research.
    </div>
    <div class="buttons_col mb25 rh_big_btn_inline">
     <div class="priced_block clearfix">
      <div><a class="re_track_btn btn_offer_block" href="https://captainaltcoin.com/go/ll_bottom/" target="_blank" rel="noopener noreferrer nofollow"> Buy RECQ Today </a>
      </div>
     </div>
    </div>
    <div class="bigofferdesc"><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Serves as the base currency for all transactions within the Rebel Satoshi platform <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>ICO stage, offering tokens at a discounted price <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions. <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade, <br><i class="vertmiddle mr10 rhicon rhi-check-circle-solid greencolor font130"> </i>Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
    </div>
   </div>
  </div>
 </div>
</div>
<p>The post <a href="https://captainaltcoin.com/optimism-op-and-render-token-rndr-face-critical-tests-top-analyst-highlights-key-price-levels-to-wach/" rel="noopener noreferrer nofollow">Optimism (OP) and Render Token (RNDR) Face Critical Tests: Top Analyst Highlights Key Price Levels To Wach</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Optimism (OP) and Render Token (RNDR) Face Critical Tests: Top Analyst Highlights Key Price Levels To Wach

Indice dei contenuti

CaptainAltcoin

Altri articoli pubblicati su 10 lug 2024

Tap-to-earn games are thriving but their tokens face potential risks

MoonBag Meme Coin With 88% APY Challenges Tron and ChainGPT for the Top Spot

Pendle Seizes the Future of DeFi with RWA Integration

Is Ethereum (ETH) Forming Double Top Pattern?

Crypto Watchlist: Weekly Preview of Top 3 Coins:

Top Cryptos to Buy While Bitcoin Recovers from Recent Market Shock

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!