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>
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   <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>
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<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>
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<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>
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<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

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