Spike

Optimism

Rekt (rektarb.xyz)

Rekt

<p>Rekt Capital, in his latest newsletter, discussed the price path of optimism and ONDO. These cryptos have been on the analyst’s radar for some weeks now, and they are going as managed so far. Let’s take a deep look into what the analyst expects of them next.&nbsp;</p>
<h2 class="wp-block-heading" id="optimism-looks-ready-to-bounce">Optimism Looks Ready to Bounce</h2>
<p>The analyst started by discussing the expectations for Optimism’s OP price, talking about its downside deviation below a certain macro-higher low level (tagged with the purple trendline). The analyst also pointed to a critical level around $1.91 which OP had to reclaim as new support to make it continue its upside trend.&nbsp;</p>
<p>Now, the price has successfully retested the macro-higher low (the purple zone), and the monthly candlestick has flipped green for the first time this month. <a href="https://coinmarketcap.com/currencies/optimism-ethereum/" target="_blank" rel="noopener noreferrer nofollow">The price of OP</a> now looks like it is ready to move to the black level at around $3.7.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041-1024x723.png" alt="" class="wp-image-532760" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041-767x541.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041-2048x1445.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041-213x150.png 213w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1041.png 1794w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>However, <a href="https://newsletter.rektcapital.co/email/af2ecfde-2213-4119-a5f2-2c344b194ac7/?ref=rekt-capital-newsletter" target="_blank" rel="noopener noreferrer nofollow">the newsletter mentions</a> that the position is not yet visible in the monthly timeframe, but it is already clear in the weekly timeframe.&nbsp;</p>
<p>The price has already broken above the $1.9 level on the weekly timeframe and is pulling back to test it as support. A successful retest should see a price rally to around $2.6 to $2.7.</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">
   Next Big Airdrop?
  </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>Notcoin airdrop on Telegram made millions to people. Don’t miss out on the <strong><a href="https://t.me/dogshouse_bot/join?startapp=lPBZdx-GSwePJnSgqNglpA" target="_blank" rel="noopener noreferrer nofollow">next TG airdrop</a></strong> by the same team – Dogs on Ton!</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: <a href="https://captainaltcoin.com/what-will-100-solana-sol-tokens-be-worth-in-2025/" target="_blank" rel="noopener noreferrer nofollow">What Will 100 Solana (SOL) Tokens Be Worth in 2025?</a></em></strong></p>
<p>A previous retest attempt at similar price levels occurred in early 2023 (green circle). Back then, a weekly close above the black level followed by a downside-wicking retest attempt enabled the upside to be as high as the orange area of resistance in the $3 region.&nbsp;</p>
<p>It remains to be seen if history will repeat</p>
<h2 class="wp-block-heading" id="ondo-eyes-key-support-with-ongoing-price-pullback">ONDO Eyes Key Support With Ongoing Price Pullback</h2>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="723" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040-1024x723.png" alt="" class="wp-image-532752" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040-1024x723.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040-300x212.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040-767x541.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040-1536x1084.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040-2048x1445.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040-213x150.png 213w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040-496x350.png 496w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040-788x556.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-1040.png 1794w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>The analyst has been expecting <a href="https://www.coindesk.com/price/ondo/#:~:text=The%20Ondo%20price%20is%20%241.02,has%20a%20Read%20more..." target="_blank" rel="noopener noreferrer nofollow">ONDO’s price</a> dip, and the price confirmed it with an ongoing pullback to the green line at around $1.&nbsp;</p>
<p>With the price at $1.05 at the time of the analysis, the analyst sees the price retesting to reach the green line. A successful retest at that point would see a reversal towards the black line around the $1.1 level from which it was rejected earlier this week.</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 <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-looks-ready-for-3x-spike-as-key-level-holds-ondo-price-could-reverse-at-this-strong-support/" rel="noopener noreferrer nofollow">Optimism (OP) Looks Ready for 3x Spike as Key Level Holds; ONDO Price Could Reverse at This Strong Support</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Optimism (OP) Looks Ready for 3x Spike as Key Level Holds; ONDO Price Could Reverse at This Strong Support

Table of Contents

CaptainAltcoin

Other articles published on Jul 24, 2024

How MANTRA is Leading the RWA Market Revolution

Solana Poised to Skyrocket to $2000, While CYBRO and XRP Aim for $10: Could the Ethereum ETF Narr...

Tesla Bitcoin Balance Steady, But Elon Musk Laser Eyes Say Buy

Proton launches self-custodial Bitcoin wallet

Solana Flips Ethereum: Surpasses ETH in 30-Day DEX Trading Volume

Bitcoin Price Stalls at $66,500 While Altcoins Struggle

Join our free newsletter for daily crypto updates!