Altcoin Newsletter #250
Features analysis on Altcoins such as FET FIL DOT SPX NEAR XNO
Welcome to the Rekt Capital Newsletter, a resource for investors who want to better navigate the crypto markets with the help of cutting-edge crypto research and unbiased market analysis.
In today’s Altcoin newsletter I cover the following Altcoins – specifically:
- Fetch.ai (FET)
- Filecoin (FIL)
- Polkadot (DOT)
- SPX6900 (SPX)
- Near Protocol (NEAR)
- Nano (XNO)
These Altcoin TA requests are made by valued readers of the Rekt Capital Premium Newsletter.
Let’s dive in...
Fetch.ai – FET/USDT
FET has re-entered its Macro Range.
Marking the end of the upside deviation phase and returning to the structure that has defined its long-term price behaviour.
Historically, this range has served as a mean reversion zone, price tends to oscillate around its median, occasionally deviating above or below before reverting back.
The recent sequence of Lower Highs, each sharper than the last, has reinforced persistent sell-side pressure and ultimately resulted in a breakdown from the triangular consolidation that followed the prior macro Lower High.
That Monthly Close below the triangle, followed by an upside wick into its base, confirmed distribution and re-synchronised FET with the Macro Range.
Price has since revisited the range low around $0.2042 (black), where historical reactions have consistently produced rebounds toward $0.4553 (black).
This time, the pattern repeated.
A significant downside wick during the recent liquidation event captured liquidity below the range, but the Monthly Close above $0.20 re-established stability inside the Macro Range.
Such positioning has historically preceded multi-month basing phases that paved the way for gradual recoveries.
Downside wicking below $0.20 remains acceptable as long as the broader basing structure holds.
A confirmed Monthly Close below this level — followed by upside wicks rejecting from it — would however risk transforming support into resistance and confirm a downside deviation period within the range.
For now, FET is consolidating between the range boundaries, stabilising after the end of its upside deviation.
Sustained positioning above $0.20 (black) could enable another mean-reversion rally toward $0.4553 over time.
Filecoin – FIL/USDT
Filecoin has recently emerged as one of the stronger performers among older “dino coins,” alongside Dash and Zcash, both of which have also shown notable strength.
Yet, despite this relative outperformance, FIL remains constrained beneath its multi-month downtrend (red), which has capped price throughout 2025.
This red diagonal represents the defining resistance of the year, every attempt to rally into it has resulted in rejection, most recently once again.
In addition, two key blue horizontals align with the old All Time Low from the 2022 Bear Market and the subsequent All Time Low of this current cycle.
Price is now interacting with both, turning them — together with the red diagonal — into a potential triple confluent resistance cluster.
To shift this dynamic, FIL must reclaim $2.06 (blue) and establish a confirmed breakout above the red downtrend.
Doing so would not only neutralise the multi-month Lower High sequence but also transform this confluence zone into new support.
A decisive Monthly Close above this region could enable price to re-enter the broader range marked by the orange box, effectively resynchronising FIL with its mean price cluster.
For now, the trend remains technically down.
Maintaining stability above $2.06 (blue) would preserve the most recent valuation progress and position price for a potential breakout attempt.
However, continued rejection from the red trendline would sustain the current downtrending context, delaying any meaningful expansion until the diagonal resistance is invalidated.