Gm friends,
Welcome back to another Premium Investor Report.
Let’s jump in!
Here’s what’s in today’s issue:
- Rekt Capital has the latest technical analysis for you on the market.
- Defi Dad has a tutorial on how to earn 51% APR with new USD0 by Usual Money.
- Jesse has a ton of hot new airdrops for you.
For any crypto related questions please comment on the website.
In today’s edition, the following cryptocurrencies will be analysed & discussed:
- Optimism (OP)
- Ondo (ONDO)
- Vanar Chain (VANRY)
- TrueFi (TRU)
- Bonk (BONK)
Optimism — OP/USDT
In recent weeks, we spoke about OP’s downside deviation below the Macro Higher Low (purple):
Then, last week, we touched upon how OP needed to position itself above the black $1.91 level to reclaim said level as new support to enable trend continuation to the upside:
And here’s today’s update:
OP has successfully retested the Macro Higher Low (purple) as support and the monthly candle has even flipped green for the first time this July.
OP is on the cusp of potentially positioning itself above the black level for a reclaim via the green path.
On the Monthly timeframe, this positioning isn’t very visible but on the Weekly it is clear that OP is trying to already reclaim said level:
OP Weekly Closed above the black level, breaking that level as resistance and now price is pulling back to retest it as new support.
The retest is in progress and a successful retest would enable upside via the green path.
In fact, 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 upside to as high as the orange area of resistance in the $3 region.
Could history repeat with a similar move upon successful retest here?
Ondo — ONDO/USDT
Last week, we spoke about an expectation for ONDO to dip as part of established a new range at highs:
Since then, ONDO has indeed began its pullback via the green path:
ONDO rejected from the black resistance which is a confluent rejection point with the red multi month downtrend.
It’s possible ONDO will continue its dip into the light blue level for a key retest attempt.
Successful retest there and ONDO would reverse to the upside to revisit the black highs from which it rejected from earlier this week via the green path.
TO READ THE REST OF OF REKT’S MARKET ANALYSIS, CLICK HERE
Stablecoin Farming: Earning 51% APR With New USD0 by Usual Money
Before we get started, this is not a recommendation or endorsement to buy any token(s) mentioned.
This week, we cover a new decentralized dollar-pegged, RWA-backed stablecoin called USD0, where the underlying yield and ownership is redistributed to USUAL tokenholders.
Commonly referred to as “tether,” USDT is the world’s most popular dollar-pegged stablecoin, with nearly $115B in liquidity.
The second most popular fiat-backed stablecoin is USDC with a market cap of $34B. Tether and Circle combined generated over $10B in revenue in 2023. However, none of this revenue is shared with their own users who contribute greatly to their respective protocol’s success.
Meanwhile, Real-World Assets (RWAs) are growing, and have arguably flipped all of DeFi as the…
Hi! My name is Lark Davis!
I’m a cryptocurrency investor with years of experience and I’ve been making consistent profits in the crypto space.
I’m passionate about helping others do the same, so I run multiple educational channels on crypto investing.
