The Graph (GRT) and Optimism (OP) Cryptos Face Critical Make or Break Points: These Key Levels Will Determine Their Next Price Directions

CoinMarketCap05-04

In the latest edition of his newsletter, popular crypto analyst Rekt Capital highlighted that The Graph (GRT) and Optimism (OP) cryptocurrencies are facing crucial price levels that will determine ...

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Readers should reference the charts closely to understand the use of colors in the descriptions below, which are based on Rekt Capital’s technical analysis.\nThe Graph (GRT) at a Pivotal Range Midpoint\nAccording to Rekt Capital, GRT has been trading within a red-red macro range between $0.15 and $0.37 throughout 2024. After breaking out from an ascending triangle pattern in November 2023, GRT rallied an impressive 226% from the range low to reach the blue resistance at $0.46 before entering a downtrend.\n\n\nCurrently, GRT is situated around $0.23, which represents the midpoint (black) of its red-red range. This level will be critical in determining whether GRT continues to occupy the upper half of the range, potentially rallying towards $0.34, or if it breaks down into the lower half, risking a dip to $0.15.\nAs long as the midpoint around $0.23 holds as support, Rekt Capital suggests there is scope for consolidation within the upper half of the range. However, if this level flips into resistance, GRT could revisit the range low over time around $0.15. For now, the upper half of the range remains intact until further notice.\n\n\n\n   New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW\n  \n\n\n\n\nMilei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!\nSponsored Show more +Show less –\n\n\n\n\nRead Also: Top Analyst Reveals Leading Cryptocurrency Gainers in Non-Empty Wallet Growth: Toncoin (TON) and Dogecoin (DOGE) Take the Lead\nOptimism (OP) Aims to Reclaim Key Range Level\nOptimism’s OP token is currently located within a red-red macro range between $1.91 and $3.70. The orange box around $3 represents the midpoint of this range. According to Rekt Capital, a reclaim of this orange area as support would mean that OP is ready to enter the upper half of the macro range, occupying the space highlighted by the black arrow.\nTo confirm a reclaim of the orange area, OP would need to perform a Weekly Close above it, followed by a retest, similar to previous instances at the red Range Low (green circles). However, a Weekly Close below the orange box could position OP for rejection into the lower half of the range, with a chance of dipping to around $2.\n\n\nAt the moment, the orange area around $3 is acting as resistance, making the upcoming Weekly Close quite crucial for OP’s near-term trajectory.\nBoth GRT and OP are facing key technical levels that could potentially trigger significant price movements in either direction. Crypto traders and investors will closely monitor these levels in the coming days and weeks.\nHunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.Get all our future calls by joining our FREE Telegram community.\n\n\n\n \n\n\n Check $RECQ Meme Coin \n\n     Sponsored: Invest Responsibly, Do Your Own Research.\n    \n\n\n Buy RECQ Today \n\n\n\n Serves as the base currency for all transactions within the Rebel Satoshi platform  ICO stage, offering tokens at a discounted price  Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.  Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,  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.\n    \n\n\n\n\nThe post The Graph (GRT) and Optimism (OP) Cryptos Face Critical Make or Break Points: These Key Levels Will Determine Their Next Price Directions appeared first on CaptainAltcoin.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432616509"}